Archbishop Industries
Amarr Archbishop Industries Incorporated
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Posted - 2011.09.03 23:14:00 -
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Edited by: Archbishop Industries on 03/09/2011 23:14:59
PERIOD 001 - 08/15 to 08/31 - REPORT Archbishop Industries has completed it's first period (which was actually a two-week half period) since the IPO. Here are the numbers:
INCOME T1 Ship Sales $4,828,343,236 T2 Ship Sales $0 Capital Ship Sales $0 T2 Module Sales $1,124,081,453 Other Sales $0
TOTAL INCOME $5,952,424,689
PRODUCTION COST Ship Minerals $4,446,602,236 T2 Invention & Build Cost$598,144,516 Other Materials $0 Misc Production Expenses$0
TOTAL COST OF GOODS$5,044,746,752
GROSS PROFIT $907,677,937
EXPENSES Office Rent $10,000,000 POS Fuel Cost $25,000,000 Broker Fees & Taxes (1.8%)$107,143,644 Other Fees $0 Salaries $0
TOTAL EXPENSES $142,143,644
NET PROFIT FOR PERIOD$765,534,293
Shareholder Dividend (65%)$497,597,290.40 Praetoria Foundation (0%)$0.00 Salaries (0%) $0.00 Corp Reinvestment (35%) $267,937,002.52
ASSETS Cash $2,766,402,709 Invention Parts $777,985,593 Minerals $5,013,193,552 POS Fuel $739,541,843 T1 Base Parts $598,423,644 T2 Finished Products $264,242,604 T2 Building Parts $3,382,320,539 Ships (T1 & T2) $1,400,649,127
TOTAL INVENTORY ASSETS$14,942,759,610
Corporate Stock $0 Blueprints $2,320,000,000 Standard Freighters $1,600,000,000 Jump Freighters $0 POS Facilities $1,791,865,000
TOTAL FIXED ASSETS$5,711,865,000
TOTAL CURRENT ASSETS$20,654,624,610
CORPORATE NET WORTH $20,654,624,610
DIVIDEND PAYMENTS $650,704,148.98
PERIOD END NET WORTH $20,003,920,460.82
Total Ships Sold: 562 Total T2 Modules Sold: 1271
SUMMARY
Our first period (half-period) went pretty well. Prices on some minerals and materials dropped half way thru the period which resulted in a decrease in net corp worth below $20b however by cancelling salary payments and the payment to the Praetoria Foundation this period and reinvesting that money we stayed above $20b corp value. I plan to ammend the charter document to provide for this as a regular process when corp value falls below the $20b threshold I've set.
To explain how this happens I'll describe how I keep the books. At the start of a period I have a brand new spreadsheet for the period complete with the final market prices from the previous period for things like minerals, parts, etc. At period end I then create a second sheet with updated prices for the period end. This is how the corp value can actually fluctuate during the month. I find this is the most accurate way of obtaining a real profit/loss number.
Overall this half-period was a good start for Archbishop Industries and I'm hoping for big things in Period 002. I've identified a few items I plan to stop selling as they weren't big profit makers. Tech II module profit was 46.79% while Tech I Ship profit was only 7.91% (still respectable for ships). My goal for Period 002 (9/1-9/30) is $8b in sales and a net profit of $900m. I put alot into this first period which is why it was so high. I think $8b a month overall is a good minimum to shoot for. We'll see how it goes.
Archbishop Industries
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