Datos para desarrollar la clase practica de auditoria interna plan anual.

16. Current Assets
Cash (note 2) US$ 35,063
Accounts receivable (note 3) 9,177
Prepaid taxes and expenses (note 5) 5,866
50,106
Non Current Assets
Accounts receivable - related parties (note 4) 85,442
Loans receivable - related parties (note 4) 71,574
Furniture and equipment, net (note 6) 9,243
Costos de exploración 1,497
Other Assets 2,752
170,508
Total Assets 220,614
Current Liabilities
Accounts payable 1,486
Non Current Liabilities
Loans payable - related parties (note 4) 282,708
Total Liabilities 284,194
Stockholders' Equity
Authorized capital stock (500 shares authorized, issued and
in circulation with a nominal value of C$100 equivalent
to US$5.55 each share) 2,777
Accumulated deficit (66,357)
Total Stockholders' Equity (63,580)
Total Liabilities and Stockholders' EquityUS$ 220,614
The declaration of accounting policies and the accompanying
notes from Nº1 through Nº14, are integral part of the financial
statements.
LIABILITY AND STOCKHOLDERS' EQUITY
ASSETS
MINAS, S.A.
(Constituted in Nicaragua)
Balance Sheet
As of December 31, 2006
(Expressed in U.S. dollars)
3

17. Income US$ -
Operating expenses
Expenses as employee benefits (note 9) 25,216
General expenses (note 10) 39,516
Depreciation 835
65,567
Operating loss 65,567
Other expenses
Banking services 588
Others 355
943
Adjustment for conversion (153)
Loss for the period US$ 66,357
The declaration of accounting policies and the
accompanying notes from Nº1 through Nº14, are integral
MINAS
(Constituted in Nicaragua)
Statement of Income
For the six months ended December 31, 2006
(Expressed in U.S. dollars)
4