L’ASSOCIATION DES FRANCOPHONES DE NANAIMO
STATEMENTS OF EQUITY
FOR THE YEAR ENDED MARCH 31, 1997
(Unaudited)

1997 1996

EQUITY IN CAPITAL ASSETS
BALANCE AT BEGINNING OF YEAR $ 109,197 $ 97,353
Assets funded by operating funds -

11,844

BALANCE AT END OF YEAR $ 109,197 $ 109,197

OPERATING DEFICIT

BALANCE AT BEGINNING OF YEAR $ (42,385) $ (21,001)
Excess of expenditures over revenues (13,813) (21,384)
BALANCE AT END OF YEAR $ (56,198) $ (42,385)

See notes to financial statements

-3-
fF] BESTWICK &
PARTNERS

CHARTERED ACCOUNTANTS
Est. 1945