Worksheets List

Chapter 6, Page100
Chapter 6, Page101
Chapter 6, Page102
Chapter 6, Page103
Chapter 6, Page104
Chapter 6, Page105
Chapter 6, Page106
11-General Details
14- Months Lists
13-Parametrs and Calculations
15 - BS, P&L Level
16-Notes Lists
21-Trial Balance Data
Financial Ratio
Notes
Cash from Operating Activities
Net Income
Adjusted by:
Depreciation
Net cash provided by operating activities
Changes in Working Capital:
(Increase) Decrease in Current Assets:
Accounts receivable
Inventories
Prepaid expenses
Increase (Decrease) in Current Liabilities:
Line of Credit
Current Portion of Long-Term Debt
Accounts Payable
Accrued Expenses
Other Payables
Net changes in Working Capital
Net cash provided before investments & financing activities
Long Term Assets
(Increase) Decrease in fixed assets
(Increase) Decrease in other assets
Cash used (from) Long Term Assets
Long Term Liablilities
Increase (Decrease) in long term debts
Increase (Decrease) in capital
Cash from (used) liablilities and capiatal
Net Increase (Decrease) in Cash
Cash at the beginning of the year
Cash at the end of the year
Audit
The Formulas in row 48
Cash Flow Report
For the year ended December, 31 2003
XYZ Corporation Inc.
2003 2002
229,168 147,430
59,312 50,221
288,480 197,651
-115,064 -210,824
-26,040 -39,010
10,107 -1,774
-24,051 37,563
746 2,963
71,971 35,646
13,006 16,597
-7,687 2,020
-77,012 -156,819
211,468 40,832
-68,419 -78,836
-63,811 -26,457
-132,231 -105,293
-96,085 76,917
-726 11,447
-96,810 88,364
-17,573 23,903
318,697 294,795
301,124 318,697
301,124 318,697
=Cash =OFFSET(Cash,0,1)
Cash Flow Report
For the year ended December, 31 2003
XYZ Corporation Inc.
ASSETS Notes 2003 2002
Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,983
Property and Equipment (at Cost) 10
Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610
Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760
TOTAL ASSETS 3,571,695 3,385,352
LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities
Line of Credit 476,783 500,834
Current Portion of Long-Term Debt 0 0
Accounts Payable 547,255 475,284
Accrued Expenses 234,296 221,291
Other Payables 19,250 26,937
Total Current Liabilities 1,277,585 1,224,345
Long-Term Liabilities
Note Payable 784,273 840,105
Equipment Leases Payable 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
TOTAL LIABILITIES 2,207,064 2,249,909
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 3,531,443 3,345,846
December 31
XYZ Corporation Inc.
Balance Sheet
Notes 2003
Revenue 20
Sales 2,920,093
Services 955,214
Total Revenue 3,875,307
Cost of Goods Sold
Materials 854,521
Labor & Subcontractors Costs 602,125
Other Cost of goods sold 384,521
Increase / Decrease in Inventories 21 -26,040
Total Cost of Goods Sold 1,815,127
Gross Income 2,060,180
Operating Expenses
Selling 480,161
General & Administrative 22 758,542
Other Operating Expense 23 275,541
Depreciation 59,312
Total Operating Expenses 1,573,556
Net Income before Operations 486,624
Operating Income (Loss)
Other income (expense) 24 32,512
Interest expense 75,421
Total Operating Income 107,933
Income (Loss) Before Income Taxes 378,691
Provision (benefit) for income taxes 25 149,523
Net Income (Loss) for the year 229,168
Retained Earnings beginning of the year 26 943,314
Retained Earnings 1,172,482
XYZ Corporation Inc.
Income Statement
For the year ended December, 31 2003
2002
2,633,626
725,458
3,359,084
733,352
536,645
350,241
-30,254
1,589,984
1,769,100
441,256
675,992
260,887
50,221
1,428,356
340,744
-2,521
62,584
60,063
280,681
133,251
147,430
795,884
943,314
XYZ Corporation Inc.
