id BESTWICK&
PARTNERS’

CHARTERED ACCOUNTANTS
Est. 1945

96 WALLACE STREET, PO BOX 514, NANAIMO, BC VOR 5L5 « TEL: (250) 753-8251 FAX: (250) 754-3999 * bestwick@island.net

AUDITORS’ REPORT

To the Directors
L’Association des Francophones de Nanaimo

We have audited the statement of financial position of L’Association
des Francophones de Nanaimo as at March 31, 1999 and the statements of
changes in net assets, operations and cash flows for the year then
ended. These financial statements are the responsibility of the
association’s management. Our responsibility is to express an opinion
on these financial statements based on our audit.

Except as explained in the following paragraph, we conducted our audit
in accordance with generally accepted auditing standards. Those
standards require that we plan and perform an audit to obtain
reasonable assurance whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation.

The prior year’s comparative figures are unaudited and we are unable
to verify the assets, liabilities and net assets as at March 31, 1998.
Since opening assets and liabilities enter into the determination of
the results of operations, we were unable to determine whether
adjustments to revenues, expenses, excess of revenues over expenses
and opening net assets might be necessary.

In our opinion, except for the effect of adjustments, if any, which we
might have determined to be necessary had we been able to satisfy
ourselves concerning opening assets and liabilities as described in
the preceding paragraph, these financial statements present fairly, in
all material respects, the financial position of the association as at
March 31, 1999 and the results of its operations and cashflows for the
year then ended in accordance with generally accepted accounting
principles. As required by the Society Act (British Columbia), we
report that, in our opinion these principles have been applied on a
basis consistent with that of the preceding year.

lo
Nanaimo, B.C. CHARTERED ACCOUNTANTS

May 9, 1999

- 1
Member, Institute of Chartered Accountants of British Columbia
* A PARTNERSHIP OF INCORPORATED PROFESSIONALS