L'ASSOCIATION DES FRANCOPHONES DE NANAIMO

STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2001

2001 2000
(Unaudited)
ASSETS
CURRENT ASSETS
Short-term investments (market value $63,997) $ 63,997 $ 60,681
Accounts receivable 15,926 5,372
Inventory 5,122 892
Prepaid expenses 1,591 1,443
86,636 68,388
INVESTMENTS (note 3) 20,871 20,000
CAPITAL ASSETS (note 4) 37,570 27,892
$ 145,077 $ 116,280
LIABILITIES
CURRENT LIABILITIES
Bank overdraft (note 5) $ 7,982 $ 10,039
Bank loan (note 6) 24,000 -
Accounts payable 11,195 2.788
43,177 12,827
NET ASSETS
INVESTMENT IN CAPITAL ASSETS 37,570 27,892
UNRESTRICTED NET ASSETS 64,330 75,561
101,900 103.453
$ 145,077 $ 116,280
Approved by the Directors
[bt eie- Ve. Ll ngftr Director
- Jon Director
See notes to financial statements
-2-
FABESTWICKE&

PARTNERS’

CHARTERED ACCOUNTANTS © MANAGEMENT CONSULTANTS