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## COMMANDER RESOURCES LTD. 

(An Exploration Stage Company) Notes to Financial Statements For the Years Ended December 31, 2012 and 2011 (Expressed in Canadian dollars) 

## 10. Investment in Maritime (Continued) 

A summary of Maritime’s financial information as at December 31, 2012 and 2011 are as follows: 

<img src='content_image/283566.jpg'>

## 11. Property and Equipment 

The Company had property and equipment with the following cost and accumulated depreciation at December 31, 2012 and 2011: 

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## 12. Accounts Payable and Accrued Liabilities 

The average credit period of purchases is one month. The Company has financial risk management policies in place to ensure that all payables are paid within the agreed-upon credit terms. The following is an aging analysis of accounts payable and accrued liabilities: 

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