CASH
----
Lumen Foods: Hibernia 55,707.70
-------------
TOTAL CASH ................ 55,707.70
CURRENT ASSETS, A/R & INVEN
---------------------------
Accounts Receivable 54,987.43
Short-Term Loans 8,168.45
Inventory 97,533.54
-------------
TOTAL A/R & INVENTORY 160,689.42
TOTAL CURRENT ASSETS 216,397.12
FIXED ASSETS
------------
Fixed Asset: Lumen purch 5,651.94
New Equipment 271,811.21
Vehicles/Transport 32,357.57
Furniture & Fixtures 6,799.25
Less: Fixed Asset Deprec. 266,462.47-
------------
NET EQUIPMENT VALUE 50,157.50
EQUIPMENT & IMPROVEMENTS 50,157.50
REAL PROPERTY
-------------
Property Note: 610 Murry 20,800.00
Less: Total Property Deprec 1,620.59-
------------
TOTAL REAL PROPERTY 19,179.41
DEFERRED CHARGES / DEPOSITS
---------------------------
Utility Deposits 1,200.00
---------
TOTAL DEFERRED CHARGES/DEP 1,200.00
TOTAL ASSETS ....................................... 286,934.03
==========
LIABILITIES & EQUITY
--------------------
Total Current Liabilities 0.00
LONG-TERM DEBT
--------------
Notes - Hibernia Refi 147,814.30
Notes - Gulf Coast Bank 17,901.96
------------
Total Long-Term Liab. 165,716.26
------------
TOTAL LIABILITIES 165,716.26
SHAREHOLDERS EQUITY
-------------------
Balance Beginning of Year 321,500.13-
Capital Contributions 29,072.31
LFC Capital Contributions 348,851.42
Retained Earnings 64,794.17
------------
TOTAL SHAREHOLDERS EQUITY 121,217.77
------------
TOTAL LIABILITIES & EQUITY 286,934.03
==========
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