Annual Report

2001 Budget $			Note	2001 Actual $	2000 Actual $
		CURRENT ASSETS
47,000		Cash		51,983	21,189
400,000		Short Term Deposits		500,000	500,000
10,000		GST Receivable		10,957	9,590
65,000		Sundry Debtors and Prepayments		118,165	65,110
522,000		Total Current Assets		681,105	595,889
415,000		FIXED ASSETS	7	399,696	422,814
$937,000		Total Assets		$1,080,801	$1,018,703
		CURRENT LIABILITIES
125,000		Creditors and Accruals	8	172,289	122,017
-		Receipt for Use of Assets	3	8,349	-
125,000		Total Current Liabilities		180,638	122,017
		NON-CURRENT LIABILITIES
-		Receipt for Use of Assets	3	21,958	-
125,000		Total Liabilities		202,596	122,017
		EQUITY
714,000		Accumulated Funds		790,709	798,398
98,000		Asset Revaluation Reserve		87,496	98,288
812,000		Total Equity		878,205	896,686
$937,000		Total Equity and Liabilities		$1,080,801	$1,018,703

On behalf of the Commission:

M.R.H. WEBB CHAIRPERSON 13 JULY 2001

J. FARRELL CHIEF EXECUTIVE 13 JULY 2001

The accompanying Notes form part of these Financial Statements.