Notes to Consolidated Financial Statements

[in thousands of Canadian dollars]

1.		Nature of Operations
2.		Summary of Significant Accounting Policies
3.		Inventory
4.		Capital Assets
5.		Investments
6.		Intangible Assets and Goodwill
7.		Loan Payable
8.		Consolidated Statement of Cash Flows
9.		Contingencies
10.		Retirement Benefit Plans
11.		Commitments
12.		Financial Instruments and Risk Management

1. NATURE OF OPERATIONS

The Canadian Standards Association [the "Association"] is incorporated without share capital by letters patent dated January 21, 1919 under the laws of Canada. The Association is a not-for-profit organization engaged in the development of consensus standards in the areas of safety, quality and performance as well as the assessment, certification and registration of conformance to various standards.