TREND ANALYSIS REPORT ACCRUAL REPORT - Dairy … · Trend Analysis with Ratio Analysis ACCRUAL REPORT George E Mason Printed at 8/ 4/2008 10:19:21 AM Page 2 RATIOS AND EVALUATION

TREND ANALYSIS REPORT

George E Mason ACCRUAL REPORT

Printed at 8/ 4/2008 10:19:13AMPage 1

FINANCIAL CONDITION

Current AssetsIntermediate AssetsLong Term AssetsTOTAL ASSETS

(change +/-)Current LiabilitiesIntermediate LiabilitiesLong Term LiabilitiesTOTAL LIABILITIES

(change +/-)NET WORTH

(change +/-)% NET WORTH

12/31/2007 - CREDITBS 12/31/2007

379,873435,670

1,031,348181,270

34,54437,30270,654

142,5004,000

888,848177,27086.2%

215,80512/31/2006 - CREDITBS 12/31/2006

298,983436,670850,078

24,02940,57473,897

138,500

711,578

83.7%

114,425

EARNINGS TRENDACCRUAL REPORT

Total Business IncomeTotal Business ExpenseNet Business Inc (prtx)+Net NonFarm Inc-Living Expense-Schedule A Interest-Income TaxesNet from Operations+Extraordinary Items+Depreciation+InterestCAPACITY AVAIL forDebt Srvc & New InvestmntScheduled Debt Service Required

12/31/07-EARNINGS 2007 F

526,276346,006180,270

040,000

012,000

128,270378

12,0349,200

149,882

12/31/06-EARNINGS 2006 F

313,208277,76035,44815,00030,000

05,000

15,448340

11,2609,500

36,548

FCS Operating (int only) Other Operating (int only)

00

00

Operating Loss Carryover Other Intermediate FCS Long Term Other Long Term Loans

FCS Intermediate 13,20000

9,00000

22,200

16,00000

6,50000

22,500 Non-Farm LoansTotal Debt Srvc Req

Trend Excess CashTrend Excess AccrualEarned Net Worth ChgUnreconciled Net Worth Chg

FCS ST Loan BalanceFCS LT Loan BalanceData Source & Type

$15,332$127,682

140,3040

67,50074,000

Tax Return - ACC &

$9,348$14,04826,708

050,00077,000

Tax Return - ACC &

Trend Analysis - ACCRUAL REPORT

Trend Analysis with Ratio AnalysisACCRUAL REPORT

George E Mason 10:19:21 AM8/ 4/2008Printed at2Page

RATIOS AND EVALUATION FACTORS12/31/07-EARNINGS 2007

181,2616.25 : 11.78 : 1

16.03%13.82%86.18%

6.55%9.56

16.25 : 1673.44%127,682128,154

180,27015.89%18.68%

0.280.630.020.020.340.565.02

21.99

378378

8,8028,802

68

215,80510.28 : 1

12/31/06-EARNINGS 2006

90,3964.76 : 11.20 : 1

19.46%16.29%83.71%6.86%

9.69

3.81 : 1160.92%

14,04814,008

35,4481.80%2.10%

0.050.850.040.030.110.373.66

26.10

340340

15,32315,323

0

114,4259.95 : 1

LIQUIDITY: Working CapitalCurrent RatioQuick Ratio

LEVERAGE: Leverage Ratio (tot debt/NW)Debt to Asset RatioEquity to Asset RatioBlend Effective Interest RateBlend Capital Debt Term (yr)REPAYMENT CAPACITY: Interest Coverage RatioTerm Debt/Lease Covg RatioCap Repl/Term Debt Margin10 Yr Blend Accrual ExcessPROFITABILITY: Net Business Income% Return on Asset% Return on EquityFINANCIAL EFFICIENCY:

Oper Profit Margin RatioOper Expense RatioDepreciation Expns RatioInterest Expense RatioNet Inc from Oper RatioAsset TurnoverInventory TurnoverDays Accts ReceivableGENERAL: Capital SalesSales for TrendCapital PurchasesPurchases for Trend% Sales Growth

