EFTA00727357.pdf

Apes Hill Development. SRI, Income Statement Barbados Dollars (BDS) Company Total For the Twelve Months Ending December M. 2008 Acct Current Month Year to Date Actual Actual Actual Actual Actual Budget vs. Budget Last Year vs. Last Year Actual Budget vs. Budget Last Year vs. Last Year Revenue Guest rounds 406 333.500 (333.500) 1.140.000 (1,140,000) Golf memberships-resident 431 600.000 (600.000) 4.200.000 (4,200,000) Golf member fees-resident 432 45.750 (45.750) 156.000 (156,000) Golf memberslips-non-resident 433 300.000 (300.000) 1.800.000 (1,800,000) Golf member fees-non-resident 430 12,000 (12,000) 36.750 (36,750) Rental equipment 480 30 600 (30.600) 100.000 (100,000) Total Revenue 1 321 650 (1.321.850) 7.432.750 (7.432.750) Sales Revenue Pro shop merchandse sales 445 45,900 (45,900) 150.000 (150.000) Food sales 460 12,240 (12,240) 40.000 (40,000) Beer, wine & liquor sales 465 12,240 (12,240) 40.000 (40,000) Lot sales 470 59.982.548 59.982,548 12,812.915 47,169.633 127.809.655 76,660.000 51,149,65.5 12.812,915 114.996.740 Home sales 472 25 716 000 (25.716.000) Total Sales Revenue 59.982.548 70.380 59.912.168 12.812.915 47.169.633 127.809.655 102.606.000 25.203.655 12.812.915 114.996.740 Cost ol Sales COS-homes 512 (17,744.040) 17,744,040 COS-developed lots 515 (20.352.654) (20.352.654) (4,277.233) (16,075.421) (43,097.903) (25,297.800) (17,800,103) (4.277,233) (38.820.670) COS-sales commissions 520 (3.188.144) (3.188.144) (251.584) (2,936.560) (5,098.848) (3,563.680) (1,535,168) (251,584) (4.847264) COS-Wentworth 521 (630.922) (630.922) (128.129) (502.793) (1,274.381) (1.023.760) (250,621) (128,129) (1.146,251) COS-misc. closing costs 525 (1.368.304) (1.368.304) (375.540) (992.765) (3,354.379) (3.173.656) (180,723) (375,540) (2.978.839) COS-pro shop merchandise 545 (28,458) 28.458 (93.000) 93,000 COS-food 550 (4,896) 4.896 (16.000) 16,000 COS-beer. wine & liquor 555 VIM 4.896 (16,000) 16 000 Total Cost of Sales S2 40.024) (38.250) (25.501.774) (5.032.486) (20.507.538) (52.825.511) (50.927.936) (1.897.574) (5.032.486) (47.793.025) Gross Profil on Sales 34.442.524 1.353.980 33.088.544 7.780.429 26.662.095 74.984.144 59.110.814 15.873.330 7.780.429 67.203.715 Miscellaneous Revenue Real estate commission income 487 2,480 2.480 2.480 617.580 617,580 617,580 Miscellaneous revenue 490 75 75 75 1.425 1,425 1,425 HOA management fees 496 1.000 (1.000) 12.000 (12.000) Total Miscelaneous Revenue 2.555 1.000 1.555 2.555 619.005 12.000 607.005 619.005 Adjusted Gross Revenue 34.445.079 1.354.980 33.090.099 7.780.429 26.664.650 75.603.149 59.122.814 16.480.335 7.780.429 67.822.720 Payroll & Related Expenses Payroll worked 600 362,769 550,234 (187,465) 200.768 162.002 1.811,937 3,953.103 (2(1 0 41161 38 1.001,525 810,412 Payroll overtime 605 27,794 27,000 794 30.481 (2.687) 177.362 278.500 165,403 11,958 PTEB.NIS 615 15,869 64,939 (49,070) 17.297 (1.427) 124.162 496.787 (372,625) 145,390 (21,228) PTEB.group medical 616 1,352 6,200 (4,848) 2.125 (773) 66.300 16,676 5,679 PTEB.pension plan 619 2,126 200 1,926 1.670 456 23 2.6 .384 55 2,400 ( t284 945) 26,525 (2.801) Clothing allowance 620 600 (600) 3.400 Housing allowance 622 6,000 (6,000) 48.000 Travel alowance 623 44.000 (44,000) 48(3:4 Employee meals 625 1,900 (1,900) 7.600 (7,600) Contract labor 635 43,283 34,000 9,283 43283 403.674 408.000 (4,326) 2,484 401,190 Direct sales incentive 639 184277 (184,277) Inter-co payroll allocation 642 (35,224) (51,374) 16.150 (88,180) 52.956 (265,447) (502.127) 236,680 (149,263) (116,184) Payroll expenses capitalized 645 13.560 (180,307) 193.867 (42049) 55.609 (885.891) (1,373,829) 487 938 (358,889) (56 7., 002) 5251 984 Total Payrol & Related Expenses 431.530 459.393 (27.863) 122.111 309.419 1.411.835 3.616.410 (2.204.575) 849.851 Operating Expenses Account:1g & auditing 650 3.500 (3.500) 30.169 42.000 (11,831) 24,865 ,304 Adv. & promo.