L' Association des Francophones de Nanaimo
Statement of Changes in Net Assets
For the year ended March 31, 2008

Investment in
Capital Unrestricted

Assets Net Assets 2008 2007
Balance at beginning of year 15,718 54,005 69,723 69,807
Excess (shortfall) of revenue over expenses (4,956) 7,392 2,436 (84)
Capital asset purchases funded by operations | 5,334 (5,334) - -

Balance at end of year 16,096 56,063 72,159 69,723

The accompanying notes are an integral part of the financial statements
, 7 MP