Trading Asset RatioTrading Asset

Trend Analysis with Ratio Analysis

George E Mason 12/31/2007 - CREDIT BS 12/31/2007

1PAGEPrinted 10:18:43AM8/ 4/2008

Balance Sheet - Member with Detail

Statement Date :

CURRENT ASSETS

Cash and Savings 20,555Accounts Receivable 41,000Produce Held for Sale 60,000Produce Held for Farm Use 74,250Prepaid Expenses 20,000Poultry/ Production Livestock 10,000TOTAL CURRENT ASSETS 225,805

CURRENT LIABILITIES

Accounts Payable 1,000FCS Operating Loans 20,000CP of Intermediate Term Loans 10,198CP of Long Term Loans 3,346TOTAL CURRENTLIABILITIES

34,544

ASSETS LIABILITIES

Member Member

INTERMEDIATE ASSETS

295,500Breeding/Dairy Livestock 80,806Machinery/Equipment

3,567Cooperative Stock TOTAL INTERMEDIATEASSETS

379,873

INTERMEDIATE LIABILITIES

FCS Intermediate Term Loans 37,302TOTAL INTERMEDIATELIABILITIES

37,302

LONG TERM ASSETS

Farm Real Estate 320,000Equity in Corporation/Partners 190,670TOTAL LONG TERMASSETS

510,670

LONG TERM LIABILITIES

FCS Long Term Loans 70,654TOTAL LONG TERMLIABILITIES

70,654

$1,116,348 $142,500TOTAL ASSETS TOTAL LIABILITIES

NET WORTH $973,848 PERCENT NET WORTH 87.24%

Endorser/Guarantor on notes of ______________________________ Owed to ___________________ For $ ____________________Any unsatisfied liens/judgements/law suits? yes_____ no_____ Explain:_______________________________________________My (our) signature below certifies that I (we) [ ] have [ ] have not filed bankruptcy in the past 10 years.If yes: chapter __________; date filed _______________; and the current/final disposition is/was ___________________________

I (we) hereby certify that the representations and statements herein were consented to or made directly by me (us) for the purpose of inducing theassociation to make the loan requested, and that all such statements and representations are true. I understand it is a federal offense to knowingly make afalse statement for the purpose of influencing in any way a loan action of a Farm Credit Institution.

Signature _________________________ Date __________ Signature ___________________________ Date __________

Signature _________________________ Date __________ Signature ___________________________ Date __________

Balance Sheet - Member with Detail

Balance Sheet - Member & DetailGeorge E Mason

12/31/2007 - CREDIT BS 12/31/2007 1

8/ 4/2008 10:18:50AMPrintedPage

Statement Date:

Mem ValueItem Comment % Owned

Accounts Receivable

41,000100MILK

41,000TOTALS


Prepaid Expenses

20,000100CARGILL

20,000TOTALS


Cooperative Stock

1,000100ACA

2,567100ARE

3,567TOTALS


Equity in Corporation/Partners

190,67050G&S MASON HOLDING CO

190,670TOTALS

Produce Held for Sale

Mem ValueMem$/UnitCommentProduct Description # Units Ac/Wt/HdUnit Cost %Owned

Corn (bu) Bu. 10,000 1 6.00 0 100 60,000

0 60,000TOTAL

Produce Held for Farm Use


Hay (ton) Tons 300 1 150.00 0 100 45,000Silage, Corn Tons 650 1 45.00 0 100 29,250

0 74,250TOTAL

Poultry/ Production Livestock


Beef Feeders (hd) Head 10 1 1,000.00 0 100 10,000

0 10,000TOTAL

Breeding/Dairy Livestock


Dairy Cows Head 95 1 1,900.00 0 100 180,500Dairy Bred Heifer Head 30 1 1,900.00 0 100 57,000Dairy Yearling Head 30 1 1,000.00 0 100 30,000Dairy Calf Head 40 1 700.00 0 100 28,000

0 295,500TOTAL

Balance Sheet - Member & Detail

Balance Sheet - Member & DetailGeorge E Mason

12/31/2007 - CREDIT BS 12/31/2007 2

8/ 4/2008 10:18:50AMPrintedPage

Statement Date:

