INTERNATIONAL GEMINI TECHNOLOGY INC. |
#208 — 828 Harbourside Drive, |
North Vancouver, British Columbia V7P 3R9 |
Telephone: (604) 904-8481 Facsimile: (604) 904-9431 |
NOTICE |
| Attached are the unaudited interim financial statements of International Gemini Technology Inc. (the “Corporation”) for the period ended March 31, 2004. The Corporation’s auditor has not reviewed the attached financial statements. |
INTERNATIONAL GEMINI TECHNOLOGY INC. |
| “signed” |
| Douglas E. Ford |
| Director |
| May 28, 2004 |
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| INTERNATIONAL GEMINI TECHNOLOGY INC. | ||||||||||||
| Consolidated Balance Sheet | ||||||||||||
| Prepared by management (unaudited) | ||||||||||||
| March 31, 2004 | Dec 31, 2003 | |||||||||||
ASSETS | ||||||||||||
| Current assets | ||||||||||||
| Cash | $ | 408 | $ | 1,959 | ||||||||
| Accounts receivable | — | 1,087 | ||||||||||
| Investments | 46,024 | 46,024 | ||||||||||
| $ | 46,432 | $ | 49,070 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts payable and accrued liabilities | $ | 15,287 | $ | 12,355 | ||||||||
| Shareholders’ equity | ||||||||||||
| Share capital - common | $ | 12,660,559 | $ | 12,660,559 | ||||||||
| Share capital - preferred | 604,724 | 604,724 | ||||||||||
| Contributed surplus | 53,344 | 53,344 | ||||||||||
| Deficit | (13,287,482 | ) | (13,281,912 | ) | ||||||||
| 31,145 | 36,715 | |||||||||||
| $ | 46,432 | $ | 49,070 | |||||||||
| Approved by the Directors: | ||||||||||||
| “Signed” | ||||||||||||
| Martin Schultz | ||||||||||||
| “Signed” | ||||||||||||
| Douglas E. Ford | ||||||||||||
2
| INTERNATIONAL GEMINI TECHNOLOGY INC. | ||||||||||||
| Consolidated Statement of Income and Deficit | ||||||||||||
| Prepared by management (unaudited) | ||||||||||||
| Three Months Ended | Three Months Ended | |||||||||||
| March 31, 2004 | March 31, 2003 | |||||||||||
| Revenue | $ | 0 | $ | 0 | ||||||||
| Interest Income | 0 | 0 | ||||||||||
| Expenses | ||||||||||||
| General and administrative | 5,570 | 9,020 | ||||||||||
| Income (loss) for the period | (5,570 | ) | (9,020 | ) | ||||||||
| Deficit, beginning of period | 13,281,912 | 13,244,049 | ||||||||||
| Deficit, end of period | $ | 13,287,482 | $ | 13,253,069 | ||||||||
| Earnings per share | 0 | 0 | ||||||||||
| Fully diluted earnings per share | 0 | 0 | ||||||||||
3
| INTERNATIONAL GEMINI TECHNOLOGY INC. | ||||||||
| Statement of Deficit | ||||||||
| Prepared by management (unaudited) | ||||||||
| Three Months Ended | Year Ended | |||||||
| March 31, 2004 | December 31, 2003 | |||||||
| Deficit, beginning of period | $ | (13,281,912 | ) | $ | (13,244,049 | ) | ||
| Income (loss) for the period | (5,570 | ) | (37,863 | ) | ||||
| Deficit, end of period | $ | (13,287,482 | ) | $ | (13,281,912 | ) | ||
4
| INTERNATIONAL GEMINI TECHNOLOGY INC. | ||||||||||||
| Consolidated Statement of Cash Flow | ||||||||||||
| Prepared by management (unaudited) | ||||||||||||
| Three Months Ended | Three Months Ended | |||||||||||
| March 31, 2004 | March 31, 2003 | |||||||||||
| Operating Activities | ||||||||||||
| Net income for period | $ | (5,570 | ) | $ | (9,020 | ) | ||||||
| Deduct items not involving a current cash receipt | ||||||||||||
| Changes in non-cash working capital balances | (4,019 | ) | (10,903 | ) | ||||||||
| Net cash increase (decrease) in period | (1,551 | ) | 1,883 | |||||||||
| Cash position, beginning of period | 1,959 | 596 | ||||||||||
| Cash position, end of period | $ | 408 | $ | 2,479 | ||||||||
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