Consolidated Statement of Changes in Net Assets
Year ended March 31, 2012, with comparative figures for 2011
| 2012 | 2011 | |||
|---|---|---|---|---|
| Internally restricted | Unrestricted | Total | Total | |
| (note 7) | ||||
| Net assets, beginning of year | 15,914 | 1,478,743 | 1,494,657 | 1,627,412 |
| Excess (deficiency) of revenue over expenses |
1,486 |
(4,503) |
(3,017) |
(154,517) |
| Unrealized loss on long-term advances |
— |
— |
— |
21,762 |
| Net assets, end of year | 17,400 | 1,474,240 | 1,491,640 | 1,494,657 |
See accompanying notes to consolidated financial statements.