L’ ASSOCIATION DES FRANCOPHONES DE NANAIMO
STATEMENTS OF EQUITY

FOR THE YEAR ENDED MARCH 31, 1998

(Unaudited)
1998 1997
EQUITY IN CAPITAL ASSETS

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

Assets funded by operating funds 3,121 =
BALANCE AT END OF YEAR $ 112,318 $ 109,197

OPERATING DEFICIT .
BALANCE AT BEGINNING OF YEAR $ (56,198) $ (42,385)
Excess (deficiency) of

revenues over expenditures 1,039 (13,813)
BALANCE AT END OF YEAR $ (55,159) $ (56,198)

See notes to financial statements

73 Fj BESTWICK &
PARTNERS
CHARTERED ACCOUNTANTS

Est. 1945