L'ASSOCIATION DES FRANCOPHONES DE NANAIMO

STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2003

2003 002
ASSETS
CURRENT ASSETS
Short-term investments $ 43,731 $ 61,261
Accounts receivable 15,196 16,020
Inventory 1,065 1,927
Prepaid expenses 1,692 1,591
61,684 80,799
INVESTMENTS (note 3) 22,442 21,778
FURNITURE AND EQUIPMENT 58.465 50,065
$ 142,591 $ 152,642
LIABILITIES

CURRENT LIABILITIES
Bank overdraft (note 4) $ 17,045 $ 33,607
Accounts payable 7.430 4.275
24.475 37,882

NET ASSETS

INVESTMENT IN CAPITAL ASSETS 58,465 50,065
UNRESTRICTED NET ASSETS 59.651 64.695
__118.116 __114,760
$ 142,591 $ 152,642

Approved by the Directors

Director
Director
See notes to financial statements
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FABESTWICKE&

PARTNERS’

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