Exhibits 5.19A and 5.19B contain the consolidated statements of cash flows and related note disclosure for The Second Cup Ltd.

EXHIBIT 5.19A The Second Cup Ltd.’s 2016 Statements of Cash Flows

EXHIBIT 5.19B Excerpt from the Second Cup Ltd.’s 2016 Annual Report

Required

a. In total, how much did Second Cup’s cash and cash equivalents change during 2016? Was this an increase or a decrease? How did this compare with the previous year?

b. Did Second Cup have net income or a net loss in 2016? How did this compare with the cash flows from operating activities? What was the largest difference between these two amounts?

c. What effect did the change in the company’s accounts payable and accrued liabilities have on cash flows from operating activities in 2016? What does this tell you about the balance owed to these creditors?

d. Did the balance of outstanding gift cards increase or decrease during 2016? Was this considered to be an inflow or an outflow of cash?

e. Did Second Cup purchase property, plant, and equipment during 2016? Did the company receive any proceeds from the sale of property, plant, and equipment during the period?

f. Calculate Second Cup’s net free cash flow for 2016 and 2015. Is the trend positive or negative?

g. Second Cup’s total liabilities were $22,038 at December 31, 2016, and $22,558 at December 26, 2015. Determine the company’s cash flows to total liabilities ratio. Comment on the change year over year.

h. If you were a user of Second Cup’s financial statements—a banker or an investor—how would you interpret the company’s cash flow pattern? How would you assess the risk of a loan to or an investment in Second Cup? Do you think the company is growing rapidly?

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STATEMENTS OF CASH FLOWS For the periods ended December 31, 2016 and December 26, 2015 (Expressed in thousands of Canadian dollars) 2015 2016 CASH PROVIDED BY (USED IN) Operating activitles $ (975) $ (1,153) Net loss for the period Items not involving cash Depreciation of property and equipment 1,168 1,091 Amortization of intangible assets 403 374 Share-based compensation expense 53 86 Deferred income taxes (note 19) 238 211 Loss (gain) on disposal of capital related items (21) 225 Change in fair value of interest rate swap (note 5) (77) 4 Changes in non-cash working capital & other (note 21) (2,288) (1,177) Cash used in (provided by) operating activities (1,253) (585) Investing activities Proceeds from disposal of capital related items 334 497 Cash payments for capital expenditures (note 21) (382) (1,942) Cash payments for intangible assets (note 21) (393) (733) Notes receivable repayment (issuance) 76 (5) (365) Cash used in investing activities (2,183) Flnancing activitles (6,000) Repayment of term loan (note 14) (5,000) Repayment of swap (note 5) (70) Proceeds from new term loan 8,000 Transaction costs (458) Cash provided by (used in) financing activities Increase (decrease) In cash and cash equivalents during the perlod Cash and cash equlvalents–Beginning of the perlod Cash and cash equlvalents–End of the perlod 1,542 (5,070) (76) (7,838) 3,080 10,918 $ 3,004 $ 3,080 21. Supplemental cash flow Information 2016 2015 Changes in non-cash working capital & other (inflow (outflow)): Trade and other receivables $ 411 $ 592 Inventories 29 (8) Prepaid expenses and other assets 176 58 Accounts payable and accrued liabilities (1,658) (651) Provisions (483) (388) Other liabilities (282) (103) Gift card liability (70) (172) Deposits from franchisees & change in restricted cash (566) (517) Income taxes 155 12 $(2,288) S(1,177) Cash payments for capltal expenditures Cash payments for capital expenditures $ (382) $(1,942) Cash payments for intangible assets (393) (733) $ (775) $(2,675) Supplementary Information Interest paid $ 318 $ 523 Income taxes paid