Exhibit 99.1
Wikifamilies SA - Nyon |
BALANCE SHEET AS OF 31 MARCH |
Exchange Rate | |||||||||
Note | 3/31/2011 | 1.091716026 | |||||||
ASSETS | |||||||||
CHF | US$ | ||||||||
Current Assets | |||||||||
Bank accounts | 37,924 | 41,402 | |||||||
Share capital to be paid | 50,000 | 54,586 | |||||||
Other receivable | 1 | 1 | |||||||
Total Current Assets | 87,925 | 95,989 | |||||||
Fixed Assets | |||||||||
Tangible fixed assets | |||||||||
Hardware / Sofware, net | 14,772 | 16,127 | |||||||
Intangible fixed assets | |||||||||
Incorporation Costs, net | 9,538 | 10,413 | |||||||
Research & Development Cost, net | 20,000 | 21,834 | |||||||
Total Fixed Assets | 44,310 | 48,374 | |||||||
Total Assets | 132,235 | 144,363 | |||||||
LIABILITIES & EQUITIES | |||||||||
Liabilities | |||||||||
Other current Liabilities + social sec. | 8,081 | 8,822 | |||||||
Long Term Liabilities | |||||||||
Inter-company loans | 50,000 | 54,586 | |||||||
Total Liabilities | 58,081 | 63,408 | |||||||
Shareholders'Equity | |||||||||
Share Capital | 100,000 | 109,172 | |||||||
Net Loss | -25,846 | -28,216 | |||||||
Total Liabilities & Equity | 132,235 | 144,363 |
Wikifamilies SA - Nyon |
Profit and Loss Account |
for the period of Incorporation on February 15, 2011 through March 31, 2011 |
Note | 2011 | ||||||||
CHF | US$ | ||||||||
Income | 0 | 0 | |||||||
Direct costs | 0 | 0 | |||||||
Gross Profit | 0 | 0 | |||||||
Overheads Expenses | |||||||||
Payroll & Soc. Security expenses | 11,381 | 12,425 | |||||||
Accounting Fees | 2,200 | 2,402 | |||||||
Legal Fees | 10,000 | 10,917 | |||||||
Partner Fees | 0 | 0 | |||||||
Total expenses | 23,581 | 25,744 | |||||||
Provision on depreciation | |||||||||
Depreciation on tangible assets | 379 | 414 | |||||||
Depreciation on intangible assets | 162 | 177 | |||||||
Total provision on depreciation | 541 | 590 | |||||||
Net loss after depreciation | 24,122 | 26,334 | |||||||
Interest income and exchange gains | |||||||||
Bank Services Charges and exchange losses | 1,725 | 1,883 | |||||||
Net loss before Taxes | 25,846 | 28,217 | |||||||
Taxes | 0 | 0 | |||||||
Net Loss | 25,846 | 28,217 |