Bridgford Foods Corp | Investor Service

1999 Annual Report

(page 6)

 

Consolidated Balance Sheets (in thousands)

ASSETS   November 1
2002
  November 2
2001
Current assets:        
  Cash and cash equivalents     $10,305     $12,974
  Accounts receivable, less allowance for doubtful        
    accounts of $3,419 and $779 and        
 
promotional allowances of $1,186 and $1,100    12,566   13,182
  Inventories   17,562     19,165
  Prepaid expenses    244     864
  Refundable income taxes    1,737     2,041
  Deferred income taxes   3,999
    2,451
    Total current assets   46,413     50,677
             
Property, plant and equipment, net of        
  accumulated depreciation of $ 39,373        
    and $35,378, respectively   19,030     19,471
  Other non-current assets   8,740     7,649
  Deferred income tax benefits   2,999
    3,441
        $77,182
    $81,238
             
             
             
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:        
  Accounts payable   $3,956   $5,722
  Accrued payroll and other expenses   4,648   5,200
Current portion of non-current liabilities   3,196
  1,730
    Total current liabilities   11,800
  12,652
Non-current liabilities   10,992
    11,251
Contingencies and commitments (Note 6)        
Shareholders' equity:        
  Preferred stock, without par value        
    Authorized - 1,000 shares        
    Issued and outstanding – none        
  Common stock, $1.00 par value        
    Authorized – 20,000 shares        
    Issued and outstanding – 10,448   10,505     10,505
  Capital in excess of par value   17,475     17,475
  Retained earnings   27,776     29,355
  Accumulated comprehensive income (loss)   (1,366)
  -
    Total shareholders’ equity   54,390
    57,335
        $77,182
  $81,238

See accompanying notes to consolidated financial statements.

(page 7)

 


 
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