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Previous: MONEY MARKET OBLIGATIONS TRUST II, NSAR-B, 1998-04-01 |
Next: HIGHTIDE INC, 10-K, 1998-04-01 |
Please find enclose HIGHTIDE INC Income statement and Balance sheet
for period 01-01-96 to 12-31-96
<TABLE>
<S> <C>
REVENUE
REVENUE
Sales 0.00
Interest Revenue 0.42
TOTAL REVENUE 0.42
TOTAL REVENUE 0.42
___________
EXPENSE
OPERATING EXPENSES
Accounting 7113.78
Bank Charges and Interest 240.13
Legal Fees 1557.95
Office Supplies 0.00
Professional Fees 369.00
Travel 3576.65
Corporate Services 936.50
Foreign Exchange - Conv. Account 124.77
TOTAL OPERATING EXPENSES 13669.24
TOTAL EXPENSE 13669.24
___________
NET INCOME -13668.82
===========
Hightide Inc.
Balance Sheet As At 31-12-96
ASSETS
CURRENT ASSETS
Petty Cash 0.00
Bank Account CND 419.89
Conversion Account 0.00
Bank Account U.S. 1132.74
Cash In Trust 0.00
Cash: Total 1152.63
Prepaid Expenses 2500.00
Investments in Subsidiary Co. 737799.00
Accounts Receivable 0.00
Allowance-Doubtful Accts 0.00
Goodwill 3500.00
TOTAL CURRENT ASSETS 745351.63
TOTAL ASSETS 745351.63
============
LIABILITIES
CURRENT LIABILITIES
Accounts Payable - CND 0.00
A/P - Conversion Account 0.00
Accounts Payable - U.S. 0.00
Loans Payable 17721.45
TOTAL CURRENT LIABILITIES 17721.45
TOTAL LIABILITIES 0.00
____________
EQUITY
SHARE CAPITAL
Common Stock-Class A 9000.00
Subscribed & Unissued 0.00
Additional Paid-In Capital 732299.00
TOTAL SHARE CAPITAL 741299.00
RETAINED EARNINGS
Retained Earnings 0.00
Current Earnings -13668.82
TOTAL RETAINED EARNINGS -13668.82
TOTAL EQUITY 727630.18
____________
LIABILITIES AND EQUITY 745351.63
============
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> CANADIAN
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<EXCHANGE-RATE> 1.40
<CASH> 1,552
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 745,351
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 745,351
<CURRENT-LIABILITIES> 17,721
<BONDS> 0
0
0
<COMMON> 9,000
<OTHER-SE> 732,299
<TOTAL-LIABILITY-AND-EQUITY> 745,351
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 13,669
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (13,668)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (13,668)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
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