For the year ended March 31 (in thousands of dollars).

Cash flows from operating activitiesEstates and trusts – 2024Estates and trusts – 2023Administration fund – 2024Administration fund – 2023
Total comprehensive Income(Loss)N/AN/A16,543(4,825)
Estates and trustsN/AN/AN/AN/A
Change in net assets attributable to beneficiaries before undernoted:81,27537,422N/AN/A
Client capital contributions during the year676,123764,120N/AN/A
Client capital distributions during the year(629,735)(540,883N/AN/A
Funds escheated to the Crown(26,113)(7,077)N/AN/A
Change in net assets attributable to beneficiaries101,550253,582N/AN/A
Adjustments for non-cash client capital contributions(165,132)(215,284)N/AN/A
Adjustments for non-cash client capital distributions61,80537,768N/AN/A
Net unrealized (gain)/loss on investments and foreign currency at fair value(30,043)9,912(10,439)8,400
Investment income reinvested(13,035)(12,811)(6,992)(8,777)
Changes in working capital items: accounts receivable(2,203)(965)(714)(949)
Changes in working capital items: accounts payable and accrued liabilities11,5812,4921,3131,652
Net cash (used in) from operating activities(35,477)74,694(289)(4,499)
Cash flows from investing activitiesEstates and trusts – 2024Estates and trusts – 2023Administration fund – 2024Administration fund – 2023
Acquisition of investments(2,171,225)(2,359,589)4232,908
Proceeds from sale of investments2,036,1562,211,369N/AN/A
Proceeds from sale of real estate84,08876,091N/AN/A
Net increase in other assets(832)(736)N/AN/A
Net cash (used in) from investing activities(51,813)(72,865)4232,908
Increase (decrease) in cash and cash equivalents(87,290)1,829134(1,591)
Cash and cash equivalent, beginning of the year126,792124,9633401,931
Cash and cash equivalent, end of the year39,502126,792474340