Dilemma Company

Statement of Financial Position

31-Dec-20

ASSETS
CURRENT ASSETS
Cash 800,000.00
Financial Assets at Fair Value 440,000.00
Trade and other receivable 700,000.00
Inventory 1,000,000.00
Prepaid Expense 160,000.00
TOTAL CURRENT ASSETS 3,100,000.00

Non Current Asset

PPE 6,700,000.00
Intangible Assets 200,000.00
Total 6,900,000.00
TOTAL ASSETS 10,000,000.00

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
Trade and other payables 1,200,000.00
TOTAL CURRENT LIABILITIES 1,200,000.00

NON-CURRENT LIABILITIES
Bonds payable, due Apr 1, 2023 1,800,000.00
Notes payable to bank, due July 1, 2022 250,000.00
TOTAL NON-CURRENT LIABILITIES 2,050,000.00

SHAREHOLDERS' EQUITY
Share Capital, P100 par
30,000 3,000,000.00
40,000
Reserves 250,000.00
Retained Earnings 3,750,000.00
Treasury shares acquired at cost (250,000.00)
Total SHE 6,750,000.00
TOTAL LIABILITIES AND SHE 10,000,000.00
Notes Notes
1 AR 750,000.00
ADA (50,000.00)
700,000.00
1
2 LAND 500,000.00
BUILDING 5,000,000.00
M&E 1,200,000.00
6,700,000.00

2 3 PATENT 200,000.00
3

4 AP 900,000.00
Accrued Exp 150,000.00
Accrued Intere 50,000.00
Contingent Liab 100,000.00
4 1,200,000.00

5 Bond Pay'l 2,000,000.00

5 Discount on b (200,000.00)
1,800,000.00

6 Treasury Shre 250,000.00

7 Unadjusted Balance 4,000,000.00

Cancellation of contigency 150,000.00
Accrued Inte - bonds (50,000.00)
Appropriated Treasury (250,000.00)
Actual loss on lawsuit (100,000.00)
3,750,000.00
 Socorro Company
Statement of Financial Position
31-Dec-20

ASSETS
CURRENT ASSETS
Cash and cash equivalents 700.00
Trade and other receivable 700.00
Prepaid Supplies 50.00
Inventory 600.00
TOTAL CURRENT ASSETS 2,050.00

Non Current Asset

PPE 4,150.00
Lonterm Investment 1,000.00
Invest Prop 500.00
Intangible asset 550.00
ONCA 450.00
Total NCA 6,650.00
TOTAL ASSETSTotal 8,700.00

CURRENT LIABILIABILITIES AND SHAREHOLDERS' EQUITY

Trade and other payables 820.00

Serial bond payable 100.00
TOTAL CURRENT LIABILITIES 920.00
NON-CURRENT LIABILITIES

Bonds payable, due Apr 1, 2023 400.00

Unearned leasehold 280.00
TOTAL NON-CURRENT LIABILITIES 680.00
SHAREHOLDERS' EQUITY

Share Capital, P100 par 5,150.00

Reserves 1,050.00
RE 1,200.00
Treasury shares acquired at cost (300.00)
Total SHE 7,100.00
TOTAL LIABILITIES AND SHE 8,700.00
Notes Notes

1 1 Cash 1,000.00
2 Res cash (300.00)
700.00

2 Rec 750.00
ADA (50.00)
700.00
3
3 Land 400.00
Building 3,500.00
4 Adep - B (500.00) 3,000.00
5 Equip 1,000.00
Adep - Eq (250.00) 750.00
4,150.00

4 Trademark 300
Patent 250
550
6
5 Adv to officers 150
Restricted cash 300
450

6 AP 500
7 Np 100
Int Pay'l 150
Unearned leasehold income 70
820
8 7 unearned 350.00
9 (70.00)
10 280.00

8 Capital Issued 5,000.00

Stock Div Payl 150.00
 5,150.00

9 Share prem 250.00

RE- Appro plant exp 500.00
RE- Appro TS 300.00
1,050.00

10 RE - Unappro 1,500.00
TS (300.00)
1,200.00
350/5yrs