Driving Innovation Through Research Excellence - AUTO21
Driving Innovation Through Research Excellence - AUTO21
Driving Innovation Through Research Excellence - AUTO21
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<strong>AUTO21</strong> Network of Centres of <strong>Excellence</strong><br />
Balance Sheet<br />
As at March 31, 2006<br />
2006 2005<br />
$ $<br />
ASSETS<br />
Current assets<br />
Cash (note 3) 1,768,296 1,818,045<br />
Accounts receivable 16,500 274,900<br />
Prepaid expenses 43,222 53,633<br />
1,828,018 2,146,578<br />
Property, plant and equipment (note 4) 99,137 145,888<br />
1,927,155 2,292,466<br />
LIABILITIES<br />
Current liabilities<br />
Accounts payable and accrued liabilities 39,824 62,875<br />
Deferred revenue (note 5) 1,470,845 1,754,568<br />
1,510,669 1,817,443<br />
28<br />
Contingency (note 7)<br />
Net assets 416,486 475,023<br />
1,927,155 2,292,466<br />
Approved by the Board of Directors<br />
Director: Norman Lockington<br />
Director: Gerry Lukassen<br />
<strong>AUTO21</strong> Annual Report 2005-2006
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