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 September 30, 2004. The Corporation’s auditor has not reviewed the attached financial statements. |
INTERNATIONAL GEMINI TECHNOLOGY INC. |
| “signed” |
| Douglas E. Ford |
| Director |
| November 26, 2004 |
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| INTERNATIONAL GEMINI TECHNOLOGY INC. | ||||||||||||
| Consolidated Balance Sheet | ||||||||||||
| Prepared by management (unaudited) | ||||||||||||
| September 30, 2004 | Dec 31, 2003 | |||||||||||
ASSETS | ||||||||||||
| Current assets | ||||||||||||
| Cash | $ | 378 | $ | 1,959 | ||||||||
| Accounts receivable | — | 1,087 | ||||||||||
| Investments | 46,024 | 46,024 | ||||||||||
| $ | 46,402 | $ | 49,070 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts payable and accrued liabilities | $ | 30,988 | $ | 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 | (13,303,212 | ) | (13,281,912 | ) | ||||||||
| 15,414 | 36,715 | |||||||||||
| $ | 46,402 | $ | 49,070 | |||||||||
| Approved by the Directors: | ||||||||||||
| “Signed” | ||||||||||||
| Martin Schultz | ||||||||||||
| “Signed” | ||||||||||||
| Douglas E. Ford | ||||||||||||
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| INTERNATIONAL GEMINI TECHNOLOGY INC. | ||||||||||||||||||||
| Consolidated Statement of Income and Deficit | ||||||||||||||||||||
| Prepared by management (unaudited) | ||||||||||||||||||||
| Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended | |||||||||||||||||
| Sept. 30, 2004 | Sept. 30, 2003 | Sept. 30, 2004 | Sept. 30, 2003 | |||||||||||||||||
| Revenue | $ | - | 3,000 | $ | - | 3,000 | ||||||||||||||
| Expenses | ||||||||||||||||||||
| General and administrative | 8,262 | 11,797 | 21,300 | 30,348 | ||||||||||||||||
| Income (loss) for the period | (8,262 | ) | (8,797 | ) | (21,300 | ) | (27,348 | ) | ||||||||||||
| Deficit, beginning of period | (13,294,950 | ) | (13,262,600 | ) | (13,281,912 | ) | (13,244,049 | ) | ||||||||||||
| Deficit, end of period | $ | (13,303,212 | ) | $ | (13,271,397 | ) | $ | (13,303,212 | ) | $ | (13,271,397 | ) | ||||||||
| Earnings per share | — | — | — | — | ||||||||||||||||
| Fully diluted earnings per share | - | - | - | - | ||||||||||||||||
3
| INTERNATIONAL GEMINI TECHNOLOGY INC. | ||||||||
| Statement of Deficit | ||||||||
| Prepared by management (unaudited) | ||||||||
| Nine Months Ended | Year Ended | |||||||
| Sept. 30, 2004December 31, 2003 | ||||||||
| Deficit, beginning of period | $ | (13,281,912 | ) | $ | (13,244,049 | ) | ||
| Income (loss) for the period | (21,300 | ) | (37,863 | ) | ||||
| Deficit, end of period | $ | (13,303,212 | ) | $ | (13,281,912 | ) | ||
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| INTERNATIONAL GEMINI TECHNOLOGY INC. | ||||||||||||||||||||
| Consolidated Statement of Cash Flow | ||||||||||||||||||||
| Prepared by management (unaudited) | ||||||||||||||||||||
| Three Months Ended | Three Months Ended | Nine Months Ended | Nine Months Ended | |||||||||||||||||
| Sept. 30, 2004 | Sept. 30, 2003 | Sept. 30, 2004 | Sept. 30, 2003 | |||||||||||||||||
| Operating Activities | ||||||||||||||||||||
| Net income for period | $ | (8,262 | ) | $ | (8,797 | ) | $ | (21,300 | ) | $ | (27,348 | ) | ||||||||
| Deduct items not involving a current cash receipt | ||||||||||||||||||||
| Changes in non-cash working capital balances | 8,245 | 6,169 | 19,720 | 28,727 | ||||||||||||||||
| Net cash increase (decrease) in period | (17 | ) | (2,628 | ) | (1,580 | ) | 1,378 | |||||||||||||
| Cash position, beginning of period | 395 | 4,602 | 1,958 | 596 | ||||||||||||||||
| Cash position, end of period | $ | 378 | $ | 1,974 | $ | 378 | $ | 1,974 | ||||||||||||
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