Ahr. Westshore Terminals Income Fund Statements of Cash Flows For the years ended December 31, 2002 and 2001 (expressed in thousands of dollars) 2002 2001 $ $ Cash flows from operating activities Net earnings for the year 38,337 33,137 Items not affecting cash Equity in earnings of Westshore Terminals Ltd. (831) (2,048) Amortization of purchase price discrepancy 5,848 18,352 43,354 49,441 Changes in non-cash working capital (709) 42 42,645 49,483 Cash flows from financing activities Distributions paid to unitholders (47,475) (47,614) | (Decrease) increase in cash and cash equivalents (4,830) 1,869 Cash and cash equivalents - Beginning of year 15,688 13,819 Cash and cash equivalents - End of year 10,858 15,688 Supplemental cash flow information Cash received for interest 43,865 50,164 12