-polo learn sponse 651 7,508 7,508 1.743.984 (1,736.476) 3263.907 3,263,907 2,971,133 292,774 EFTA00727357  Apes llill Development, SRI, Income Statement Barbados Dollars (BM Company Total For the Twelve Months Ending December 31, 2008 Acct Current Month Year to Date Actual Actual Actual Actual Actual Budget vs. Budget Last Year vs. Last Year Actual Budget vs. Budget Last Year vs. Last Year Adv. & promo.-production costs 652 937 21.000 (20.063) 1.250 (314) 152.779 252.000 (99.221) 142.082 10,697 Adv. & promo.-signs 653 2.462 8.000 (5.538) 2,462 Adv. & promo.-giveaways 654 13.567 17.500 (3,933) 13.567 90.684 266.000 (175.316) 90,684 Adv. & promo.-meals 655 26.378 19.000 7,378 1.771 24.606 65.594 255.000 (189.406) 16.880 48,714 Adv & promo..other 656 2.730 36.000 (33.270) 16.839 (14.108) 235.814 431.000 (195.186) 468.692 (232,879) Adv. & promo.-pnnt media 658 54.950 42.000 12,950 10.046 44.904 271.186 504.000 (232.814) 86.175 185,012 Bank charges & crecht card fees 670 4.931 10.614 (5.683) 1.137 3.794 25.716 53.098 (27.382) 18.372 7,345 Business meals 678 4.112 4.000 112 800 3.312 10.360 48.000 (37.640) 5.849 4,510 Consulting services 681 751,907 (751.907) 1.000,000 1.000.000 765.580 234,420 Currency exchange gain or loss 671 2.000 (2.000) 24.000 (24.000) Currency exchange gain or loss 683 (4.106) (4.106) 4.382 (8.488) 18 18 25.044 (25,026) Decorating 685 400 (400) 400 (400) Dues & subscrptions 690 2.367 10.000 (7.633) 2.367 6.351 149.000 (142.649) 11.366 (5.015) Employee relations 695 5.000 (5.000) 15.000 (15.000) Fertilizer 700 29.241 41.000 (11.759) 13.643 15.598 116.306 396.000 (279.694) 100.070 16,236 Chemicals 703 35.000 (35.000) 308.000 (308.000) Gasoline & fuel 705 5.120 35.200 (30.080) 14 5.106 171.997 358.400 (186.403) 5.090 166,907 Gasoline & fuel pump station gen 706 2.500 (2500) 47.000 (47.000) Laundry 720 500 (500) 4.400 (4.400) Licenses. permits & fees 730 700 (700) 9.351 15.800 (6.449) 6.004 3,346 Linen & rags 735 200 (200) 3.800 (3.800) Mainz. & rep.-bldgs. 740 18 3.200 (3.182) 18 18.955 42.800 (23.845) 55.691 06,7361 Mara. & rep.-equip. 745 5.513 27.800 (22.287) 4.958 556 85.142 260.800 (175.658) 124.726 (39,584) Manz. & rep.-irrigation 750 275 9.400 (9.125) 7.255 (6.980) 54.756 88.800 (34.044) 94.014 (39,257) Manz. & rep-pump station 751 34.000 (34.000) Manz. & rep-pump station gener 752 2.000 (2.000) 24.000 (24.000) Mainz. & rep-grounds 755 5.780 6.000 (220) 1.170 4.610 67.378 72.000 (4.622) 165.861 (98,483) Maint. & rep-vehicles 760 220 1.200 (980) 2.207 (1.987) 21.124 21.500 (376) 7.909 13,215 Mainz. & rep-other 765 251 1.650 (1.399) 251 1.287 19.800 (18.513) 1,287 Miscellaneous expense 775 3.400 150 3,250 154 3.246 5.689 1.800 3.889 7.899 (2,211) Other professional fees 780 17.720 10.000 7.720 17.720 348.151 136.000 212.151 66.906 281,245 Pest control 785 600 (600) 1.326 5.600 (4.274) 3.415 (2,089) Postage. freight & delivery 790 59 14.250 (14.191) 144 (85) 8.218 86.500 (78.282) 9.933 (1,716) Printing & copying 795 11 1.650 (1.639) 224 (213) 32.080 19.800 12.280 651 31,428 Range