Exhibit 18 Statement of Cash Flows for A.O. "Pravda," 1996 (million rubles)

 

 
 

Total

from current activities

from investment activities

from financial activities

1. Beginning cash balance

2. Total cash inflow

operating receipts

capital receipts

government subsidy

credit and loans

dividends and interest

draw from revolving account

3. Total cash outflow

operating expenses

hired labor

payments to social programs

investments

dividend and interest payments

payment to government

scheduled debt payments

deposit to revolving account

4. Ending cash available

18

8892

6200

37

413

2037

20

185

8906

3183

1484

636

2415

33

189

62

404

4

x

6650

6200

37

413

 

x

 

5322

2718

x

x

2415

x

189

 

 

x

x

1999

x

 

 

1999

 

 

430

400

x

x

 

 

x

30

 

x

x

58

x

 

 

38

20

 

130

65

x

x

 

33

x

32

 

x

 

 

 

Exhibit 19 Income Statement of A.O. "Pravda," 1996 (million rubles)

 

 
 

1996

Total Revenue

Total Cost

Gross Profit

Other operating income

Net farm income from operations

Other non-operating farm income

Other non-operating farm expenses

Net farm income

Income tax

Net farm income after tax

5926

5305

621

20

641

1937

1454

1124

50

1074

 

Exhibit 20 U.S. Format Farm BALANCE SHEET

 

Assets

    

Current assets:

Cash/checking account

Marketable securities

Inventories

Corps

Livestock

Supplies

Accounts receivable

Prepaid expenses

Investment in growing crops

Other current assets

Total current assets

Noncurrent assets:

Machinery and equipment

Breeding livestock (purchased)

Breeding livestock (raised)

Buildings & improvements

Land

Other noncurrent assets

Total noncurrent assets

Total assets

 

Liabilities

Current liabilities:

Account payable

Notes payable within 1 year

Current portion of term debt

Accrued interest

Income taxes payable

Current potion - deferred taxes

Other accrued expenses

Total current liabilities

Noncurrent liabilities:

Notes payable

Machinery

Breeding livestock

Real estate debt

Noncurrent portion - deferred taxes

Total noncurrent liabilities

Total liabilities

Owner equity:

Contributed capital

Retained earnings

Valuation adjustment

Total equity

Total liabilities and owner equity

    

 

 

 

Exhibit 21 U.S. Format Farm INCOME STATEMENT

 
   

Revenue:

Cash crop sales

Cash livestock sales

Inventory changes:

Crops

Market livestock

Livestock product sales

Government program payments

Change in value of raised breeding stock

Gain/loss from sale of culled breeding stock

Change in accounts receivable

Other farm income

Total revenue

 

Expenses:

Purchased feed and grain

Purchased market livestock

Other cash operating expenses:

Crop expenses

Livestock expenses

Fuel, oil

Labor

Repairs, maintenance

Property taxes

Insurance

Other: ___________

___________

___________

Adjustments

Accounts payable

Prepaid expenses

Depreciation

Total operating expenses

Cash interest paid

Change in interest payable

Total interest expense

Total expenses

Net farm income from operations

Gain/loss on sale of capital assets:

Machinery

Land

Other

Net farm income

 

  

 

 

 

 

Exhibit 22 U.S. Format Farm CASH FLOW BUDGET

 
       

Beginning cash balance

Operating receipts:

Grain and feed

Feeder livestock

Other

Capital receipts:

Breeding livestock

Machinery and equipment

Other

Nonfarm income:

Wages and salary

Investments

Other

Total cash inflow (add lines 1-12)

Operating expenses:

Seed

Fertilizer and lime

Chemicals

Other crop expenses

Gas, oil, lubricants

Hired labor

Machine hire

Feed and grain

Feeder livestock

Livestock expenses

Repairs-machinery

Repairs-buildings and improvements

Cash rent

Supplies

Property taxes

Insurance

Utilities

Auto and pickup (farm share)

Other farm expenses

Total cash operating expenses

 

 

 

Capital expenditures:

Machinery and equipment

Breeding livestock

Other expenditures:

Family living expenses

Income tax and social security

Other nonfarm expenses

 

Exhibit 22 (cont’d) U.S. Format Farm CASH FLOW BUDGET

 

Scheduled debt payments:

Short-term - principal

- interest

Intermediate- principal

-interest

Long-term- principal

- interest

Total cash outflow (add lines 35-49)

Cash available (lines 13-line 50)

New borrowing

Short term

Intermediate

Long term

Total new borrowing (add lines 52-54)

Payments on new short-term debt:

Principal

Interest

Total debt payments (line56+line57)

Ending cash balance (51+55-58)

Summary of debt outstanding:

Short term

Intermediate

Long term

Total debt outstanding

      

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