L’ ASSOCIATION DES FRANCOPHONES DE NANAIMO
BALANCE SHEET

AS AT MARCH 31, 1998

(Unaudited)
1998 1997
ASSETS
CURRENT ASSETS
Accounts receivable as 8,518 $ 1,186
Inventory 313 ; 1,091
Prepaid expenses 781 781
9,612 3,058
CAPITAL ASSETS (note 2) 112,318 109,197
S 121,930 S$ 112,255
LIABILITIES

CURRENT LIABILITIES
Bank overdraft (note 3) $ 35,591 $ 25,098
Accounts payable 9,096 ¢ 2,831
Deferred revenue 20,084 31,327
64,771 59,256

MEMBERS’ EQUITY

EQUITY IN CAPITAL ASSETS 112,318 109,197
DEFICIT (55,159) (56,198)
— 57,159 _ 52,999
$ 121,930 $ 112,255

Director

Director

See notes to financial statements

7 4 PF) BESTWICK &
PARTNERS
CHARTERED ACCOUNTANTS