107 Credit Risks 15. CONSOLIDATED STATEMENTS OF CASH FLOWS  For the year ended August 31, 1999, Shaw did not allocate interest on debt to its divisions nor does the Division have any separate legal existence for purposes of remitting income taxes. Accordingly, amounts included in the divisional financial statements for interest and income taxes represent allocations only and are included in changes in advances to and from Shaw. (ii) Interest paid, received and income taxes paid and classified as operating activities are as follows: (i) Net change in non-cash working capital balances related to opera- tions consists of the following: Additional disclosures with respect to the consolidated statements of cash flows are as follows: Credit risks associated with interest rate and cross-currency exchange agreements arise from the ability of counterparties to meet the terms of the contracts. In the event of non-performance by the counterparties, the Company’s accounting loss would be limited to the net amount that it would be entitled to receive under the contracts and agreements. These risks are mitigated by dealing with major creditworthy financial institutions. Accounts receivable are not subject to any concentration of credit risk. (thousands of Canadian dollars) 2000 1999 1998 Accounts receivable (6,742) 163 (7,043) Prepaid expenses and other 2,184 (610) (2,409) Income taxes recoverable (288) (6,419) (1,388) Accounts payable and accrued liabilities 18,851 (33) (493) Income taxes payable 5,742 – – 19,747 (6,899) (11,333) (thousands of Canadian dollars) 2000 Interest paid 36,102 Interest received 9,728 Income taxes paid 3,357