2001-2002 ANNUAL REPORT - AUTO21
2001-2002 ANNUAL REPORT - AUTO21
2001-2002 ANNUAL REPORT - AUTO21
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22 Driving innovation through research excellenceFINANCIALS<strong>AUTO21</strong> Network of Centres of ExcellenceBalance SheetAs at March 31, <strong>2002</strong>Assets<strong>2002</strong> <strong>2001</strong>$ $(unaudited)Current AssetsCash (note3) 3,246,559 3,951,000Prepaid expenses 19,352 —3,265,911 3,951,000Property, plant and equipment (note 4) 279,619 —3,545,530 3,951,000LiabilitiesCurrent liabilitiesAccounts payable and accrued liabilities 36,367 —Deferred revenue (note 5) 3,062,091 3,951,0003,098,458 3,951,000Net assets 447,072 —3,545,530 3,951,000Approved by the DirectorsDr. Inge L.H. HanssonDirectorMr. Gerard LukassenDirector
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