Income Statement
For the year ended December, 31 2003
Notes
Cash from Operating Activities
Net Income
Adjusted by:
Depreciation
Net cash provided by operating activities
Changes in Working Capital:
(Increase) Decrease in Current Assets:
Accounts receivable
Inventories
Prepaid expenses
Increase (Decrease) in Current Liabilities:
Line of Credit
Current Portion of Long-Term Debt
Accounts Payable
Accrued Expenses
Other Payables
Net changes in Working Capital
Net cash provided before investments & financing activities
Long Term Assets
(Increase) Decrease in fixed assets
(Increase) Decrease in other assets
Cash used (from) Long Term Assets
Long Term Liablilities
Increase (Decrease) in long term debts
Increase (Decrease) in capital
Cash from (used) liablilities and capiatal
Net Increase (Decrease) in Cash
Cash at the beginning of the year
Cash at the end of the year
Audit
The Formulas in row 48
XYZ Corporation Inc.
Cash Flow Report
For the year ended December, 31 2003
2003 2002
229,168 147,430
59,312 50,221
288,480 197,651
-115,064 -210,824
-26,040 -39,010
10,107 -1,774
-24,051 37,563
746 2,963
71,971 35,646
13,006 16,597
-7,687 2,020
-77,012 -156,819
211,468 40,832
-68,419 -78,836
-63,811 -26,457
-132,231 -105,293
-96,085 76,917
-726 11,447
-96,810 88,364
-17,573 23,903
318,697 294,795
301,124 318,697
301,124 318,697
=Cash =OFFSET(Cash,0,1)
XYZ Corporation Inc.
Cash Flow Report
For the year ended December, 31 2003
Notes
Cash from Operating Activities
Net Income
Adjusted by:
Depreciation
Net cash provided by operating activities
Changes in Working Capital:
(Increase) Decrease in Current Assets:
Accounts receivable
Inventories
Prepaid expenses
Increase (Decrease) in Current Liabilities:
Line of Credit
Current Portion of Long-Term Debt
Accounts Payable
Accrued Expenses
Other Payables
Net changes in Working Capital
Net cash provided before investments & financing activities
Long Term Assets
(Increase) Decrease in fixed assets
(Increase) Decrease in other assets
Cash used (from) Long Term Assets
Long Term Liablilities
Increase (Decrease) in long term debts
Increase (Decrease) in capital
Cash from (used) liablilities and capiatal
Net Increase (Decrease) in Cash
Cash at the beginning of the year
Cash at the end of the year
Audit
The Formulas in row 48
XYZ Corporation Inc.
Cash Flow Report
For the year ended December, 31 2003
2003 2002
229,168 147,430
59,312 50,221
288,480 197,651
-115,064 -210,824
-26,040 -39,010
10,107 -1,774
-24,051 37,563
746 2,963
71,971 35,646
13,006 16,597
-7,687 2,020
-77,012 -156,819
211,468 40,832
-68,419 -78,836
-63,811 -26,457
-132,231 -105,293
-96,085 76,917
-726 11,447
-96,810 88,364
-17,573 23,903
318,697 294,795
301,124 318,697
301,124 318,697
=Cash =OFFSET(Cash,0,1)
XYZ Corporation Inc.
Cash Flow Report
For the year ended December, 31 2003
Notes
Cash from Operating Activities
Net Income
Adjusted by:
Depreciation
Net cash provided by operating activities
Changes in Working Capital:
(Increase) Decrease in Current Assets:
Accounts receivable
Inventories
Prepaid expenses
Increase (Decrease) in Current Liabilities:
Line of Credit
Current Portion of Long-Term Debt
Accounts Payable
Accrued Expenses
Other Payables
Net changes in Working Capital
Net cash provided before investments & financing activities
Long Term Assets
(Increase) Decrease in fixed assets
(Increase) Decrease in other assets
Cash used (from) Long Term Assets
Long Term Liablilities
Increase (Decrease) in long term debts
Increase (Decrease) in capital
Cash from (used) liablilities and capiatal
Net Increase (Decrease) in Cash
Cash at the beginning of the year
Cash at the end of the year
Audit
The Formulas in row 48
XYZ Corporation Inc.
Cash Flow Report
For the year ended December, 31 2003
2003 2002
229,168 147,430
59,312 50,221
288,480 197,651
-115,064 -210,824
-26,040 -39,010
10,107 -1,774
-24,051 37,563
746 2,963
71,971 35,646
13,006 16,597
-7,687 2,020
-77,012 -156,819
211,468 40,832
-68,419 -78,836
-63,811 -26,457
-132,231 -105,293
-96,085 76,917
-726 11,447
-96,810 88,364
-17,573 23,903
318,697 294,795
301,124 318,697
301,124 318,697
=Cash =OFFSET(Cash,0,1)
XYZ Corporation Inc.
