CMC Microsystems

 




Statement of Changes in Net Assets

For the year ended March 31    2009  2008

NSERC Funded
Portion of 
the
National
Design
Network

 Other  ICP  Total Total 
Net assets, beginning of year  $ 2,116,027  $ 2,197,248 $        187 $ 4,313,462  $ 3,373,751
Excess of revenue over expenditures for the year  (64,418)  399,686   (10,241)  325,027  939,711
Net assets, end of year $ 2,051,609 $ 2,596,934 $ (10,054) $ 4,638,489 $ 4,313,462
           
Represented by          
Invested in capital assets $  706,745 $   136,727 $             - $   843,472 $   817,161
Net assets, end of year  1,344,864  2,460,207  (10,054) 3,795,017  3,496,301
   $ 2,051,609  $ 2,596,934  $ (10,054)  $ 4,638,489  $ 4,313,462