Financial Statements |
TRS.CDNX Consolidated Financial Statements |
| CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT |
| Year Ended February 28, 2001 | Year Ended February 29, 2000 | |
EXPENSES |
||
Amortization |
$ 593 | $ 349 |
Bank charges and interest |
98 | 3,361 |
Consulting fees |
- | 14,240 |
Management fees |
13,800 | 28,200 |
Office and miscellaneous |
7,882 | 16,506 |
Professional fees |
28,732 | 23,944 |
Telephone |
2,385 | 1,854 |
Transfer agent and regulatory fees |
11,460 | 11,966 |
Travel and promotion |
2,677 | 2,380 |
| (67,627) | (102,800) | |
OTHER ITEMS |
||
Interest and other income |
(50) | 181 |
Write-off of deferred exploration costs (Note 7) |
81,658 | - |
Write-off of mineral properties (Note 6) |
88,173 | - |
Write-down of marketable securities (Note 3) |
3,000 | - |
| 172,781 | 181 | |
Loss before income taxes |
(240,408) | (102,619) |
| Income tax recovery | 44,912 | 38,986 |
Loss for the year |
(195,496) | (63,633) |
Deficit, beginning of year as previously reported |
(3,496,842) | (3,394,223) |
| Adjustment of deficit, according to asset and liability method of accounting for future income taxes (Note 11) | 121,316 | 82,330 |
Deficit, beginning of year restated |
$ (3,375,526) | $ (3,311,893) |
Deficit, end of year |
$ (3,571,022) | $ (3,375,526) |
|
|
|
|
|
Average
number of common shares outstanding |
|
|
|
Basic |
6,165,025 |
4,633,434 |
|
Diluted |
6,547,057 |
4,633,434 |
|
|
|
|
|
Loss
per common share |
|
|
|
Basic |
$
(0.04) |
$
(0.02) |
|
Diluted |
(0.04) |
(0.02) |
The accompanying notes are an integral part of these financial statements.
© Copyright 1999, Tres-Or Resources Ltd. All Rights Reserved |