L’ASSOCIATION DES FRANCOPHONES DE NANAIMO
STATEMENTS OF FINANCIAL POSITION
AS AT MARCH 31, 2013 AND 2012 AND APRIL 1, 2011

(Unaudited) Page 3

March 31 March 31 April 1
2013 2012 2011
ASSETS
CURRENT ASSETS
Cash $ 16,313 $ 21,320 $ 42,025
Short-term investments (Note 4) 85,738 84,322 82,854
Accounts receivable 14,654 7,711 2,724
Inventory 2,422 5,250 2,421
Prepaid expenses 2,900 2,750 2,750
122,027 121,353 132,774
CAPITAL ASSETS (Note 5) 994 3,067 6,485
$ 123,021 $ 124,420 $ 139,259
LIABILITIES
CURRENT LIABILITIES
Bank indebtedness (Note 6) $ 27,857 $ 7,726 $ -
Accounts payable and accrued liabilities 6,973 6,807 7,627
Amounts to remit to Canada Revenue Agency 882 1,685 -
Deferred revenue (Note 7) 21,206 27,241 47,441
56,918 43,459 55,068
NET ASSETS
INVESTED IN CAPITAL ASSETS 994 3,067 6,485
UNRESTRICTED 65,109 77,894 77,706
66,103 80,961 84,191

$ 123,021 $ 124,420 $ 139,259

Approved by the Directors:

Director

Director