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Balance Sheet<br />
BALANCE SHEET ($’000)<br />
Year 1 Year 2 Year 3 Year 4 Year 5<br />
ASSETS<br />
Current Assets<br />
Cash 112 207 331 463 591<br />
Account Receivable 0 0 0 0 0<br />
Inventory 6 8 9 10 10<br />
Other 10.4 10.4 10.4 10.4 10.4<br />
Total Current Assets 128 225 351 483 611<br />
Long Term Assets<br />
Net Intangible Fixed assets 10 10 10 10 10<br />
Gross Tangible Fixed assets 40 50 60 70 80<br />
Accumulated depreciation -6 -15 -27 -40 -56<br />
Financial fixed assets 0 0 0 0 0<br />
Total Long Term Assets 44 45 43 40 34<br />
Total Assets 172 270 394 523 645<br />
LIABILITIES & EQUITY<br />
Current Liabilities<br />
Trade creditors 4 5 6 7 7<br />
Other creditors 10 13 14 15 16<br />
Taxes payable 12 24 36 42 41<br />
Short-term notes payables 0 0 0 0 0<br />
Total current liabilities 25 42 56 63 64<br />
Long-term liabilities 0 0 0 0 0<br />
Total liabilities 25 42 56 63 64<br />
Equity<br />
Shareholders equity 99 99 99 99 99<br />
Retained earnings 0 60 141 251 374<br />
Start-up net earnings -13 -13 -13 -13 -13<br />
Net earnings 60 81 110 122 121<br />
Total Equity 147 227 338 460 581<br />
Total Liabilities and Equity 172 270 394 523 645<br />
THE TABLE SHOWS THE ANNUAL BALANCE SHEET RESULTS WITH TOTAL EQUITY<br />
(“NET WORTH “) INCREASING FROM $86,000 IN THE OPENING BALANCE SHEET TO<br />
$581,000 AT THE END OF YEAR 5.<br />
French Bakery, LLC<br />
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