v2.3.0.11

Consolidated Statement of Cash Flows (USD $)	3 Months Ended		39 Months Ended
Consolidated Statement of Cash Flows (USD $)	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2011
Cash flows from operating activities
Loss for the period	$ (7,410)	$ (1,289)	$ (53,010)
Non cash expenses-amortization	1,160	1,160	14,953
Changes in:
Accounts payable and accrued liabilities	6,250	129	57,532
Net cash used in operating activities	0	0	19,575
Cash flows from investing activities
Organizational costs	0	0	(22,575)
Cash used in investing activities	0	0	(22,575)
Cash flows from financing activities
Share capital issued	0	3,000	3,000
Net cash received from financing activities	0	3,000	3,000
Net increase in cash	0	0
Cash - beginning of period	0	0
Cash - end of period	$ 0	$ 0	$ 0

The increase (decrease) during the reporting period in the value of expenditures made during the current reporting period for benefits that will be received over a period of years. Deferred charges differ from prepaid expenses in that they usually extend over a long period of time and may or may not be regularly recurring costs of operation.

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The net cash inflow or outflow from financing activity for the period.

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The net cash inflow or outflow from investing activity.

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The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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SK Shasta Acquisition Corp. 4 10-Q