L'Association Des Francophones De Nanaimo

Statement of Operations
For the year ended March 31, 2008

2008 2007
Revenue
Gaming 30,047 27,200
Gifts in kind (Note 8) 188,397 195,012
Grants (Note 9) 214,734 227,215
Interest income 3,648 . 3,371
Goods sold, fees and miscellaneous 73,932 85,596
510,758 538,394
Expenses ;
Amortization 4,956 3,586
Bad debts * 1,006 ; -
Administration and supplies 6,161 8,352
Equipment rental 10,045 10,200
Event costs -(Note 10) 228,074 218,616
Goods used and sold ‘21,058 29,205
Insurance 5,540 4,965
Interest and bank charges 627 897
Professional fees 8,285 10,632
Rent 15,812 15,218
Repairs and maintenance 1,599 743
‘Sub-contracts 26,149 48,689
Subscriptions and fees 2,926 3,163
Telephone, fax and internet 5,972 5,911
Travel 23,618 . 44,696
Utilities 1,688 2,218
Wages and employee benefits 144,806 128,810
508,322 535,901
Excess of revenues over expenses before loss on disposal of capital asset 2,436 2,493
Loss on disposal of capital asset - (2,577)
Excess (shortfall) of revenue over expenses and other comprehensive income 2,436 (84)

The accompanying notes are an integral part of these financial statements