Bridgford Foods Corp | Investor Service

 

1997 Annual Report (Page 5)

Consolidated Balance Sheets

ASSETS
    October 31
1997
    November 1
1996
Current assets:    
  • Cash and cash equivalents
    		•     $12,377,932     $6,343,022
  • Accounts receivable, less allowance for doubtful accounts of $577,156 and $503,584
    		•     11,374,263     10,007,141
  • Inventories
    		•     15,556,750     15,603,912
  • Prepaid expenses
    		•     137,747     343,846
  • Deferred income tax benefits
    		•     1,690,094     1,573,510
       
    		   
    Total current assets     41,136,786     33,871,431

     
    Property, plant and equipment, net of accumulated depreciation of $27,894,827 and $25,432,473     16,853,248     17,854,524
    Other non-current assets     4,571,379     3,543,082
    Deferred income tax benefits     3,102,479     3,008,911
       
    		   
               $65,663,892     $58,277,948

     
    LIABILITIES AND SHAREHOLDERS' EQUITY
        October 31
    1997
    		    November 1
    1996
    Current liabilities:    
  • Accounts payable
    		•     $5,343,687     $4,464,855
  • Accrued payroll and other expenses
    		•     5,927,156     5,047,140
  • Income taxes payable
    		•     183,857     113,318
         
    		   
    Total current liabilities     11,454,700     9,625,313
    Non-current liabilities     9,603,410     8,396,944

     
    Contingencies and commitments (Note 6) Shareholders' equity:        
  • Preferred stock, without par value
    Authorized - 1,000,000 shares
    Issued and outstand - none
    Common stock, $1.00 par value
    Authorized - 20,000,000 shares
    Issued and outstand - 10,336,415 and 9,396,933 shares (Note 7)
    		•     10,393,298     9,453,816
  • Capital in excess of par value
    		•     13,946,359     3,024,881
  • Retained earnings
    		•     20,266,125     27,776,994
         
    		   
          44,605,782     40,255,691
          $65,663,892     $58,277,948

     
    1997 Annual Report: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12