HENOK TEKLE WHOLESALE OF CEREALS

STATEMENT OF PROFIT OR LOSS

FOR THE YEAR ENDED JULY 7,2021
Notes Year to Date
Revenues 2B
Income from Rent 7,501,600.00

Total Revenues 7,501,600.00

Cost of Sales 6,459,172.00

Total Cost of Sales 6,459,172.00

Gross Profit 1,042,428.00

Expenses
Leas Rent Expense
Administrative expense 4 119,400.00

Net Income 923,028.00

Profit Tax 305,059.80
Net Income After Tax 617,968.20
HENOK TEKLE WHOLESALE OF CEREALS
STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED JULY 7,2021
ASSETS
Current Assets
Regular Checking Account 199,270.00
Inventory -
Accounts Receivable 1,915,800.00

Total Current Assets 2,115,070.00

Property and Equipment
Building 4,750,292.00
Accum. Depreciation - Building (237,514.60)

Total Property and Equipment 4,512,777.40

Other Assets

Total Other Assets -

Total Assets 6,627,847.40
LIABILITIES AND CAPITAL
Current Liabilities
Profit Tax Payable 305,059.80 -
VAT Payable
Total Current Liabilities 305,059.80
Long-Term Liabilities
Total Long-Term Liabilities -
Total Liabilities 305,059.80
Capital
Paid Up Capital 70,000.00
Retained Earnings 5,634,819.40
Net Income 617,968.20
Total Capital 6,322,787.60
Total Liabilities & Capital 6,627,847.40
HENOK TEKLE WHOLESALE OF CEREALS
Statement of Cash Flow
FOR THE YEAR ENDED JULY 7,2021

Year to Date

Cash Flows from operating activities

Net Income 617,968.20

617,968.20

Accumulated Dep Building -

Prepaid Rent -

Account Receivable (1,915,800.00)

VAT Payable -

Income Taxes Payable -

Pinion Payable -

Current Portion Long-Term Debt -

Total Adjustments (1,915,800.00)

Net Cash provided by Operations (1,297,831.80)

Cash Flows from investing activities

Used For

Net cash used in investing -

Cash Flows from financing activities

Proceeds From

Long Term Debt-Noncurrent -

Beginning Equity 70,000.00

Member's Draw -

Used For

Net cash used in financing 70,000.00

Net increase <decrease> in cash (1,227,831.80)

Summary

Cash Balance at End of Period 199,270.00

Cash Balance at Beg of Period (70,000.00)

Net Increase <Decrease> in Cash 129,270.00

HENOK TEKLE WHOLESALE OF CEREALS

STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED JULY 7,2022

Note
s Year to Date

Revenues 2B

Income from Rent 9,752,080.00

Total Revenues 9,752,080.00

Cost of Sales 8,333,550.00

Total Cost of Sales 8,333,550.00

Gross Profit 1,418,530.00

Expenses

Leas Rent Expense

Adminstrative expense 4 137,150.00

Net Income 1,281,380.00

Profit Tax 430,483.00
Net Income After Tax 850,897.00

HENOK TEKLE WHOLESALE OF CEREALS

STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED JULY 7,2022
ASSETS
Current Assets
Regular Checking Account 92,650.00
Inventory 48,950.00
Accounts Receivable 1,072,300.00
Total Current Assets 1,213,900.00
Property and Equipment
Building 4,750,292.00
Accum. Depreciation - Building (237,514.60)

Total Property and Equipment 4,512,777.40

Other Assets

Total Other Assets -

Total Assets 5,726,677.40

LIABILITIES AND CAPITAL
Current Liabilities
Profit Tax Payable 430,483.00 -
VAT Payable
Total Current Liabilities 430,483.00
Total Long-Term Liabilities -
Total Liabilities 430,483.00
Capital
Paid Up Capital 70,000.00
Retained Earnings 4,375,297.40
Net Income 850,897.00
Total Capital 5,296,194.40
Total Liabilities & Capital 5,726,677.40

HENOK TEKLE WHOLESALE OF CEREALS

Statement of Cash Flow
FOR THE YEAR ENDED JULY 7,2022
 Year to Date

Cash Flows from operating activities

Net Income 850,897.00

850,897.00

Accumulated Dep Building -

Prepaid Rent -
(1,072,300.00
Account Receivable )

VAT Payable -

Income Taxes Payable -

Pinion Payable -

Current Portion Long-Term Debt -

(1,072,300.00
Total Adjustments )

(221,403.00
Net Cash provided by Operations )

Cash Flows from investing activities

Used For

Net cash used in investing -

Beggning Equity 70,000.00

Net cash used in financing 70,000.00

 (151,403.00
Net increase <decrease> in cash )

Summary

Cash Balance at End of Period 92,650.00

(199,270.00
Cash Balance at Beg of Period )
(106,620.00
Net Increase <Decrease> in Cash )