Cash Flow Report
For the year ended December, 31 2003
Notes
Cash from Operating Activities
Net Income
Adjusted by:
Depreciation
Net cash provided by operating activities
Changes in Working Capital:
(Increase) Decrease in Current Assets:
Accounts receivable
Inventories
Prepaid expenses
Increase (Decrease) in Current Liabilities:
Line of Credit
Current Portion of Long-Term Debt
Accounts Payable
Accrued Expenses
Other Payables
Net changes in Working Capital
Net cash provided before investments & financing activities
Long Term Assets
(Increase) Decrease in fixed assets
(Increase) Decrease in other assets
Cash used (from) Long Term Assets
Long Term Liablilities
Increase (Decrease) in long term debts
Increase (Decrease) in capital
Cash from (used) liablilities and capiatal
Net Increase (Decrease) in Cash
Cash at the beginning of the year
Cash at the end of the year
Audit
The Formulas in row 48
XYZ Corporation Inc.
Cash Flow Report
For the year ended December, 31 2003
2003 2002
229,168 147,430
59,312 50,221
288,480 197,651
-115,064 -210,824
-26,040 -39,010
10,107 -1,774
-24,051 37,563
746 2,963
71,971 35,646
13,006 16,597
-7,687 2,020
-77,012 -156,819
211,468 40,832
-68,419 -78,836
-63,811 -26,457
-132,231 -105,293
-96,085 76,917
-726 11,447
-96,810 88,364
-17,573 23,903
318,697 294,795
301,124 318,697
301,124 318,697
=Cash =OFFSET(Cash,0,1)
XYZ Corporation Inc.
Cash Flow Report
For the year ended December, 31 2003
Company Name
Reports Date
Calander Year No Month Year End 5
XYZ Corporation Inc.
Yes
No
month
Number Months List
Quarter Number
Calander year
Quarter Number
Fiscal year
Quarter # -
Calander or
Fiscal Year
Fiscal Year
Number
1 January 31, 1998 1 3 3
2 February 28, 1998 1 3 3
3 March 31, 1998 1 4 4
4 April 30, 1998 2 4 4
5 May 31, 1998 2 4 4
6 June 30, 1998 2 1 1
7 July 31, 1998 3 1 1
8 August 31, 1998 3 1 1
9 September 30, 1998 3 2 2
10 October 31, 1998 4 2 2
11 November 30, 1998 4 2 2
12 December 31, 1998 4 3 3
13 January 31, 1999 1 3 3
14 February 28, 1999 1 3 3
15 March 31, 1999 1 4 4
16 April 30, 1999 2 4 4
17 May 31, 1999 2 4 4
18 June 30, 1999 2 1 1
19 July 31, 1999 3 1 1
20 August 31, 1999 3 1 1
21 September 30, 1999 3 2 2
22 October 31, 1999 4 2 2
23 November 30, 1999 4 2 2
24 December 31, 1999 4 3 3
25 January 31, 2000 1 3 3
26 February 29, 2000 1 3 3
27 March 31, 2000 1 4 4
28 April 30, 2000 2 4 4
29 May 31, 2000 2 4 4
30 June 30, 2000 2 1 1
31 July 31, 2000 3 1 1
32 August 31, 2000 3 1 1
33 September 30, 2000 3 2 2
34 October 31, 2000 4 2 2
35 November 30, 2000 4 2 2
36 December 31, 2000 4 3 3
37 January 31, 2001 1 3 3
38 February 28, 2001 1 3 3
39 March 31, 2001 1 4 4
40 April 30, 2001 2 4 4
41 May 31, 2001 2 4 4
42 June 30, 2001 2 1 1
43 July 31, 2001 3 1 1
44 August 31, 2001 3 1 1
45 September 30, 2001 3 2 2
46 October 31, 2001 4 2 2
47 November 30, 2001 4 2 2
48 December 31, 2001 4 3 3
49 January 31, 2002 1 3 3
50 February 28, 2002 1 3 3
51 March 31, 2002 1 4 4
52 April 30, 2002 2 4 4
53 May 31, 2002 2 4 4
54 June 30, 2002 2 1 1
55 July 31, 2002 3 1 1
56 August 31, 2002 3 1 1
57 September 30, 2002 3 2 2
58 October 31, 2002 4 2 2
59 November 30, 2002 4 2 2
60 December 31, 2002 4 3 3
61 January 31, 2003 1 3 3
62 February 28, 2003 1 3 3
63 March 31, 2003 1 4 4
64 April 30, 2003 2 4 4
65 May 31, 2003 2 4 4
66 June 30, 2003 2 1 1
67 July 31, 2003 3 1 1
68 August 31, 2003 3 1 1
69 September 30, 2003 3 2 2
70 October 31, 2003 4 2 2
71 November 30, 2003 4 2 2
72 December 31, 2003 4 3 3
73 January 31, 2004 1 3 3
74 February 29, 2004 1 3 3
75 March 31, 2004 1 4 4
76 April 30, 2004 2 4 4
77 May 31, 2004 2 4 4
78 June 30, 2004 2 1 1
79 July 31, 2004 3 1 1
80 August 31, 2004 3 1 1
81 September 30, 2004 3 2 2
82 October 31, 2004 4 2 2
83 November 30, 2004 4 2 2
84 December 31, 2004 4 3 3
85 January 31, 2005 1 3 3
86 February 28, 2005 1 3 3
