BALANCE SHEET AS AT 31 DECEMBER 2005 |
2005 |
|
2004 |
|
|
$ |
|
$ |
|
ASSETS |
|
|
|
|
NON CURRENT ASSETS |
|
|
|
|
Plant & equipment |
191,694 |
|
160,468 |
|
|
|
|
|
|
TOTAL NON CURRENT ASSETS |
191,694 |
|
160,468 |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
Other debtor & deposits |
24,500 |
|
34,292 |
|
Fixed deposits |
89,969 |
|
89,241 |
|
Cash & bank balances |
103,580 |
|
215,213 |
|
TOTAL CURRENT ASSETS |
218,049 |
|
338,746 |
|
TOTAL ASSETS |
409,743 |
|
499,214 |
|
ACCUMULATED FUND AND LIABILITIES |
|
|
|
|
ACCUMULATED FUND |
|
|
|
|
Opening balance |
497,514 |
|
601,592 |
|
Deficit for the year |
(89,471) |
|
(104,078) |
|
|
|
|
|
|
ENDING BALANCE |
408,043 |
|
497,514 |
|
CURRENT LIABILITIES |
|
|
|
|
Accrued expenses |
1,700 |
|
1,700 |
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
1,700 |
|
1,700 |
|
TOTAL ACCUMULATED FUND AND LIABILITIES |
409,743 |
|
499,214 |
|
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