2001 Annual Report
Consolidated Financial Statements of
CANARC RESOURCE CORP.
(expressed in thousands of United States dollars)

December 31, 2001, 2000 and 1999

CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT

(expressed in thousands of United States dollars, except per share amounts)
	Years ended December 31,
	2001			2000			1999
Revenue:
������� Investment and other income	$	41		$	21		$	46
Expenses:
������� General and administrative		211			326			227
������� Shareholder relations		-			44			72
������� Property investigation		62			169			62
������� Amortization		6			8			11
������� Corporate development		-			5			17
������� Travel		1			11			7
������� Loss on disposal of capital assets		258			-			41
������� Write-down of marketable securities		7			108			82
������� Write-down of resource properties		3,150			245			-
		3,695			916			519
Loss before the undernoted		3,654			895			473
Non-controlling interest		6			(124)			(8)
Loss for the year		3,660			771			465
Deficit, beginning of year		23,994			23,223			22,758
Deficit, end of year	$	27,654		$	23,994		$	23,223
Basic loss per share	$	0.09		$	0.02		$	0.01
Weighted average number of shares outstanding	42,569,048			40,298,759			38,739,708
See accompanying notes to consolidated financial statements

 

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• President's Letter to Shareholders
• Auditors' Report to the Shareholders
• Consolidated Balance Sheets
• Consolidated Statements of Operations and Deficit
• Consolidated Statements of Changes in Cash Flow
• Notes to Financial Statements
• Management Discussion and Analysis