Alewin
Venus Research Initiative
Empire Research
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Posted - 2007.10.06 22:22:00 -
[1]
It is with great pleasure that I report VNRI is back to showing a profit for September. It has been a rough two months, but we are finally back in the black, and usage of the labs is increasing again. My personal time for the game has been limited lately, which has limited some of the other potential income streams, but with lab usage growing again, that should not adversely impact profitability.
Financials as of September 31:
Balance Sheet
Current Assets (in millions):
Cash: 250
Escrow: 16
Receivables: 0
POS fuel reserve: 541
Production materials: 363
Sales inventory: 19
Fixed Assets:
POS components: 1,573
BPO Library: 296
Total Assets: 3,059
Liabilities (in millions):
Office Rents: 8
Short Term Loans: 155
Net Assets: 2,897
Equity:
Shareholder equity: 2,756
Retained Earnings: 103
Dividends Paid (Salarys and shareholders): 38
Income Statement (in Millions):
Revenue:
POS Slot rentals: 222
BPC Sales: 41
Manufacturing Sales: 27
Total Revenue: 320
Expenses:
POS Fuel: 178
Cost of goods sold: 39
Offices: 8
Alliance Dues: 20
Total Expenses: 244
Gross Profit: 76
Earnings per share: 376.11 isk/share
Dividends were paid October 6th at a rate of $94.03 isk per 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.
August financial statements for VNRI
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