L' Association des Francophones de Nanaimo

Statement of Financial Position
As at March 31, 2005

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2005 2004
Assets
Current
Short-term investments (Market value - $ 45,675; 2004 - $ 45,000) 45,675 45,000
Accounts receivable 29,174 30,895
Inventory 9,183 2,513
Prepaid expenses 3,095 1,692
87,127 80,100
Capital assets (Note 3) 68,669 65,907
Investments (Note 4) 23,734 23,127
179,530 169,134
Liabilities
Current
Bank indebtedness (Note 5) 21,914 29,339
Accounts payable and accruals 19,643 14,988
Deferred contributions (Note 6) 8,716 -
50,273 44,327
Net Assets
Investment in capital assets 68,669 65,907
Unrestricted net assets 60,588 58,900
129,257 124,807
179,530 169,134
Approved om behal the Board

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Director ea EZ LB / Director
b

The accompanying notes are an integral part of these financial statements