EX-99.2 4 ex99-2.htm Exhibit 99.2

In re  Farmland Foods, Inc

 

Case No. 02-50561

         A Missouri Corporation

 

 

 

 

 

 

 

 

 

 

 

MONTHLY OPERATING REPORT SUMMARY

 

FOR THE MONTH OF AUGUST, 2003

REVENUE

Gross Income

 $    128,323,976.11 

Less Cost of Goods Sold

 $      87,983,801.25 

Materials

 $       85,712,370.03 

Direct Labor

 -  

Overhead

 $         2,271,431.22 

Gross Profit

 $   40,340,174.86 

OPERATING EXPENSES

Owner/Officer-Draws/Salaries

 $                            -  

Other Employee Salaries

 $       16,153,102.16 

Advertising and Marketing

 $         2,382,556.56 

Insurance

 $            281,858.08 

Payroll Taxes

 $         1,056,543.06 

Lease and Rent

 $            114,908.77 

Telephone and Utlities

 $         1,962,954.08 

Attorney and other Professional Fees

 $              37,583.37 

UST Quarterly Fees

 $                            -  

Other Expenses

 $       13,536,278.73 

Total Operating Expenses

 $     35,525,784.81 

Net Income (Loss)

 $       4,814,390.05 

CURRENT ASSETS

Accounts Receivable at end of month

 $        86,807,122.90 

Increase (Decrease) in AR for month

 $        18,465,307.89 

Inventory at end of month

 $        87,072,780.23 

Increase (Decrease) in Inventory for month

 $        (3,845,246.02)

Cash at end of the month

 $        (6,653,567.55)

Increase (Decrease) in Cash for month

 $             947,661.29 

LIABILITIES

Increase (Decrease) in pre-petition debt

 $        (9,459,198.25)

Increase (Decrease) in post-petition debt

 $          2,804,735.20 

Taxes Payable:

Federal Payroll Taxes

 $       (1,121,383.81)

State Payroll Taxes

 $          (145,834.25)

Local Payroll Taxes

 $              (5,372.49)

State Sales Taxes

 $            (31,256.00)

Real Estate and Personal

 $       (1,658,209.00)

Property Taxes

 $              (7,861.32)

Other (footnote)

 $            (41,656.72)

Total Taxes Payable

 $        (3,011,573.59)

Footnote:

Use Tax Payable

 $            (41,656.72)