Aug 11th, 00:52 BIG Beck Investment Group
by Bogart Beck
BIG - Beck Investment Group - July 2008 Financials - Posted 08/10/2008
BIG - Beck Investment Group - July 2008 Financials - Posted 08/10/2008
CEO's Report and Forward Guidance
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Our Asset value grew by just over L$225,000 this month as I continue to rotate free cashflow into our core holdings which are again growing. Net Income was just over L$6,700 - rather than paying the small profit out in a Dividend this month I'll look to reinvest the income to grow the core portfolio.
Monthly shameless plug. I am continuing to look for compelling investment opportunities - keep me posted if you find one that might be a good fit for our Investment strategy.
Please find the July 2008 Income Statement and Balance Sheet for BIG appended below. I will also repost them in the BIG Forum for archival purposes.
Blessings!
Bogart Beck
BIG Chair & CEO
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(SL CapEx: BIG) Beck Investment Group - INCOME STATEMENT
PERIOD ENDING 31-July-08
Revenue
Consolidated Revenue - Products and Services $5,872.13
TOTAL SALES REVENUE $5,872.13
Cost of Sales (or Cost of Goods Sold) GOGS
Sales Commissions Paid on Products and Services $-
Sales Commissions Paid on BIG Investment Fund Sale of Stock $3,765.07
Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $-
(ALL) - Marketing & Advertising Expense (NONE this Period) $-
TOTAL COST OF SALES $3,765.07
Gross Profit (Loss) $2,107.06
Gross Margin (%) 35.88%
Operating Expenses
Research & Development (NONE This Period) $-
General and Administrative (Mgmt & Admin Salaries) $-
Non Recurring (ONE-TIME) (NONE This Period) $-
Others / Miscellaneous (BIG HQ OFC Furniture, etc.) $-
TOTAL OPERATING EXPENSES $-
Operating Income or Loss $2,107.06
Operating Margin (%) 35.88%
Other Income from Continuing Operations
Other Income - (LAND SALES) (NONE This Period) $-
Other Income - Dividends Earned $44,014.66
Interest Earned on DEPOSITS or CD's (Short Term Invest.) $-
Misc. Income - CEO Market Maker Commission Earned $581.06
TOTAL OTHER INCOME $44,595.72
Less Other Expenses (NET) $-
Earnings Before Interest, Taxes, Depreciation, Adjust.(EBITDA) $46,702.78
Less Interest Expense $-
Less Income Tax Expense $-
Less Asset Depreciation (NET From Balance Sheet) $-
Less Other Adjustments $-
NET INCOME FROM CONTINUING OPERATIONS $46,702.78
Other Non-recurring Events
Less Costs for Discontinued Operations $-
Less Asset Impairment (GoodWill write-down) $-
Less Effect Of Accounting Changes $-
Less Other Items $-
NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $46,702.78
% of Revenue 795.33%
Less DISBURSEMENT to Preferred Stock Shareholders $-
% of NIAS 0.00%
Less DIVIDEND to Common Shareholders (L$0.02 /share 07/05/2008) $40,000.00
% of NIAS 85.65%
RETAINED EARNINGS $6,702.78
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(SL CapEx: BIG) Beck Investment Group - BALANCE SHEET
PERIOD ENDING 31-JULY-2008
Assets
Current Assets
Cash And Cash Equivalents $7,823.58
Short Term Investments $-
Net Receivables $-
Other Current Assets $-
Total Current Assets $7,823.58
PLUS
Long Term Invest.(BIG Portfolio) (NPV) (Excludes BIG Shares) $1,347,456.79
Property Plant and Equipment (Hard Assets) $-
Goodwill - NONE $-
Accumulated Amortization - NONE $-
Total Assets $1,355,280.37
Liabilities
Current Liabilities
Accounts Payable $-
Current Portion Due of Long Term Debt $-
Other Current Liabilities $-
Total Current Liabilities $-
PLUS
Long Term Debt $-
Other Liabilities $-
Deferred Long Term Liability Charges $-
Minority Interest $-
Negative Goodwill $-
Total Liabilities $-
Stockholders' Equity
Preferred Stock $-
Common Stock - (BIG - 1.5 M Shares @ L$0.01 /share PAR Value) $15,000.00
Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $6,702.78
Additional PAID-IN Capital $-
Treasury Stock - (BIG - 500,000 Shares @ L$0.01 /share PAR Value) $5,000.00
Capital Surplus $-
Other Stockholder Equity $1,328,577.59
Total Stockholder Equity $1,355,280.37
TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1,355,280.37
CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00
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