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    Lovely M. Arandia Infinity Wine Company Financial Report

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    Jyno Christian Andrei Bauan
    The financial report summarizes the assets, liabilities, and net assets of Infinity Wine Company for the years 2005 and 2006. Total assets increased from $14.1 million in 2005 to $14.5 million in 2006, with growth in investments, property and equipment, and current assets other than cash. Total liabilities decreased from $1.9 million to $1.7 million over this period. Unrestricted net assets were stable at over $10 million each year, while temporarily restricted net assets increased substantially from $86,000 to over $1 million from 2005 to 2006.

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    Lovely M. Arandia Infinity Wine Company Financial Report

    Uploaded by

    Jyno Christian Andrei Bauan
    6 views2 pages
    The financial report summarizes the assets, liabilities, and net assets of Infinity Wine Company for the years 2005 and 2006. Total assets increased from $14.1 million in 2005 to $14.5 million in 2006, with growth in investments, property and equipment, and current assets other than cash. Total liabilities decreased from $1.9 million to $1.7 million over this period. Unrestricted net assets were stable at over $10 million each year, while temporarily restricted net assets increased substantially from $86,000 to over $1 million from 2005 to 2006.

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    LOVELY M

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    The financial report summarizes the assets, liabilities, and net assets of Infinity Wine Company for the years 2005 and 2006. Total assets increased from $14.1 million in 2005 to $14.5 million in 2006, with growth in investments, property and equipment, and current assets other than cash. Total liabilities decreased from $1.9 million to $1.7 million over this period. Unrestricted net assets were stable at over $10 million each year, while temporarily restricted net assets increased substantially from $86,000 to over $1 million from 2005 to 2006.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views2 pages

    Lovely M. Arandia Infinity Wine Company Financial Report

    Uploaded by

    Jyno Christian Andrei Bauan
    The financial report summarizes the assets, liabilities, and net assets of Infinity Wine Company for the years 2005 and 2006. Total assets increased from $14.1 million in 2005 to $14.5 million in 2006, with growth in investments, property and equipment, and current assets other than cash. Total liabilities decreased from $1.9 million to $1.7 million over this period. Unrestricted net assets were stable at over $10 million each year, while temporarily restricted net assets increased substantially from $86,000 to over $1 million from 2005 to 2006.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    LOVELY M.

    ARANDIA
    INFINITY WINE COMPANY
    FINANCIAL REPORT

    2005

    2006

    ASSETS
    Current Assets
    Cash and cash equivalents
    Accounts receivable
    Grants receivable
    Pledges receivable
    Charitable trust receivable
    Inventory

    $ 863,100
    50,900
    132,000
    208,100
    360,700
    100,600

    $ 181,400
    62,100
    468,500
    536,800
    360,700
    53,600

    Total Current Assets

    1,715,400

    1,663,100

    Other Assets
    Net property and equipment
    Investments
    Deposits

    10,753,600
    1,568,300
    20,800

    11,154,100
    1,642,700
    15,200

    TOTAL ASSETS

    $ 14,058,100

    $ 14,475,100

    LIABILITIES AND NET ASSETS


    Current Liabilities
    Accounts payable and accrued expenses
    Prepaid camp registration fees
    Current portion of notes payable

    $ 307,200
    141,600
    428,200

    $665,000
    175,100
    299,000

    877,000

    1,139,100

    Total Current Liabilities


    Long-term Liabilities
    Notes payable

    984,600

    600,000

    TOTAL LIABILITIES

    1,861,600

    1,739,100

    Net Assets
    Unrestricted
    Undesignated
    Internally designated

    9,407,100
    1,000,000

    9,047,800
    1,000,000

    Total Unrestricted

    10,407,100

    10,047,800

    Temporarily restricted

    86,000

    1,014,800

    Permanently restricted

    1,703,400

    1,673,400

    TOTAL NET ASSETS

    12,196,500

    12,736,000

    TOTAL LIABILITIES AND NET ASSETS

    $ 14,058,100

    $ 14,475,100

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