Financial Statements
Telecommunities Canada
Income Statement - For the year ending March 31, 1997
REVENUE
Interest 21.37
TOTAL REVENUE 21.37
EXPENSES
Bank Charges 6.60
Board Travel Expense 5234.05
President Travel Expense2310.61
President Meeting Expense593.95
CAP Project expenses3270.75
Office Expenses 198.62
TOTAL EXPENSE 11614.58
NET INCOME (LOSS) -11593.20


Telecommunities Canada
Balance Sheet - As of March 31, 1997
Bank52.35
TOTAL ASSETS52.35
Retained Earnings - 1995 6065.00
Retained Earnings - 19965580.56
Retained Earnings - 1997-11593.20
TOTAL EQUITIES52.35


NOTE: The 1995 CAP Project showed a positive balance of $5694.53 at March 31, 1996. Further expenses of $3270.75 were incurred in the year ending March 31, 1997. At the close of the CAP Project, net income for the project totals $2423.78.

Back to AGM Documents Index