87 March 31, 2005 1 4 4
88 April 30, 2005 2 4 4
89 May 31, 2005 2 4 4
90 June 30, 2005 2 1 1
91 July 31, 2005 3 1 1
92 August 31, 2005 3 1 1
93 September 30, 2005 3 2 2
94 October 31, 2005 4 2 2
95 November 30, 2005 4 2 2
96 December 31, 2005 4 3 3
97 January 31, 2006 1 3 3
98 February 28, 2006 1 3 3
99 March 31, 2006 1 4 4
100 April 30, 2006 2 4 4
101 May 31, 2006 2 4 4
102 June 30, 2006 2 1 1
103 July 31, 2006 3 1 1
104 August 31, 2006 3 1 1
105 September 30, 2006 3 2 2
106 October 31, 2006 4 2 2
107 November 30, 2006 4 2 2
108 December 31, 2006 4 3 3
MonthSelectionNumber 72
Calander Year No
Fiscal Year - month ending # 5
Datails
ComboBox Link &
Formulas
Cell Name Defined in
Column B
ComboBox month selection Number 72 MonthSelectionNumber
Reports Date December 31, 2003 ReportsDate
Reports Month Number 12 ReportsMonthNumber
Reports Year Number 2003 ReportsYearNumber
Fiscal Year No
Fiscal Year End month Number 5
Calander / Fiscal month list number 65 LastYearMonthListNumber
last Annual Year end report May 31, 2003 LastYearYearEnd
ComboBox MonthSelectionNumber
BS VS Annual 60 CompareMonthNumberBS
Reports Date December 31, 2002 ReportsDate
For the year ended For the year ended December, 31 2003
Quarters
Formula in Column B
ComboBox Cell Link
=INDEX(MonthsList,MonthSelectionNumber)
=MONTH(ReportsDate)
=YEAR(ReportsDate)
=CalanderYear
=FiscalYearMonthNumber
=IF(CalanderYear="yes",MonthSelectionNumber-
ReportsMonthNumber,MonthSelectionNumber-
IF(ReportsMonthNumber<B7,(ReportsMonthNumber+B7),
ReportsMonthNumber-B7))
=INDEX(MonthsList,LastYearMonthListNumber)
ComboBox Cell Link
=INDEX(MonthsList,CompareMonthNumberBS)
Level1 Level2 Level3
Assets Current Assets Cash
Assets Current Assets Accounts Receivable
Assets Current Assets Inventories
Assets Current Assets Other Current Assets
Assets Current Assets Prepaid Expenses
Assets Investments and other Assets Investment in Revenue Bond
Assets Investments and other Assets Patents, Trademarks and Goodwill
Assets Fixed Assets Land & Building
Assets Fixed Assets Machinery and Equipment
Assets Fixed Assets Furniture and Fixtures
Assets Fixed Assets Less: Accumulated Depreciation
Assets Fixed Assets Leasehold Improvements
Equity & Liabilities Current liabilities Current portion of long-term debt
Equity & Liabilities Current liabilities Accounts payable
Equity & Liabilities Current liabilities Accrued expenses - payroll
Equity & Liabilities Current liabilities Other accrued liabilities
Equity & Liabilities Current liabilities Income taxes payable
Equity & Liabilities Current liabilities Other current liabilities
Equity & Liabilities Long-term Liabilities Loans from financial institutions
Equity & Liabilities Long-term Liabilities Current Portion of Long-Term Debt
Equity & Liabilities Long-term Liabilities Equipment Leases Payable
Equity & Liabilities Long-term Liabilities Other long-term liabilities
Equity & Liabilities Long-term Liabilities Deferred tax liabilities
Equity & Liabilities Long-term Liabilities Pension fund loans
Equity & Liabilities Shareholders' Equity Capital Stock
Equity & Liabilities Shareholders' Equity Paid in Capital
Equity & Liabilities Shareholders' Equity Share Premium
Equity & Liabilities Shareholders' Equity Retained earnings
Equity & Liabilities Shareholders' Equity Net profit for the period
Profit & Loss Net Sales Sales
Profit & Loss Cost of Sales Cost of goods sold
Profit & Loss Expenses Research & Development
Profit & Loss Expenses Marketing
Profit & Loss Expenses General & Administration
Profit & Loss Expenses Amortization
Profit & Loss Non Operating Income Non Operating Income
Profit & Loss Non Operating Expenses Non Operating Expenses
Profit & Loss Special Gain ( Loss ) Special Gain ( Loss )
Profit & Loss Income Taxes Income Taxes
Notes # Notes Description
