Following are select statements from Allied Grape Growers' complete financial statements. If you are an Allied member but do not have a copy of the complete financial statements, you may request them by contacting us at contactus@alliedgrapegrowers.org.
Allied Grape Growers
Balance Sheets
June 30, 2002
and June 30, 2003
2002
2003
Assets
Current Assets:
Cash
$2,468,069
$2,603,851
Accounts Receivable
$104,497
$261,406
Note Receivable
$10,737
$10,737
Prepaid Expenses
$13,893
$27,612
Bulk Wine Inventory
$462,915
$20,982
Deposits
$-
$-
Total Current Assets
$3,060,111
$2,924,588
Property and Equipment,
net
$80,594
$82,891
Total Assets
$3,140,705
$3,007,479
Liabilities and Members'
Equity
Current Liabilities:
Accounts Payable
$41,163
$17,655
Grower Payable
$147,057
$27,624
Accrued Liabilities
Total Current Liabilities
$188,220
$45,279
Members' Equity:
Members' Capital Fund
$2,952,485
$2,962,200
Total Liabilities and
Members' Equity
$3,140,705
$3,007,479
Allied Grape Growers
Statement of
Operations
For the Years
Ended June 30, 2002 and June 30, 2003
2002
2003
Revenue
Related to Pooled Grapes:
Grape and Bulk Wine Sales
$34,390,455
$33,287,257
Grape and Bulk Wine
Service Fees
$720,494
$1,007,136
Allied Revenue
$22,758
$(21,353)
Total Revenue Related to
Grape Sales
$35,133,707
$34,273,040
Interest & Dividend
Income
$143,903
$63,303
Gain on Sale of Property
& Equipment
$3,500
$-
Miscellaneous Income
$6,262
$9,750
Total Revenue:
$35,287,372
$34,346,093
Costs & Expenses
Cost of Sales
$34,390,455
$33,287,257
General &
Administrative Expenses
$934,339
$853,276
Total Costs &
Expenses
$35,324,794
$34,140,533
Income (Loss) Before
Taxes
$(37,422)
$205,560
Provision for Income
Taxes
$800
$800
Net Income (Loss)
$(38,222)
$204,760
Allied Grape Growers
Statement of
Members' Equity
For the Years
Ended June 30, 2002 and June 30, 2003
