L’ASSOCIATION DES FRANCOPHONES DE NANAIMO
BALANCE SHEET

AS AT MARCH 31, 1997

(Unaudited)
1997
ASSETS
CURRENT ASSETS
Accounts receivable $ 1,186
Inventory 1,091
Prepaid expenses 781
3,058
CAPITAL ASSETS (note 2) 109,197
$ 112,255
LIABILITIES
CURRENT LIABILITIES
Bank overdraft (note 3) $ 25,098
Bank loan -
Accounts payable 2,831
Deferred revenue 31,327
59,256
MEMBERS’ EQUITY
EQUITY IN CAPITAL ASSETS 109,197
DEFICIT (56,198)

52,999

$ 112,255

APPROVED BY THE DIRECTORS

Director

Director

See notes to financial statements

-2-°-

$ 476
1,500
791

2,767
109,197

$ 111,964

$ 38,378

109,197

(42,385)

66,812

$ 111,964

i BESTWICK &

CHARTERED ACCOUNTANTS
Est. 1945