Notes # Notes Title
1 Summary of Sugnificant Accounting Policies
2 Structure of Balance Sheet and Income Statements
3 Transactions with Affiliated and othe Related Parties
4 Currency Translation
5
6
7 Notes & Account Recivable
8 Inventories
9 Prepaid Expenses
10 Property, Plant and equipment
11 Securities
12 Intangible Assets
13
14
15
16
17
18 Stockholder's Equity
19 Earnings Reserves and Retained Profits
20 Sales revenue
21
22
23
24
25
26 Income Taxes
27 Employee Benefit Plan
28
29
30
31
32
33
34
35
36
37
Notes Title Balance Sheet, P&L
Note 1 - Summary of Sugnificant Accounting Policies
Note 2 - Structure of Balance Sheet and Income Statements
Note 3 - Transactions with Affiliated and othe Related Parties
Note 4 - Currency Translation
Note 5 - Cash
Note 6 - Line of Credit
Note 7 - Notes & Account Recivable Accounts Receivable
Note 8 - Inventories Inventories
Note 9 - Prepaid Expenses Prepaid Expenses
Note 10 - Property, Plant and equipment Property and Equipment (at Cost)
Note 11 - Securities Investment in Revenue Bond
Note 12 - Intangible Assets Patents, Trademarks and Goodwill
Note 13 - Accounts Payable
Note 14 - Accrued Expenses
Note 15 - Other Payables
Note 16 - Note Payable
Note 17 - Equipment Leases Payable
Note 18 - Stockholder's Equity Total Stockholder's Equity
Note 19 - Earnings Reserves and Retained Profits Retained Earnings
Note 20 - Sales revenue Sales
Note 21 - Labor And Materials
Note 22 - Selling
Note 23 - General & Administrative
Note 24 - Other Operating Expense
Note 25 - Other income (expense) - net
Note 26 - Income Taxes Provision (benefit) for income taxes
Note 27 - Employee Benefit Plan
Note 28 -
Note 29 -
Note 30 -
Note 31 -
Note 32 -
Financial Assets
Trade and Other Receivables
Issued Capital
Special item with an Equity Portion
Special item for investment Allowances for Fixed Assets
Provosions
Liabilities
Contingent Liabilities
Other Financial Obligations
Derivative Financial Instruments
Decrease / Increas in Inventories of finished Goods and Work in Progress
Work Performed by the Enterprise and Capitalized
Other Operating Income
Raw-Material and Consumables Used
Staff Costs
Depreciation
Other Operatiing Expenses
Income From other investments
Amortization of Financial Assets and Investments Classified as Current Assets
Interest
Income Taxes
Other Information
Account
Number Accout Name BS, P&L Level 3
1011 Checking Account #1 Cash
1012 Checking Account #2 Cash
1021 Payroll Checking Account Cash
1051 Savings Account #1 Cash
1061 Money Market Account #1 Cash
1071 Short Term CD's Cash
1091 Petty Cash Cash
1111 Accounts Receivable Accounts Receivable
1121 Allowance for doubtful accounts Accounts Receivable
1201 Inventories for sale Inventories
1211 Inventories for use Inventories
1301 Prepaid expenses Prepaid Expenses
1560 Patents Patents, Trademarks and Goodwill
1571 Marketable Stocks Investment in Revenue Bond
1811 Land Land & Building
1821 Buildings Land & Building
1831 Tools & Equipment Machinery and Equipment
1841 Office Furninshings & Equip Furniture and Fixtures
1921 Accumulated Depreciated BuildingsLess: Accumulated Depreciation
1931 Accumulated Depreciated Tools/Equipment Less: Accumulated Depreciation
1941 AccumulatedDepreciated Office Equipment Less: Accumulated Depreciation
1991 Depreciated Lease Improvements Less: Accumulated Depreciation
2011 Accounts Payable Accounts Payable
2111 Payroll Liabilities Line of Credit
2113 Employee Soc. Sec. Withholdings Accrued expenses
2118 Company Medicare Liability other Payables
2401 Short Term Loans Current portion of long-term debt
2401 Short Term Loans Less: Current Portion Shown Above
2501 Mortgage Loan Note Payable
2601 Fed deffered income taxes Equipment Leases Payable
2701 Employee Pension Current portion of long-term debt
3001 Capital Stock Capital Stock
