10.

11.

12.

Grants and government contributions

Canadian Heritage

City of Nanaimo

Federal Government funding - other
Human Resource Development Canada
Presentation of the arts

Province of Quebec

Industry Canada

Province of B.C.

BC Art Council

Event costs

Marketing, promotion and advertising
Performers

Materials and incidentals

Accommodations, food and technical services
Other costs

Prior period adjustment

L' Association des Francophones de Nanaimo

Notes to the Financial Statements
For the year ended March 31, 2006

2006

126,196
7,000
9,675
3,520

15,000
17,000
35,905
7,120
2,500

223,916

2006

147,466
37,836 ,
15,807
30,857

986

232,952

2005

85,000

6,000
10,984

3,520
30,000
15,000
12,000
15,380

177,884

2005

206,223
30,613
24,167
25,892

872

287,767

During the year ended March 31, 2006 the Association changed its accounting policy for amortization of Capital Assets.
Under the previous policy capital assets were recorded at cost but were not amortized. Under the new accounting policy,
capital asset purchases are recorded at cost and are amortized according to the Association's Capital Asset policy.

The change has been applied with retroactive effect, accordingly the comparative figures have been restated, as follows:

- Capital assets decreased by $49,798
- Amortization expenses increased by $6,152

- Excess of revenues over expenses decreased by $6,152
- Investment in capital assets, beginning of the year decreased by $49,798
- Investment in capital assets, end of the year decreased by $55,950

Economic dependence

The Association's main source of income is derived from grants from the Federal Government and its agencies. It's ability
to continue viable operations is dependent upon the continued support from the Federal Government.

Mvp