10.

L'Association Des Francophones De Nanaimo

Notes to the Financial Statements
For the year ended March 31, 2010
(Unaudited)

Investment

The investment is a term deposit bearing interest at 1.01% (2009 - 5.25%) and matures November 4, 2010. This
investment is required by the Association's creditor as security for overdraft privileges. The Association intends to renew
the investment at maturity.

Bank indebtedness

The Association has a permanent line of credit of $20,000 bearing interest at prime plus 1%, secured by the investment with

a carrying value of $28,657 (2009 - $27,827).

Deferred revenue

2010 2009
Opening balance of donated inventory 10,227 8,716
Contributions of donated inventory during the year 7,202 16,568
Less: Used during the year (11,710) (15,056)
i

5,719 10,228
St

Gifts in Kind

During the year, gifts of goods and services were received and utilized for the following activities:

2010 2009
Event costs 92,836 187,650
Wages and employee benefits 21,008 21,408
Goods received - maple syrup 5,985 16,567
Goods transferred from (to) inventory 5,725 (1,512)
Travel costs 5,326 2,016
eee EMO
130,880 226,129

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