First National Energy Corp. Cashflow Statement

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Financial Statements

In USD, except per-share amounts

	FY2017 12 months to Dec 31, 2017	FY2016 12 months to Dec 31, 2016	FY2015 12 months to Dec 31, 2015	FY2011 12 months to Dec 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
Shares issued for services rendered
Shares issued for debt forgiveness
Forgiveness of accounts payable and loans
Increase (decrease) in accounts payable and accrued liabilities
Net loss
Share based compensation expense
Decrease in accounts payable and accrued liabilities
Net cash used in operating activities
CASH FLOWS FROM FINANCING ACTIVITIES
Loan from Stockholders
Proceeds from issuance of capital stock
Acquisition of India technology license
Loan from Boreas Research Corporation, net
Proceeds of sale of non-controlling interest in subsidiary
Increase in loan from director
Sale of shares
Finance cost pursuant to sale of shares
Net cash provided by financing activities

NET DECREASE IN CASH
Cash, beginning of year
CASH, END OF YEAR
INCOME TAXES PAID
INTEREST PAID

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