Alewin
Venus Research Initiative Empire Research
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Posted - 2007.09.06 00:37:00 -
[1]
POS usage was still down in August, although it did show some improvements towards the end of the month. We are currently working towards expansion into the Tech 2 market in the near future, which should help revenues tremendously once production is stepped up. We have secured a much better source of POS fuel that will help to reduce our ongoing costs by a good amount, making it easier to get back to the profit mark going forward.
Financials as of August 31: Balance Sheet Current Assets (in millions): Cash: 138 Escrow: 16 Receivables: 6 POS fuel reserve: 453 Production materials: 363 Sales inventory: 78
Fixed Assets: POS components: 1,573 BPO Library: 296
Total Assets: 2,925
Liabilities (in millions):
Office Rents: 13 Short Term Loans: 155
Net Assets: 2756
Equity: Shareholder equity: 2,756 Retained Earnings: 133 Dividends Paid (Salarys and shareholders): 0
Income Statement (in Millions): Revenue: POS Slot rentals: 112 Manufacturing Sales: 102 Total Revenue: 214
Expenses: POS Fuel: 211 Cost of goods sold: 70 Offices: 13 Alliance Dues: 20 Total Expenses: 314
Gross Profit: -100
Earnings per share: -495.56 isk/share
Shareholder information: VNRI has a total of 800,000 shares authorized. 200,000 shares have been sold in VNRI's opening IPO. 1,800 shares were given as a startup bonus to Alewin. There are currently no plans to distribute any of the remaining shares. Total shares outstanding: 201,800
Salary and dividend policies: All dividends are paid on the 5th of each month. Dividends and Salaries are based on gross profit for the month. All dividends are based strictly on outstanding shares at the time of dividend payment. 25% of the gross profit is paid out as dividend to shareholders. 25% of the gross profit is paid as salary to corp members. The remaining 50% of gross profit is retained for future growth. These numbers may be adjusted from time to time to ensure the stability of the company. Any such changes will have as much notification provided as is practical.
Future: VNRI is in the process of designing both internal and external websites. The internal website will primarily be for production management and will help to more accurately track income and expenses for our financial statements.
July financial statements for VNRI
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