ASSET
Current Assets
Cash to be deposited 4500
Cash Float 200
Chequing Account 30000
Savings Account 20000
Total Cash 54700
Visa Receivable 175
MC Receivable 100
Amex Receivable 75
Other Credit Receivable 65
Investments 65000
Accounts Receivable 11000
Allowance For Doubtful Accts 500
Prepaid Expenses 1500
Total Current Assets 133115
Inventory Assets
Raw Materials 600
Transitional Materials 0
Finished Goods 6500
Total Inventory Assets 7100
Capital Assets
Leasehold Improvements 150000
Accumulated Amortized Leaseholds 30000
Computer 9500
Accumulated Amortized Computer 1900
Signage 5000
Accumulated Amortized Signage 1000
Equipment 50000
Accumulated Amortized Equipment 10000
Website 5000
Total Capital Assets 262400
Other Non-Current Assets
Goodwill 468985
Incorporation Cost 5000
Total Assets 876600
LIABILITY
Current Liabilities
Accounts Payable 35000
Import Duty Clearing 5000
Bank Loan-Current Portion 6500
Visa Payable 500
MC Payable 500
Amex Payable 500
Other Credit Payable 0
Total Credit Card Payable 1500
Corporate Taxes Payable 4500
Employee Taxes Payable 12000
Deferred Lease Inducement 12000
Sales Tax Payable 15000
Total Current Liabilities 91500
Long Term Liabilities
Bank Loan 1 250000
Bank Loan 2 65000
Bank Loan 3 50000
Loans from Shareholder 15000
Total Long Term Liabilities 380000
TOTAL LIABILITY 471500
EQUITY
Share Capital
Common Shares 100
Preferred Shares 200000
Retained Earnings
Retained Earnings Prev Yr 110000
Current Earnings 95000
Total Retained Earnings 205000
TOTAL EQUITY 405100
LIABILITIES AND EQUITY 876600
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About Me
- coffeeco
- Richard Ottenhof Kingston, Ontario, Canada I established Multatuli Coffee Merchants in 1997, specializing in the roasting and wholesale distribution of Organic Coffee. Most recently, I founded coffeeco, three retail espresso bars in Kingston Ontario. I have roasted over a million pounds of coffee (old school...no computer roasting) and am certified by the Barista Guild of America and the Specialty Coffee Association of America as a Lead Instructor. I have served as a member of the SCAA Skill Building Courses Subcommittee and am a certified Barista Competition Technical Judge. In my spare time I am a Certified Stone Mason, an avid canoe tripper, an aspiring cyclist and a serial renovator.