Erratum No. 2—October 25, 2018

Volume I, Section 1, a change has been made to the financial statements discussion and analysis, page 33.

Revised page—Volume I—Section 1—Page 33

Cash flow

The annual surplus or deficit is presented on an accrual basis of accounting, recognizing revenue in the period it is earned and expenses when incurred, regardless of when the associated cash is received or paid. In contrast, the Government's net cash flow measures the difference between cash coming in to the Government and cash going out.

In 2018, the Government had a total cash requirement of $7.8 billion before financing activities, compared to a total cash requirement of $27.1 billion before financing activities in 2017. Operating activities resulted in a net cash requirement of $3.8 billion in 2018, compared to a net cash requirement of $17.8 billion in 2017. Cash used by capital investment activities resulted in net cash requirement of $9.0 billion in 2018, compared to a net cash requirement of $7.4 billion in 2017. Cash provided by investing activities was $5.0 billion in 2018, compared to a net cash requirement of $1.9 billion in 2017.

Original page—Volume I—Section 1—Page 33

Cash flow - original

The annual surplus or deficit is presented on an accrual basis of accounting, recognizing revenue in the period it is earned and expenses when incurred, regardless of when the associated cash is received or paid. In contrast, the Government's net cash flow measures the difference between cash coming in to the Government and cash going out.

In 2018, the Government had a total cash requirement of $10.6 billion before financing activities, compared to a total cash requirement of $27.1 billion before financing activities in 2017. Operating activities resulted in a net cash requirement of $3.8 billion in 2018, compared to a net cash requirement of $17.8 billion in 2017. Cash used by capital investment activities resulted in net cash requirement of $9.0 billion in 2018, compared to a net cash requirement of $7.4 billion in 2017. Cash provided by investing activities was $5.0 billion in 2018, compared to a net cash requirement of $1.9 billion in 2017.