3101 Paid in capital Retained earnings
3501 Retained Earnings Retained earnings
4001 Sales Sales
4501 Services Services
4701 Interest Income Other income (expense)
4801 Gain/Loss Sale of Assets Other income (expense)
4901 Other Income Other income (expense)
5001 Materials Materials
5101 Subcontracted Costs Labor & Subcontractors Costs
5201 Labor Labor & Subcontractors Costs
5301 Rental Other Cost of goods sold
5311 Maintenance & Repairs Other Cost of goods sold
5321 Cleaning Other Cost of goods sold
5331 Insurance Other Cost of goods sold
5341 Utilities Other Cost of goods sold
5351 Property Taxes Other Cost of goods sold
5501 Increase / Decrease in Inventories Increase / Decrease in Inventories
6501 Salary & Wages Selling
6511 Commissions Selling
6521 Advertising Selling
6531 Preliminary Designs Selling
6532 Promotional Events Selling
6533 Promotional Literature Selling
6534 Displays/Product Samples Selling
6535 Project Management Personnel Selling
6541 Sales & Marketing Expense-Other Selling
7001 Salary & Wages General & Administrative
7101 Employee Bonuses General & Administrative
7102 Employee Sick Pay General & Administrative
7103 Employee Vacation Pay General & Administrative
7104 Company Paid Medicare (FICA) General & Administrative
7105 Company Paid Soc. Sec. (FICA) General & Administrative
7106 Federal Unemployment Tax (FUTA)General & Administrative
7107 Workers Comp Insurance General & Administrative
7201 Employment Advertising General & Administrative
7202 Recruiting & Hiring General & Administrative
7203 Training & Education General & Administrative
7204 Employee Entertainment General & Administrative
7205 Payroll Service Fees General & Administrative
7301 Accounting Fees General & Administrative
7302 Attorney Fees General & Administrative
7351 Telephone-Answering Service General & Administrative
7352 Telephone-Cellular Service General & Administrative
7353 Telephone-ISDN Line General & Administrative
7354 Telephone-Local Service General & Administrative
7355 Telephone-Long Dist Service General & Administrative
7356 Tolls & Parking General & Administrative
7357 Tool Maintenance & Repairs General & Administrative
7381 Travel General & Administrative
7382 Travel-Airfare General & Administrative
7383 Travel-Car Rental General & Administrative
7384 Travel-Food & Entertainment General & Administrative
7385 Travel-Hotel General & Administrative
7401 Charitable Contributions Other Operating Expense
7501 Computer Software General & Administrative
7502 Consultant-Business General & Administrative
7503 Consultant-Computer General & Administrative
7511 Corporation Fees & Costs General & Administrative
7521 Equipment Lease-Copier General & Administrative
7522 Equipment Lease-Office General & Administrative
7631 Building Maintenance Other Operating Expense
7632 Cleaning Service Other Operating Expense
7633 Equip Maint. & Repairs Other Operating Expense
7634 Misc. Expenses Other Operating Expense
7635 Security Monitoring Other Operating Expense
7636 Utilities Other Operating Expense
7701 Taxes-Business License Other Operating Expense
7702 Taxes-Business Property Other Operating Expense
7901 Depreciation-Buildings Depreciation
8001 Bank Account Finance Charges Interest expense
8002 Bank Account Service Fees Interest expense
9001 Taxes-Corporate Income Provision (benefit) for income taxes
Retained Earnings beginning of the year
Retained Earnings beginning year
BS, P&L Level 2 BS, P&L Level 1 December 2002 December 2003
Current Assets ASSETS 318,697 301,124
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS 1,538,494 1,653,558
Current Assets ASSETS
Current Assets ASSETS 520,133 546,173
Current Assets ASSETS
Current Assets ASSETS 23,659 13,552
Other Assets ASSETS 52,500 52,250
Other Assets ASSETS 300,260 364,321
Property and Equipment (at Cost) ASSETS 677,191 674,019
