Financial Statements |
TRS.TSX Venture Financial Statements |
| BALANCE SHEETS |
|
February 28, 2002 |
February 28, 2001 |
|
ASSETS |
||
| Current | ||
Cash |
$ 122,244 | $ 143,315 |
Marketable securities (Note 3) |
4,500 | 24,000 |
Accounts receivable |
21,369 | 3,981 |
Subscriptions receivable |
8,500 | 10,150 |
| 156,613 | 181,446 | |
Capital assets (Note 4) |
1,432 | 1,383 |
Note receivable (Note 5) |
- | 3,686 |
Mineral properties (Notes 6) |
821,025 | 137,375 |
Deferred exploration costs (Notes 7) |
615,628 | 390,630 |
| $ 1,594,698 | $ 714,520 | |
LIABILITIES AND SHAREHOLDERS' EQUITY |
||
Current |
||
Accounts payable and accrued liabilities |
$ 120,030 | $ 125,650 |
Due to related parties (Note 9) |
9,637 | 30.347 |
| 129,667 | 155,997 | |
Shareholders' equity |
||
Capital stock (Note 8) |
5,015,493 | 4,011,745 |
Share subscriptions received |
- | 117,800 |
Deficit |
(3,550,462) | (3,571,022) |
| 1,465,031 | 558,523 | |
| $ 1,594,698 | $ 714,520 |
Nature of continuance of operations (Note 1)
Contingencies (Note 12)
Subsequent events (Note 14)
Approved on behalf of the Board:
Laura Lee Duffett - Director
N. Reid Toreson - Director
The accompanying notes are an integral part of these financial statements.
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