L' Association des Francophones de Nanaimo

Statement of Operations
For the year ended March 31, 2005

2005 2004
Revenue
Gaming 24,642 24,324
Gifts in kind (Note 9) 247,001 206,882
Grants (Note 10) 177,884 142,161
Interest income 1,302 1,702
Goods sold, fees and miscellaneous 79,381 69,170
530,210 444,239
Expenses
Administration and supplies 6,948 7,808
Equipment rental 8,000 7,235
Event costs (Note 11) 287,767 221,166
Goods used & sold 17,401 24,014
Insurance 4,305 4,600
Interest and bank charges 902 432
Professional fees 6,004 4,545
Rent 14,864 14,493
Repairs and maintenance 812 1,464
Sub-contracts 37,167 17,265
Subscriptions and fees 2,984 2,141
Telephone, fax and internet 4,577 4,850
Travel 28,630 16,511
Utilities 1,726 1,890
Wages and employee benefits 103,673 107,777
525,760 436,191
Excess of revenues over expenses before loss on disposal of capital asset 4,450 8,048
Loss on disposal of capital asset - (1,355)
Excess of revenues over expenses 4,450 6,693

The accompanying notes are an integral part of these financial statements