L'ASSOCIATION DES FRANCOPHONES DE NANAIMO

STATEMENTS OF REVENUE AND EXPENSES

(Unaudited) Page 5

YEARS ENDED MARCH 31 2013 2012

REVENUE Gifts in kind (Note 8) $ 61,126 $ 123,549 Ministry of Canadian Heritage - Operating 60,584 60,589 Goods sold, fees and miscellaneous 41,654 41,982 Direct access grant 30,013 25,954 Ministry of Canadian Heritage - Projects 28,000 35,000 City of Nanaimo 9,662 8,800 Membership fees 2,025 1,810 Interest 1,423 1,483 234,487 299,167 EXPENSES Event costs (Note 9) 87,247 118,225 Wages and employee benefits 58,019 82,133 Sub-contracts 28,691 24,446 Rent 18,871 21,263 Travel 14,172 7,857 Purchase of goods 13,408 16,431 Office and sundry 7,907 6,047 Professional fees 6,862 7,512 Insurance 5,039 4,740 Telephone, fax and internet 2,471 1,713 Amortization 2,073 3,419 Subscriptions and registrations 1,579 1,622 Repairs and maintenance 1,231 809 Utilities 1,101 1,254 Interest and bank charges 376 128 Equipment rental 298 4,798

249,345 302,397

DEFICIENCY OF REVENUE OVER EXPENSES FOR THE YEAR $ (14,858) $ (3,230)