EX-99.2 4 ex99-2.htm Exhibit 99.2

In re  Farmland Foods, Inc

 

Case No. 02-50561

 

 

 

 

 

 

 

 

 

 

 

 

 

MONTHLY OPERATING REPORT SUMMARY

 

FOR THE MONTH OF NOVEMBER, 2003

REVENUE

Gross Income

 $           906,560.19 

Less Cost of Goods Sold

 $           744,471.66 

Materials

 $           744,471.66 

Direct Labor

 - 

Overhead

 $                         -   

Gross Profit

 $        162,088.53 

OPERATING EXPENSES

Owner/Officer-Draws/Salaries

 $                          -   

Other Employee Salaries

 $           131,237.70 

Advertising and Marketing

 $                          -   

Insurance

 $                          -   

Payroll Taxes

 $             11,089.55 

Lease and Rent

 $                          -   

Telephone and Utlities

 $            (71,776.09)

Attorney and other Professional Fees

 $              32,344.68 

UST Quarterly Fees

 $                           -   

Other Expenses

 $        (5,869,450.88)

Total Operating Expenses

 $     (5,766,555.04)

Net Income (Loss)

 $      5,928,643.57 

CURRENT ASSETS

Accounts Receivable at end of month

 $         3,811,503.19 

Increase (Decrease) in AR for month

 $            664,760.55 

Inventory at end of month

 $            848,082.99 

Increase (Decrease) in Inventory for month

 $          (380,537.74)

Cash at end of the month

 $     367,866,548.86 

Increase (Decrease) in Cash for month

 $         5,753,989.88 

LIABILITIES

Increase (Decrease) in pre-petition debt

 $          (241,534.88)

Increase (Decrease) in post-petition debt

 $       (3,790,763.69)

Taxes Payable:

Federal Payroll Taxes

 $            (14,947.00)

State Payroll Taxes

 $                          -   

Local Payroll Taxes

 $                          -   

State Sales Taxes

 $            (17,840.27)

Real Estate and Personal

 $                          -   

Property Taxes

 $            (13,112.00)

Other (footnote)

 $                 (695.76)

Total Taxes Payable

 $            (46,595.03)

Footnote:

Use Tax Payable

 $                 (695.76)