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2002 First Quarter Report
Consolidated Statements of Operations and Deficit of
CANARC RESOURCE CORP.
(express in thousands of United States dollars)
(Unaudited - See Notice to Reader)

March 31, 2002


CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT
       
 

Three months ended March 31,

 

2002

 

2001

           

REVENUE

         

����� Investment and other income

$

10

 

$

6

           

COSTS AND EXPENSES

         

����� General and administrative

 

48

   

48

����� Property investigation

 

7

   

37

����� Amortization

 

1

   

2

����� Shareholder relations

 

-

   

1

����� Write-down of resource properties

 

-

   

52

           
   

56

   

140

           

LOSS BEFORE THE UNDERNOTED

 

46

   

134

����� Stock-based compensation

 

5

   

-

����� Non-controlling interest

 

(1)

   

(22)

           

LOSS FOR THE PERIOD

 

50

   

112

           

DEFICIT, BEGINNING OF PERIOD

 

27,654

   

23,994

           

DEFICIT, END OF PERIOD

$

27,704

 

$

24,106

           

WEIGHTED AVERAGE NUMBER OF

����� SHARES OUTSTANDING

 

43,834,801

   

40,834,801

           

LOSS PER SHARE

$

0.001

 

$

0.003

           

See accompanying notes to consolidated financial statements.

 

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