L' Association des Francophones de Nanaimo
Statement of Changes in Net Assets
For the year ended March 31, 2006

Investment in
Capital Unrestricted

Assets Net Assets 2006 2005
Balance at beginning of year, as previously reported 12,719 60,588 73,307 124,807
Adjustment (Note /1) : - - (49,798)
Balance at beginning of year, as restated 12,719 60,588 73,307 75,009
Shortfall of revenue over expenses (5,459) 1,959 (3,500) (1,702)
Capital asset purchases funded by operations 3,332 (3,332) - -
Balance at end of year . 10,592 59,215 69,807 73,307

The accompanying notes are an integral part of the financial statements