NEADS Membership Report 2010-2012

Audited Financial Statements

STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2012

2012 2011

ASSETS

Cash 48,462 3,018
Short-term deposits 13,142 86,090
Accounts receivable 10,875
Recoverable H.S.T./G.S.T. 1,779 11,706
74,258 100,814

LIABILITIES
Accounts payable and accrued liabilities 31,172 34,882
Deferred revenue 33,943 71,333
65,115 106,215

MEMBERS’ SURPLUS (DEFICIT)

BALANCE - BEGINNING OF YEAR ( 5,401) ( 54,174)
Net revenue for the year 14,544 48,773
BALANCE - END OF YEAR 9,143 ( 5,401)
74,258 100,814



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