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS 326,052 386,140
Property and Equipment (at Cost) ASSETS 47,906 59,410
Property and Equipment (at Cost) ASSETS -419540.1 -478852.44
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY 475,284 547,255
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY 500,834 476,783
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY 221,291 234,296
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY 26,937 19,250
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY 39,506 40,252
Long-Term Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY -39506 -40252
Long-Term Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY 840,105 784,273
Long-Term Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY 224,965 185,459
Long-Term Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Stockholder's Equity LIABILITIES AND STOCKHOLDER'S EQUITY 152,623 151,897
Stockholder's Equity LIABILITIES AND STOCKHOLDER'S EQUITY 943,314 1,172,482
Stockholder's Equity LIABILITIES AND STOCKHOLDER'S EQUITY
Revenue Profit & Loss 2,633,626 2,920,093
Revenue Profit & Loss 725,458 955,214
Operating Income (Loss) Profit & Loss 2,521 -32,512
Operating Income (Loss) Profit & Loss
Non Operating Income Profit & Loss
Cost of goods sold Profit & Loss -733,352 -854,521
Cost of goods sold Profit & Loss -536,645 -602,125
Cost of goods sold Profit & Loss 0 0
Cost of goods sold Profit & Loss -350,241 -384,521
Cost of goods sold Profit & Loss 0 0
Cost of goods sold Profit & Loss 0 0
Cost of goods sold Profit & Loss 0 0
Cost of goods sold Profit & Loss 0 0
Cost of goods sold Profit & Loss 0 0
Cost of goods sold Profit & Loss 30,254 26,040
Operating Expenses Profit & Loss -441,256 -480,161
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss -675,992 -758,542
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss -260,887 -275,541
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss 0 0
Operating Expenses Profit & Loss -50,221 -59,312
Operating Income (Loss) Profit & Loss -62,584 -75,421
Operating Income (Loss) Profit & Loss 0 0
Income Taxes Profit & Loss -133,251 -149,523
Net Income (Loss) for the year Profit & Loss 795,884 943,314
Net Income (Loss) for the year Profit & Loss -795,884 -943,314
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Financial Ratios 2003 2002
Liquidity Ratios
Current Ratio 1.91 1.90
Quick Ratio 1.48 1.47
Management Ratios
Inventory Turns 3.32 3.06
Asset Turn 1.09 0.99
Receivable Days 156 167
Profitability Ratios
Return on Assets 6.42% 4.35%
Earnings Per Share 1.51 0.97
Return on Equity 17.30% 13.45%
Return on sales 5.91% 4.39%
Gross Profit Margin 53.16% 52.67%
Leverage Ratios
Debt to Equity 169.69% 208.90%
Debt Ratio 89.38% 95.35%
ASSETS 2003 2002
Current Assets
Cash 301,124 318,697
Accounts Receivable 1,653,558 1,538,494
Inventories 546,173 520,133
Prepaid Expenses 13,552 23,659
Total Current Assets 2,514,407 2,400,983
Property and Equipment (at Cost)
Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610
Other Assets
Investment in Revenue Bond 364,321 300,260
Patents, Trademarks and Goodwill 52,250 52,500
Total Other Assets 416,571 352,760
TOTAL ASSETS 3,571,695 3,385,352
LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities
Line of Credit 476,783 500,834
Current portion of long-term debt 40,252 39,506
Accounts Payable 547,255 475,284
Accrued Expenses 234,296 221,291
Other Payables 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851
Long-Term Liabilities
Note Payable 784,273 840,105
Equipment Leases Payable 185,459 224,965
Less: Current Portion Shown Above(40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564
TOTAL LIABILITIES 2,247,316 2,289,415
Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 3,571,695 3,385,352
December 31
XYZ Corporation Inc.
December 31