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Financials - YE2011
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DIVING EQUIPMENT & MARKETING ASSOCIATION

CONSOLIDATED BALANCE SHEET
For the fiscal year ending December 31, 2011
 
           
           
ASSETS
           
Current Assets      
  Cash       983,690
  Manufacturers Fund (2008-2011) 338,823
  Disaster Relief Fund (2008-2011) 43,204
  Accounts Receivable   30,310
  Inventory     8,682
  Prepaid Expenses   248,606
  Other Assets                     8,639
           
    Total Current Assets 1,661,956
           
Net Fixed Assets              24,019.33
           
TOTAL ASSETS      $       1,685,975
           
           
           
LIABILITIES & FUND BALANCE
           
Current Liabilities      
  Accounts Payable   63,646
  Accrued Vacation   13,281
  Deferred Membership Dues 152,175
  Deferred Booth Space   71,669
           
    Total Current Liabilities 300,771
           
Fund Balances      
  Retained Earnings - (Prior)          1,180,550
  Retained Earnings - (Current)             204,655
           
    Total Net Assets   1,385,204
           
           
TOTAL LIABILITIES & FUND BALANCE  $       1,685,975
           
           
           
(Audited)

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