Bridgford Foods Corp | Investor Service

 

1998 Annual Report (Page 5)

Consolidated Balance Sheets

ASSETS
    October 30
1998
    October 31
1997
Current assets:    
  • Cash and cash equivalents
    		•     $22,272,141     $12,377,932
  • Accounts receivable, less allowance for doubtful accounts of $582,787 and $577,156
    		•     12,072,818     11,374,263
  • Inventories
    		•     14,066,898     15,556,750
  • Prepaid expenses
    		•     233,848     137,747
  • Deferred income tax benefits
    		•     1,913,233     1,690,094
       
    		   
    Total current assets     50,558,938     41,136,786

     
    Property, plant and equipment, net of accumulated depreciation of $27,894,827 and $25,432,473     16,197,108     16,853,248
    Other non-current assets     5,297,919     4,571,379
    Deferred income tax benefits     3,738,976     3,102,479
       
    		   
               $75,792,941     $65,663,892

     
    LIABILITIES AND SHAREHOLDERS' EQUITY
        October 30
    1998
    		    October 31
    1997
    Current liabilities:    
  • Accounts payable
    		•     $5,343,725     $5,343,687
  • Accrued payroll and other expenses
    		•     6,373,886     5,927,156
  • Income taxes payable
    		•     1,590,125     183,857
         
    		   
    Total current liabilities     13,307,736     11,454,700

     
    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 - 11,369,812 (Note 7)
    		•     11,426,695     10,393,298
  • Capital in excess of par value
    		•     26,347,123     13,946,359
  • Retained earnings
    		•     13,068,430     20,266,125
         
    		   
          50,842,248     44,605,782
          $75,792,941     $65,663,892

     
    1998 Annual Report: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12