BALANCE SHEET AS AT 31 DECEMBER 2006 |
2006 |
|
2005 |
|
|
$ |
|
$ |
|
ASSETS |
|
|
|
|
NON CURRENT ASSETS |
|
|
|
|
Plant & equipment |
191,156 |
|
191,694 |
|
|
|
|
|
|
TOTAL NON CURRENT ASSETS |
191,156 |
|
191,694 |
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
Other debtor & deposits |
42,696 |
|
24,500 |
|
Fixed deposits |
91,079 |
|
89,969 |
|
Cash & bank balances |
137,720 |
|
103,580 |
|
TOTAL CURRENT ASSETS |
271,495 |
|
218,049 |
|
TOTAL ASSETS |
462,651 |
|
409,743 |
|
ACCUMULATED FUND AND LIABILITIES |
|
|
|
|
ACCUMULATED FUND |
|
|
|
|
Opening balance |
408,043 |
|
497,514 |
|
Deficit for the year |
52,608 |
|
(89,471) |
|
|
|
|
|
|
ENDING BALANCE |
460,651 |
|
408,043 |
|
CURRENT LIABILITIES |
|
|
|
|
Accrued expenses |
2,000 |
|
1,700 |
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
2,000 |
|
1,700 |
|
TOTAL ACCUMULATED FUND AND LIABILITIES |
462,651 |
|
409,743 |
|
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