L'ASSOCIATION DES FRANCOPHONES DE NANAIMO
STATEMENT OF OPERATIONS
FOR THE YEAR ENDED MARCH 31, 2003

See notes to financial statements

-4-

2003 2002

REVENUES
Gaming $ 28,162 $ 25,203
Gifts in kind (note 7) 192,740 79,858
Grants (note 8) 126,330 176,102
Interest income 1,925 3,755
Goods sold, fees and miscellaneous 66.416 39.408
415,573 324,326

EXPENSES
Accounting, audit and legal 6,008 5,281
Administration and supplies 5,435 6,346
Bad debts - 600
Equipment rental 4,015 464
Events (note 9) 209,590 108,489
Goods used and sold 21,440 13,940
Insurance 3,154 1,496
Interest and bank charges 243 1,941
Rent 14,825 22,840
Repairs and maintenance 694 1,129
Subcontracts 16,772 5,470
Subscriptions and fees 2,026 1,911
Telephone, fax and internet 4,484 4,000
Travel 16,679 11,334
Utilities 1,622 1,396
Wages and employee benefits 109.730 124.829
__ 416.717 __ 311.466
EXCESS (DEFICIENCY) OF REVENUES OVER EXPENSES $ (1,144) $ 12,860

FABESTWICKE
PARTNERS’

CHARTERED ACCOUNTANTS © MANAGEMENT CONSULTANTS