EX-99.23 6 exhibit5.htm EX-99.23

Exhibit  EX-99.23

INTERNATIONAL GEMINI TECHNOLOGY INC.
Consolidated Balance Sheet
Prepared by management (unaudited)
						March 31, 2003				Dec 31, 2002
ASSETS
Current assets
Cash						$	2,479			$	596
Accounts receivable							109,831				110,566
Investments							46,024				46,024
						$	158,334			$	157,186
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable and accrued liabilities						$	92,776			$	82,608
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							(13,253,069	)			(13,244,049	)
							65,558				74,578
						$	158,334			$	157,186
Approved by the Directors:
“Signed”
Martin Schultz
“Signed”
Douglas E. Ford

1

Consolidated Statement of Income and Deficit
Prepared by management (unaudited)
						Three Months Ended				Three Months Ended
						March 31, 2003				March 31, 2002
Revenue						$	0			$	—
Interest Income							0				0
Expenses
General and administrative							9,020				5,876
Income (loss) for the period							(9,020	)			(5,876	)
Deficit, beginning of period							13,244,049				13,208,785
Deficit, end of period						$	13,253,069			$	13,214,661
Earnings per share							0				0
Fully diluted earnings per share							0				0

2

INTERNATIONAL GEMINI TECHNOLOGY INC.
Statement of Deficit
Prepared by management (unaudited)
		Three Months Ended				Year Ended
		March 31, 2003				December 31, 2002
Deficit, beginning of period		$	(13,244,049	)		$	(13,208,785	)
Income (loss) for the period			(5,876	)			(35,264	)
Deficit, end of period		$	(13,249,925	)		$	(13,244,049	)

3

INTERNATIONAL GEMINI TECHNOLOGY INC.
Consolidated Statement of Cash Flow
Prepared by management (unaudited)
						Three Months Ended				Three Months Ended
						March 31, 2003				March 31, 2002
Operating Activities
Net income for period						$	(9,020	)		$	(5,876	)
Deduct items not involving a current cash receipt
Changes in non-cash working capital balances							(10,903	)			5,761
Net cash increase (decrease) in period							1,883				(115	)
Cash position, beginning of period							596				1,313
Cash position, end of period						$	2,479			$	1,198

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