2002
First Quarter Financial Statements
Consolidated Balance
Sheets of
CANARC RESOURCE CORP.
(express in thousands of United States dollars)
(Unaudited - See Notice to Reader)
March 31, 2002
CONSOLIDATED
BALANCE SHEETS
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March 31, 2002 |
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December 31,
2001 |
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ASSETS |
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Current assets |
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Cash and cash equivalents |
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$ |
127 |
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$ |
70 |
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Marketable securities (Note 3) |
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248 |
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300 |
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Due from related parties (Note 7) |
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16 |
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11 |
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Receivables |
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16 |
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93 |
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407 |
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474 |
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Resource properties
(Note 4) |
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16,413 |
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16,408 |
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Capital assets
(Note 5) |
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199 |
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199 |
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$ |
17,019 |
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$ |
17,081 |
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Liabilities and Shareholders Equity |
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Current liabilities |
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Accounts payable and accrued liabilities |
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$ |
92 |
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$ |
108 |
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Non-controlling interest in subsidiary |
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135 |
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136 |
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Shareholders equity |
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Share capital (Note 6) |
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Authorized: |
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100,000,000 common shares |
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Issued: |
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43,834,801 common shares |
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44,491 |
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44,491 |
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DEFERRED
STOCK-BASED COMPENSATION |
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5 |
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- |
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Deficit |
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(27,704) |
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(27,654) |
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16,792 |
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16,837 |
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$ |
17,019 |
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$ |
17,081 |
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Going
concern (Note 1) |
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Commitments
and contingencies (Note 4) |
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See
accompanying notes to consolidated financial statements. |
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Approved
by the Directors |
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Bradford J. Cooke |
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Stephen Peck |
Director |
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Director |
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