OTCPK:AVEFF - Post by User
Post by
aquason Mar 01, 2002 2:13pm
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Post# 4830847
Balance Sheet from October 31, 2001
Balance Sheet from October 31, 2001African Sky Incorporated
October 31, 2001
Assets
Current
Cash 23,315
Marketable Securities nil
Accounts Receivable 7,006
Loans Receivable*** 84,186
Total Assets 114,507
Liabilities
Accounts Payable 205,630
Owing to Related Parties*** 122,134
Total Liabilities 327,764
***Loans Receivable
The company has advanced $84,186 to a company incorporated in the Republic of Africa. The funds were subsequently loaned to another company.
***Owing to Related Paties
Amounts owing to related parties consists of unpaid management fees owing to directors. Management fees of $305,408 were paid or payable during the period. Unpaid management fees of $286,400 were applied to exercise options to acquire 1,001,000 common shares.
https://www.sedar.com/command_servlet?cmd=DisplayCompanyDocuments&issuerNo=00007917&lang=EN