Machinery/Equipment

Mem ValueProperty/Make/Kind Add'l Description Cond Cost % OwnedYear Purchased

TRACTOR-JD 4020 GOOD 0 100 9,7201983

TRACTOR- IH 1024 GOOD 0 100 12,1501985

PLOW- IH 5 BOTTOM GOOD 0 100 3,645

HAY RAKE 0 100 648

DISC 0 100 2,592

HAY WAGONS (3) 0 100 1,701

OTHER ME 0 100 28,350

NEW EQUIP PUR 2006 0 100 13,5002006

MOWER- NH 1413 NEW 0 100 8,5002007

0 80,806TOTALS

Farm Real Estate

Mem ValueProperty/Make/Kind Add'l Description Cond Cost % OwnedYear Purchased

HOME FARM 300 AC CLASS 11 SOIL 0 100 320,000

0 320,000TOTALS

Accounts Payable

Mem Value Mem Accr IntCreditor & Account # Rate Freq Payment Next Pay

SMITH FARM SUPPLY 0.000 0 0 1,000 0

1,0000 0TOTALS

FCS Operating Loans

Mem Value Mem Accr IntCreditor & Account # Rate Freq Payment Next Pay

ACA 7.000 12 1,750 20,000 0

20,0001,750 0TOTALS

FCS Intermediate Term Loans

Mem Val Mem Cur Por Mem AccrInt

Creditor & Account # P+I Rate Freq Payment Next Pay

1234567 P/I 7.000 12 1,100 47,500 10,198 0

1,100 47,500 10,198 0TOTALS

FCS Long Term Loans

Mem Val Mem Cur Por Mem AccrInt

Creditor & Account # P+I Rate Freq Payment Next Pay

98765312 P/I 7.800 12 750 74,000 3,346 0

750 74,000 3,346 0TOTALS

Balance Sheet - Member & Detail

Earnings Statement - Cash to Accrual with Adjustments

Statement Date: 01/07-12/07 - ES - EARNINGS 2007

George E Mason

Actual (Front Door)

Cash Basis

10:18:59 AM08/04/2008Printed:

1PAGE

BUSINESS INCOME

Mbr Cash Cash Adjustment AccrualLivestock Products 403,822 403,822 18,600 422,422Crops 31,500 31,500 25,500 57,000Raised Livestock Sold 6,000 6,000 0 6,000Breeding Livestock Sold 15,600 15,600 0 15,600Earned Livestock Inventory Change 0 0 24,500 24,500Refunds 754 754 0 754

457,676 457,676 68,600 526,276Total Business Income

BUSINESS EXPENSES

Mbr Cash Cash Adjustment AccrualChemicals 4,410 4,410 0 4,410Custom Hire 10,980 10,980 0 10,980Depreciation 12,034 0 12,034 12,034Feed Purchased 142,642 142,642 -41,250 101,392Fertilizers and Lime 10,980 10,980 0 10,980Freight and Trucking 17,550 17,550 0 17,550Gasoline, Fuel, and Oil 15,930 15,930 0 15,930Insurance 5,490 5,490 0 5,490Interest Expense 9,200 9,200 0 9,200Labor Hired 56,610 56,610 0 56,610Rent or Lease 5,000 5,000 0 5,000Repairs and Maintenance 25,110 25,110 -2,500 22,610Seeds and Plants Purchased 8,980 8,980 0 8,980Supplies Purchased 22,320 22,320 0 22,320Taxes 5,310 5,310 0 5,310Utilities 9,720 9,720 0 9,720Veterinary, Breeding, and Medicine 16,740 16,740 0 16,740Other Expenses 6,750 6,750 0 6,750Replacement Livestock 4,000 4,000 0 4,000

389,756 377,722 -31,716 346,006Total Business Expenses

67,920Net Business Income 79,954 100,316 180,270

Earnings Statement - Cash to Accrual with Adjustments

Documents

TREND ANALYSIS REPORT ACCRUAL REPORT - Dairy … · Trend Analysis with Ratio Analysis ACCRUAL REPORT George E Mason Printed at 8/ 4/2008 10:19:21 AM Page 2 RATIOS AND EVALUATION