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Send this pageBALANCE SHEET Note (A)
|
Description |
December 31, |
|
|
|
2008 |
2007 |
|
Assets |
JD |
JD |
|
Current Assets: |
|
|
|
Cash on Hands and at banks |
1174619 |
1385647 |
|
Interest Receivable |
10689 |
9818 |
|
Refundable Deposits |
300 |
300 |
|
Prepaid Expenses |
2385 |
0 |
|
Total Current Assets |
1187993 |
1395765
|
|
|
|
|
|
Non-Current Assets : |
|
|
|
Fixed Asset - at Cost |
2993162 |
3033322 |
|
Less: Accumulated Depreciation |
1701229 |
1728145 |
|
Fixed Assets - Net |
1291933 |
1305177 |
|
Intangible Assets |
22681 |
22681 |
|
Less: Accumulated Amortization |
22680 |
22680 |
| Intangible Assets - Net |
1
|
1
|
|
Total Assets |
2479927 |
2700943 |
|
|
|
|
|
Liabilities |
|
|
|
Current liabilities |
|
|
|
Expenses Payable and other Credit Balances |
74204 |
130621 |
| Provision For Lawsuite |
5000 |
0 |
|
Cash Margins |
150 |
4700 |
|
Total Current Liabilities |
79354 |
135321 |
|
Reserves |
|
|
|
Special Reserve |
44910 |
44910 |
|
Capital Expenditures Reserve |
386000 |
386000 |
|
The Institutes Building Reserve |
1969663 |
2134712 |
|
Total Reserves |
2400573 |
2565622 |
|
Total Liabilities and Reserves |
2479927 |
2700943 |
STATEMENT OF REVENUES AND EXPENDITURES Note (B)
|
Description |
December 31, |
|
|
|
2008 |
2007 |
|
|
JD |
JD |
|
Revenues |
1380826 |
1246936 |
|
Expenditures |
(1465336) |
(1200242) |
|
(Deficit) Excess of Revenues over Expenses |
(84510)
|
46694 |