Alewin
Venus Research Initiative
Empire Research
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Posted - 2007.12.15 15:13:00 -
[1]
Unfortunately my real life has been increasingly in the way. Combine a very full schedule with problems getting the trinity client to run under wine on linux (I have not been able to get the official client to work either), and my game time has unfortunately been very limited. Business is still profitable, however, and the dividends, although late, will be going out shortly. I do apologize for the tardiness of this update as well. I have no plans to shutdown the business so long as its covering its costs, and I do hope that through this next year I'll be able to scavenge more time to introduce additional revenue streams.
Financials as of November 31:
Balance Sheet
Current Assets (in millions):
Cash: 418
Escrow: 0
Receivables: 0
POS fuel reserve: 350
Production materials: 363
Sales inventory: 3
Fixed Assets:
POS components: 1,611
BPO Library: 311
Total Assets: 3,056
Liabilities (in millions):
Office Rents: 15
Short Term Loans: 155
Net Assets: 2,886
Equity:
Shareholder equity: 2,831
Retained Earnings: 11
Dividends Paid (Salarys and shareholders): 43
Income Statement (in Millions):
Revenue:
POS Slot rentals: 225
BPC Sales: 75
Manufacturing Sales: 0
Total Revenue: 300
Expenses:
POS Fuel: 178
Cost of goods sold: 0
Offices: 15
Alliance Dues: 20
Total Expenses: 213
Gross Profit: 88
Earnings per share: 433.66 isk/share
Dividends were paid December 15th at a rate of $108.42 isk per share (1.08% of original price).
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.
October financial statements for VNRI
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