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