Statement of Financial Position
Statement of Financial Position
SpringTime
Statement of Financial Position
As at December 31, 2000
| 2000 | 1999 | |
|---|---|---|
| Current assets | ||
| Cash | $940 | $500 |
| Accounts receivable | 300 | - |
| Contributions receivable | - | 100 |
| Inventory | 200 | 300 |
| Prepaid expenses | 100 | - |
| 1,540 | 900 | |
| Bond (note 3) | 10,190 | - |
| Capital assets (note 4) | 1,290 | 1,200 |
| $13,020 | $2,100 | |
| Current liabilities | ||
| Accounts payable | $100 | $ 100 |
| Bank loan - current (note 5) | 125 | 130 |
| 225 | 230 | |
| Bank loan - long-term (note 5) | 400 | 500 |
| Deferred contributions (note 6) | 1,055 | 600 |
| Net assets | ||
| Endowments | 10,325 | - |
| Invested in capital assets | 125 | 170 |
| Unrestricted | 890 | 600 |
| 11,340 | 770 | |
| $13,020 | $2,100 |