balls 798 300 10.000 (9.700) 300 Rental-equipment 800 3.441 12.500 (9.059) 3.441 13.532 97.200 (83.668) 1.836 11,696 Rental-GPS 801 8.000 (8.000) 40.000 (40.000) Rental-real estate 805 13.817 15.800 (1.983) 4.887 8.929 174.820 189.600 (14.780) 97.198 77,622 Royally fee 808 30.000 (30.000) Sand. gravel & sod 810 13.000 (13.000) 100.000 (100.000) Security service 815 788 7.700 (6.912) 81 707 6.091 92.400 (86.309) 4.909 1,183 Seed, sod & plants 820 6.400 (6.400) 26.554 68.800 (42.246) 161.753 (135.199) Small tools 825 1.200 (1.200) 14.400 (14.400) Supplies-office 830 24.822 5.750 19,072 8.526 16.296 79.129 71.200 7.929 59.928 19,201 Supplies-other 835 24.866 10.250 14,616 17.656 7.210 270.004 120.500 149.504 319.201 (49,197) Training & development 837 60 (60) 7.342 (7,342) Trash haul 840 1.700 (1.700) 16.400 (16.400) Travel-bdging 845 1.000 (1.000) 2.985 17.000 (14.015) 3.066 (81) Travel-meals 850 800 (800) 569 9.700 (9.131) 21 548 Travel-transportation 855 1.000 (1.000) 5.770 37.500 (31.730) 12.227 (6,457) Travel-other 860 500 (500) 5.024 4.200 824 710 4,314 Uniforms 863 3.495 5.150 (1.655) 3.495 35.212 45.300 (10.088) 6.851 28,361 Utilities-electricity 865 4.833 16.300 (11.467) 4.493 340 69.663 159.600 (89.937) 41.759 27,904 Utilities-gas 870 8 (8) 81 81 123 (421 Utilities-telephoneicable 875 5.792 6.100 (308) 6.905 (1.114) 63.329 73.200 (9.871) 47.123 16.206 Utilities-water & sewer 880 4.890 11.600 (6,710) 6.654 (1.764) 71.452 126.700 (55.248) 22.354 49,097 EFTA00727358  Apes Hill Development. SRI, Income Statement Barbados Dollars (BDS) Company Total For the Twelve Months Ending December M. 2008 Acct Current Month Year to Date Actual Actual Actual Actual Actual Budget vs. Budget Last Year vs. Last Year Actual Budget vs. Budget Last Year vs. Last Year Utilities-inigation water 881 125.000 (125.000) 1.000.000 (1.000.000) Provision for warranty repairs 885 128.580 (128.580) Master HOA subsidy 890 6,300 (6.300) 33.998 (33.998) HOA subsidy 891 8.800 (9800) 132.600 (132.600) Expense allocation in/(out) 895 (13.695) (26,250) 12,555 (3.911) (9.784) (306.486) (318.000) 11.514 (56.588) (249898) Expenses capitalized 897 (18.854) (40.250) 21,396 (41294) 23.039 (541.469) (687280) 145,811 (952,248) 410.779 Management fees 899 10,000 (10,000) 40.000 (40,000) Property insurance 930 10,675 (10,675) 63.776 128.100 (64,324) 9,448 54.328 Gen. Lability & auto insurance 935 4,010 (4,010) 56.362 48.120 8,242 31.349 25.013 Real properly taxes 940 (7.037) 13.000 (20.037) (671) (6.367) 51.712 156.000 (104.288) (671) 52.383 Total Operating Expenses 228.137 600.049 (371.912) 2.564.679 (2.336.542) 6245210 5.980.116 265.094 5.001.900 1.243.310 Operating Income (Loss) 33 785 413 295538 33 489 875 5 093 640 28 691 73 67 946 104 49526288 18419817 1 928 678 66 017 426 Other (Income):Expenses Interest 900 (45.364) (49364) (112977) 67.613 (283.556) (283.556) (321.660) 38.104 Interest 920 376.150 (376.150) 1.059.426 (1.059.426) Depreciation 921 290.127 25.000 265,127 290.127 415.669 300.000 115.669 71.190 344.479 Federal taxes on income 995 30 (30) Total Other (Income),Expenses 244.763 25.000 219.763 263.172 (18.410) 132.113 300.000 (167.887) 808.985 (676.872) Net Income (Loss) 33 540 650 270538 33 270 112 4830 467 28 710 183 67 813 991 49226,288 18 587 704 1.119.693 66 694 298 Statistical Accounts Lots sold 965 32 32 14 18 105 27 78 14 91 Homes sold 967 6 (6) Member rounds 963 700 (700) 2200 (2.200) Guest rounds 961 830 (830) 2.800 (2.800) EFTA00727359