UNAUDITED FINANCIAL STATEMENTS TOGETHER WITH NOTICE TO READER

CINEMA POLITICA CONCORDIA
August 31st, 2013

November 8th, 2013

NOTICE TO READER

On the basis of information provided by management, I have compiled the balance sheet of CINEMA POLITICA CONCORDIA as at August 31st, 2013 and the statements of operations and net assets for the year then ended. I have not performed an audit or a review engagement in respect of these financial statements and, accordingly, I express no assurance thereon. I have also prepared a number of journal entries. Readers are cautioned that these statements may not be appropriate for their purposes.

Richard Brouillette Accountant

CINEMA POLITICA CONCORDIA
UNAUDITED BALANCE SHEET
August 31st, ASSETS Current assets Cash Capital assets (Note 2) 2013 2012

5 366 1 549 6 915 $

10 885 450 11 335 $

LIABILITIES Current liabilities Accounts payable

228 228 $

-

NET ASSETS Unaffected net assets

6 687 6 915 $

11 335 11 335 $

Approved: , Director

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CINEMA POLITICA CONCORDIA
UNAUDITED STATEMENTS OF OPERATIONS AND NET ASSETS
August 31st, Revenues Donations Student fee levies 2013 2012

6 040 63 132 69 172 $

2 534 59 432 61 966 $

Expenditures Salaries Benefits Professional fees Film rights and purchases Artist fees and awards Events expenses Travel and transportation Stationery and office supplies Postage and telecommunications Advertising and promotion Bank charges Bad debts Amortization Excess (deficiency) of revenues over expenditures NET ASSETS, beginning of year NET ASSETS, end of year

15 054 1 957 20 451 9 478 566 16 819 574 84 1 151 5 768 604 864 222 73 592 (4 420)$ 11 335 $ 6 915 $

7 641 993 21 751 8 355 450 10 504 1 119 237 1 395 4 031 317 1 596 50 58 439 3 527 $ 7 808 $ 11 335 $

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CINEMA POLITICA CONCORDIA
NOTES TO UNAUDITED FINANCIAL STATEMENTS
August 31st, 2013 1. STATUTES OF INCORPORATION AND NATURE OF ACTIVITIES The Organization is incorporated under the Canada Business Corporation Act. The Organization is principally engaged in independent films distribution and promotion. As a non-profit organization the Organization does not pay income taxes. 2. CAPITAL ASSETS Capital assets and amortization Capital assets are accounted for at cost. Amortization is established using the straight-line method at the rate of 20%. 2013 Cost Computers, equipment and furniture 1 821 $ Accumulated amortization 272 $ Net value 1 549 $ 2012 Net value 450 $

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