| Case No. 02-50561 | ||||
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| MONTHLY OPERATING REPORT SUMMARY | ||||
| FOR THE MONTH OF JANUARY, 2004 | ||||
REVENUE | |||||
Gross Income | $ 726,255.50 | ||||
Less Cost of Goods Sold | $ 630,983.78 | ||||
Materials | $ 630,983.78 | ||||
Direct Labor | - | ||||
Overhead | $ - | ||||
Gross Profit | $ 95,271.72 | ||||
OPERATING EXPENSES | |||||
Owner/Officer-Draws/Salaries | $ - | ||||
Other Employee Salaries | $ 130,547.96 | ||||
Advertising and Marketing | $ - | ||||
Insurance | |||||
Payroll Taxes | $ 11,131.05 | ||||
Lease and Rent | $ 9,522.87 | ||||
Telephone and Utlities | $ 5,513.10 | ||||
Attorney and other Professional Fees | $ 12,073.55 | ||||
UST Quarterly Fees | $ - | ||||
Other Expenses | $ (1,578,600.61) | ||||
Total Operating Expenses | $ (1,409,812.08) | ||||
Net Income (Loss) | $ 1,505,083.80 | ||||
CURRENT ASSETS | |||||
Accounts Receivable at end of month | $ 3,543,961.25 | ||||
Increase (Decrease) in AR for month | $ 74,661.89 | ||||
Inventory at end of month | $ 945,873.76 | ||||
Increase (Decrease) in Inventory for month | $ 132,574.38 | ||||
Cash at end of the month | $ 370,925,941.02 | ||||
Increase (Decrease) in Cash for month | $ 981,206.78 | ||||
LIABILITIES | |||||
Increase (Decrease) in pre-petition debt | $ (554.70) | ||||
Increase (Decrease) in post-petition debt | $ (662,975.35) | ||||
Taxes Payable: | |||||
Federal Payroll Taxes | $ (14,947.00) | ||||
State Payroll Taxes | $ - | ||||
Local Payroll Taxes | $ - | ||||
State Sales Taxes | $ (14,535.32) | ||||
Real Estate and Personal | $ - | ||||
Property Taxes | $ (3,275.17) | ||||
Other (footnote) | $ (695.76) | ||||
Total Taxes Payable | $ (33,453.25) | ||||
Footnote: | |||||
Use Tax Payable | $ (695.76) | ||||
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8-K Filing
Farmland Industries Inactive 8-KMonthly Operating Report Summary
Filed: 24 Feb 04, 12:00am