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STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Jan. 31, 2012
OPERATING ACTIVITIES      
Royalties received $ 22,197,875 $ 31,731,348 $ 33,997,720
Interest received 2,078 1,524 5,412
Expenses paid (930,877) (1,042,405) (887,998)
NET CASH FROM OPERATING ACTIVITIES 21,269,076 30,690,467 33,115,134
INVESTING ACTIVITIES      
Maturities of U.S. Government securities 438,875 35,000 767,400
Purchases of U.S. Government securities (510,633) (205,054) (572,327)
NET CASH FROM (USED FOR) INVESTING ACTIVITIES (71,758) (170,054) 195,073
FINANCING ACTIVITY      
Distributions to unitholders (20,204,816) (34,046,426) (31,750,424)
NET CHANGE IN CASH AND CASH EQUIVALENTS 992,502 (3,526,013) 1,559,783
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 6,727,461 10,253,474 8,693,691
CASH AND CASH EQUIVALENTS, END OF YEAR 7,719,963 6,727,461 10,253,474
RECONCILIATION OF NET INCOME TO NET CASH FROM OPERATING ACTIVITIES      
Net income 21,056,289 30,654,737 33,237,332
Decrease (increase) in accrued income receivable 154,800 169,927 (155,194)
Decrease (increase) in prepaid expense 1,623 (2,806) (3,560)
Increase (decrease) in accrued expenses 56,364 (131,391) 36,556
NET CASH FROM OPERATING ACTIVITIES 21,269,076 30,690,467 33,115,134
NON CASH FINANCING ACTIVITY      
Distributions declared and payable $ 7,478,406 $ 6,428,805 $ 9,971,208