STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 1998
(IN US $’000)

ASSETS	1998	1997
Current assets
Cash and banks	7,188	4,640
Accounts receivable
Donors Employees Others	2,271 111 644	3,553 176 389
Prepaid expenses	336	522
Total current assets	10,550	9,280
Fixed assets	107	84
Property, plant and equipment Less : accumulated depreciation	3,711 (1,796)	3,170 (1,322)
Total fixed assets - net	1,915	1,848
TOTAL ASSETS	12,465	11,128
LIABILITIES AND NET ASSETS
Current liabilities
Accounts payable : Donors Others	1,948 34	1,449 60
Accruals and provisions	2,215	1,988
Total current liabilities	4,197	3,497
Net assets
Capital invested in fixed assets	1,915	1,848
Capital fund	1,088	1,155
Operating fund	5,265	4,628
Total net assets	8,268	7,631
TOTAL LIABILITIES AND NET ASSETS	12,465	11,128