NuCo, Inc.NuCo, Inc.The Leader In Photographic RestorationThe Leader In Photographic Restoration

A Closer LookA Closer LookFor The Year Ended December 31, 2001For The Year Ended December 31, 2001

NuCo, Inc.NuCo, Inc.The Leader in Photographic RestorationThe Leader in Photographic Restoration

A Brief IntroductionA Brief Introduction NuCo, Inc. is a new company NuCo, Inc. is a new company

specializing in restoring old photos and specializing in restoring old photos and films, while occasionally selling frames. films, while occasionally selling frames. The company provides service to their The company provides service to their customers. customers.

For an example of a Photographic For an example of a Photographic Restoration service, check out… Restoration service, check out… http://http://www.photorestorations.com.auwww.photorestorations.com.au//

Section OneSection One

NuCo, Inc.NuCo, Inc.Income StatementIncome Statement

For The Year Ended December 31, 2001For The Year Ended December 31, 2001

Income StatementIncome StatementFor The Year Ended December 31, 2001For The Year Ended December 31, 2001

Gross Margin = $46,100.00Gross Margin = $46,100.00– Total Revenue = $52,100.00Total Revenue = $52,100.00– Cost of Goods Sold = $-6,000.00Cost of Goods Sold = $-6,000.00

Net Operating Income = $21,960.00Net Operating Income = $21,960.00– Net Income Before Taxes = $36,600.00Net Income Before Taxes = $36,600.00

EBIT = $37,100.00EBIT = $37,100.00 Interest Expense = $-500.00Interest Expense = $-500.00

– Income Tax Expense = $-14,640.00Income Tax Expense = $-14,640.00

Section TwoSection Two

NuCo, Inc.NuCo, Inc.Balance SheetBalance Sheet

For The Year Ended December 31, 2001For The Year Ended December 31, 2001

Balance SheetBalance SheetFor The Year Ended December 31, 2001For The Year Ended December 31, 2001

Total Assets = $Total Assets = $161,360.00161,360.00– Total Current Assets = $61,360.00Total Current Assets = $61,360.00– Total Long-Term Assets = $100,000.00Total Long-Term Assets = $100,000.00

Liabilities & StockHolder’s Equity = Liabilities & StockHolder’s Equity = $161,360.00$161,360.00– Total Liabilities = $45,400.00Total Liabilities = $45,400.00– Total Stockholder’s Equity = $115,960.00Total Stockholder’s Equity = $115,960.00

Total Assets = Liabilities + Owner’s EquityTotal Assets = Liabilities + Owner’s Equity– $$161,360.00 = 161,360.00 = $45,400.00 + $115,960.00$45,400.00 + $115,960.00– $$161,360.00 = 161,360.00 = $$161,360.00161,360.00

Section ThreeSection Three

NuCo, Inc.NuCo, Inc.RatiosRatios

For The Year Ended December 31, 2001For The Year Ended December 31, 2001

RatiosRatiosFor The Year Ended December 31, 2001For The Year Ended December 31, 2001

Debt Ratio = 28%Debt Ratio = 28% Equity Ratio = 72%Equity Ratio = 72% Gross Profit Ratio = 88%Gross Profit Ratio = 88% Profit Margin = 42%Profit Margin = 42% Return on Assets = 14%Return on Assets = 14% Return on Equity = 19%Return on Equity = 19% Dividend Payout = 27%Dividend Payout = 27%

THE ENDTHE ENDThat’s All Folks!!!That’s All Folks!!!