CASH
----
Lumen Foods: Hibernia 71,294.16
-------------
TOTAL CASH ................ 71,294.16
CURRENT ASSETS, A/R & INVEN
---------------------------
Accounts Receivable 44,146.14
Short-Term Loans 761.68
Inventory 99,285.30
-------------
TOTAL A/R & INVENTORY 144,193.12
TOTAL CURRENT ASSETS 215,487.28
FIXED ASSETS
------------
Fixed Asset: Lumen purch 5,651.94
New Equipment 266,836.21
Vehicles/Transport 25,392.19
Furniture & Fixtures 6.799.25
Less: Fixed Asset Deprec. 266,462.47-
------------
NET EQUIPMENT VALUE 38,217.12
EQUIPMENT & IMPROVEMENTS 38,217.12
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 ....................................... 274,083.81
==========
LIABILITIES & EQUITY
--------------------
Total Current Liabilities 0.00
LONG-TERM DEBT
--------------
Notes - Hibernia Refi 155,574.33
Notes - Gulf Coast Bank 62,085.88
------------
Total Long-Term Liab. 217,660.21
------------
TOTAL LIABILITIES 217,660.21
SHAREHOLDERS EQUITY
-------------------
Balance Beginning of Year 170,636.03-
Capital Contributions 29,072.31
LFC Capital Contributions 348,851.42
Retained Earnings 150,864.10-
------------
TOTAL SHAREHOLDERS EQUITY 56,423.60
------------
TOTAL LIABILITIES & EQUITY 274,083.81
==========
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