Capital Improvements & Debt Retirement Expenditure 
from 01Sep94-31Aug01
                                @YE94       @YE01      Total
Buildings                     89,423.96  93,908.34   4,484.38
Office Equipment              15,487.12  19,716.40   4,229.28
Technical Equipment           61,203.30  95,597.66  34,394.36
Technical Renovations              0.00  18,296.00  18,296.00
                                                   -----------
                                                    61,404.02

Total Long Tern Liability     30,602.84       0.00  30,602.84
                                                   -----------
                                                   $92,006.86
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