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Carfinco Income Fund declares record earnings for the First Quarter 2004.

Publication: M2 Presswire
Publication Date: 31-MAY-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 May 2004-Carfinco Income Fund: Carfinco Income Fund declares record earnings for the First Quarter 2004(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:05282004

Edmonton, Alberta CANADA /FSC/ - Carfinco Income Fund (CFN.UN - TSX Venture), (the "Fund") is pleased to announce the results for the First Quarter ended March 31, 2004.

Carfinco Income Fund

Consolidated Balance Sheets

March 31, December 31, March 31,

2004 2003 2003

(unaudited) (audited) (unaudited)

Assets

Finance receivables $30,221,312 $28,183,265 $26,002,469

Allowance for credit losses (2,485,000) (2,610,000) (3,080,000)

Dealer reserve (419,633) (220,000) -

Finance receivables - net 27,316,679 25,353,265 22,922,469

Other assets 70,266 31,526 74,125

Capital assets 164,974 145,976 162,191

Deferred costs 18,834 30,134...

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