HENOK TEKLE WHOLESALE OF CEREALS

STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED JULY 7,2023

Notes Year to Date

Revenues 2B

Income from Rent 12,690,564.00

Total Revenues 12,690,564.00

Cost of Sales 10,920,390.00

Total Cost of Sales 10,920,390.00

Gross Profit 1,770,174.00

Expenses
Leas Rent Expense

Administrative expense 4 260,310.00

Net Income 1,509,864.00

Profit Tax 510,452.40
Net Income After Tax 999,411.60

HENOK TEKLE WHOLESALE OF CEREALS

STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED JULY 7,2023
ASSETS
Current Assets
172,
Regular Checking Account 000.00
60,
Inventory 200.00
423,
Accounts Receivable 710.00
655
Total Current Assets ,910.00
Property and Equipment
4,750,2
Building 92.00
(237,5
Accum. Depreciation - Building 14.60)

4,512,
Total Property and Equipment 777.40

Total Other Assets -

5,168,
Total Assets 687.40

LIABILITIES AND CAPITAL

Current Liabilities

510,452.
Profit Tax Payable 40 -
510
Total Current Liabilities ,452.40

Total Long-Term Liabilities -

510
Total Liabilities ,452.40
Capital

70,000.0
Paid Up Capital 0
3,588,8
Retained Earnings 23.40
999,4
Net Income 11.60
4,658,
Total Capital 235.00

5,168,
Total Liabilities & Capital 687.40
HENOK TEKLE WHOLESALE OF CEREALS
Statement of Cash Flow
FOR THE YEAR ENDED JULY 7,2023
Year to
Date

Cash Flows from operating activities

999,41
Net Income 1.60
999,41
1.60

Accumulated Dep Building -

Prepaid Rent -
(423,71
Account Receivable 0.00)

VAT Payable -

Income Taxes Payable -

Pension Payable -

Current Portion Long-Term Debt -

(423,71
Total Adjustments 0.00)

575,70
Net Cash provided by Operations 1.60

Cash Flows from investing activities

Used For

Net cash used in investing -

Cash Flows from financing activities

Proceeds From

Long Term Debt-Noncurrent -

70,00
Beginning Equity 0.00

Member's Draw -

Used For

70,00
Net cash used in financing 0.00

645,70
Net increase <decrease> in cash 1.60

Summary
172,00
Cash Balance at End of Period 0.00
(204,53
Cash Balance at Beg of Period 9.24)

(32,53
Net Increase <Decrease> in Cash 9.24)

HENOK TEKLE WHOLESALE OF CEREALS

STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED UP TO OCTOBER 31,2023
Notes Year to Date
Revenues 2B
Income from Rent 4,930,188.00

Total Revenues 4,930,188.00

Cost of Sales 4,243,000.00

Total Cost of Sales 4,243,000.00

Gross Profit 687,188.00

Expenses
Leas Rent Expense
Administrative expense 4 54,500.00

Net Income 632,688.00

Profit Tax 203,440.80
Net Income After Tax 429,247.20

HENOK TEKLE WHOLESALE OF CEREALS

STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED UP TO OCTOBER 31,2023
ASSETS
Current Assets
Regular Checking Account 390,098.08
Inventory 103,200.00
Accounts Receivable 86,200.00
Total Current Assets 579,498.08
Property and Equipment
Building 3,661,374.00
Accum. Depreciation - Building (427,160.30)

Total Property and Equipment 3,234,213.70

Total Other Assets -

Total Assets 3,813,711.78
LIABILITIES AND CAPITAL

Current Liabilities
Profit Tax Payable 203,440.80 -
Total Current Liabilities 203,440.80
Bank Loan From Nib Bank -

Total Long-Term Liabilities -

Total Liabilities 203,440.80
Capital
Paid Up Capital 70,000.00
Retained Earnings 3,111,023.78
Net Income 429,247.20
Total Capital 3,610,270.98
Total Liabilities & Capital 3,813,711.78
HENOK TEKLE WHOLESALE OF
CEREALS
Statement of Cash Flow
FOR THE YEAR ENDED UP TO OCTOBER 31,2023

Year to Date
Cash Flows from operating activities
Net Income 429,247.20
429,247.20
Accumulated Dep Biulding -
Prepaid Rent -
Account Recievable (86,200.00)
VAT Payable -
Income Taxes Payable -
Penion Payable -
Current Portion Long-Term Debt -

Total Adjustments (86,200.00)

Net Cash provided by Operations 343,047.20

Cash Flows from investing activities

Used For
Computer -
Net cash used in investing -
Long Term Debt-Noncurrent -
Beginning Equity 70,000.00
Member's Draw -
Used For
Net cash used in financing 70,000.00

Net increase <decrease> in cash 413,047.20

Summary
Cash Balance at End of Period 390,098.08
Cash Balance at Beg of Period (121,260.00)

Net Increase <Decrease> in Cash 268,838.08