Autogenerated by XSLT stylesheet Created by Charles Hoffman, CPA, UBmatrix: 2008-03-15 The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Financial Highlights (in US Dollars) 2007 2006 2005 2004 2003 Revenues, Net Income (Loss) from Continuing Operations Net Income (Loss) (b) Cash Flow Provided by (used in) Operating Activities, Net Capital Additions Average Number of Employees (a) COMMENTS: (a). (b). The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Consolidated Balance Sheets (Commercial and Industrial, Classified Balance Sheet) (in US Dollars) As of December 31, 2007 2006 ASSETS Current Assets Cash and Cash Equivalents Receivables, Net of allowance of and in 2004 and 2003, respectively Inventory Prepaid Expenses Other Assets, Current Assets, Current Noncurrent Assets Land Buildings, Net Furniture and Fixtures, Net Other Property, Plant, and Equipment, Net Investment in Affiliates Other Assets, Noncurrent Assets, Noncurrent Assets LIABILITIES AND EQUITY Current Liabilities Accounts Payable Accrued Interest Payable Accrued Expenses Other Payables and Accruals Long-Term Debt, Current Other Liabilities, Current Liabilities, Current Noncurrent Liabilities Long-Term Debt, Noncurrent Other Liabilities, Noncurrent Liabilities, Noncurrent Equity Class A Preferred Stock; $ par value, authorized shares; shares issued and outstanding; liquidation preference Class B Preferred Stock; $ par value, authorized shares; shares issued and outstanding; liquidation preference Class A Common Stock; $ par value, authorized shares; shares issued and outstanding Class B Common Stock; $ par value, authorized shares; shares issued and outstanding Additional Paid in Capital Retained Earnings (Accumulated Losses) Equity Liabilities and Equity The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Consolidated Balance Sheets (Depository and Lending Institutions, Unclassified Balance Sheet) (in US Dollars) As of December 31, 2007 2006 ASSETS Loans Investments Investment in Affiliates Property, Plant, and Equipment, Net Receivables, Net of allowance of XXXX and XXXX in 2004 and 2003, respectively Other Assets Assets LIABILITIES AND EQUITY LIABILITIES Deposits Payables and Accruals Long-Term Debt, Current Other Liabilities Liabilities EQUITY Preferred Stock; $0.00 par value, authorized X,XXX,XXX shares; XXX,XXX shares issued and outstanding; liquidation preference Common Stock; $0.00 par value, authorized X,XXX,XXX shares; XXX,XXX shares issued and outstanding Additional Paid in Capital Retained Earnings (Accumulated Losses) Equity Liabilities and Equity ]]> The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Consolidated Income Statements (Commercial and Industrial, Multi-Step Income Statement) (in US Dollars) For Year Ended December 31, 2007 2006 Revenues, Net Cost of Sales Gross Profit (Loss) Operating Expenses Operating Income Operating Income (Loss) Interest Expense (Income) Other Nonoperating Expenses (Income) Income (Loss) from Continuing Operations Before Income Taxes Income Tax Expense (Benefit) Income (Loss) from Continuing Operations Income (Loss) from Discontinued Operations, Net Net Income (Loss) Earnings per share: Basic The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Consolidated Income Statements (Depository and Lending Institutions) (in US Dollars) For Year Ended December 31, 2007 2006 Interest Income, Net: Interest Income (Financial Institutions) Interest Expenses (Financial Institutions) Interest Income (Expenses), Net (Financial Institutions) Fees and Commissions, Net: Fees and Commission Income Fees and Commission Expense Fees and Commissions, Net Operating Income (Loss) Nonoperating Income and Expenses: Interest Expense (Income) Other Nonoperating Expenses (Income) Nonoperating Income (Loss) Income (Loss) from Continuing Operations Before Income Taxes Income Tax Expense (Benefit) Income (Loss) from Continuing Operations Income (Loss) from Discontinued Operations, Net Net Income (Loss) Earnings per share: Basic ]]> The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Consolidated Cash Flow Statement (Commercial and Industrial, Direct Cash Flow Statement) (in US Dollars) For Year Ended December 31, 2007 2006 Cash Flow Provided by (used in) Operating Activities, Net Proceeds from Collection of Revenues Payments of Operating Expenses Payments of Interest Cash Flows Provided by (used in) Operating Activities, Net Cash Flow Provided by (used in) Investing Activities, Net Payments for Purchases of Property, Plant, and Equipment Proceeds from Sale of Property Plant and Equipment Cash Flows Provided by (used in) Investing Activities, Net Cash Flow Provided by (used in) Financing Activities, Net Payments of Long-Term Debt Proceeds from Additional Long-Term Debt Cash Flow Provided by (used in) Financing Activities, Net Cash Flow, Net Cash and Cash Equivalents, Beginning Balance Cash and Cash Equivalents, Ending Balance The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Consolidated Cash Flow Statement (Commercial and Industrial, Indirect Cash Flow Statement) (in US Dollars) For Year Ended December 31, 2007 2006 Cash Flow Provided by (used in) Operating Activities, Net Net Income (Loss) Depreciation and Amortization Minority Interest in Net Income (Loss), Net Other Adjustments to Reconcile Net Income (Loss) to Cash Provided by (used in) Operations Income (Loss) from Continuing Operations (Increase) Decrease in Receivables, Net (Increase) Decrease in Inventory (Increase) Decrease in Prepaid Expenses (Increase) Decrease in Other Assets, Current Increase (Decrease) in Accounts Payable Increase (Decrease) in Accrued Expenses Increase (Decrease) in Other Liabilities, Current Proceeds from Income Taxes Refunded Payment of Income Taxes Other Cash Flow from (used in) Other Operating Activities Cash Flow Provided by (used in) Operating Activities, Net Cash Flow Provided by (used in) Investing Activities, Net Payments for Purchases of Property, Plant, and Equipment Proceeds from Sale of Property Plant and Equipment Cash Flows Provided by (used in) Investing Activities, Net Cash Flow Provided by (used in) Financing Activities, Net Payments of Long-Term Debt Proceeds from Additional Long-Term Debt Cash Flow Provided by (used in) Financing Activities, Net Cash Flow, Net Cash and Cash Equivalents, Beginning Balance Cash and Cash Equivalents, Ending Balance The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Consolidated Cash Flow Statement (Depository and Lending Institutions, Direct Cash Flow Statement) (in US Dollars) For Year Ended December 31, 2007 2006 Cash Flow Provided by (used in) Operating Activities, Net Proceeds from Collection of Interest Income Proceeds from Collection of Fees and Commissions Payments of Operating Expenses Payments of Interest Cash Flows Provided by (used in) Operating Activities, Net Cash Flow Provided by (used in) Investing Activities, Net Payments for Purchases of Property, Plant, and Equipment Proceeds from Sale of Property Plant and Equipment Cash Flows Provided by (used in) Investing Activities, Net Cash Flow Provided by (used in) Financing Activities, Net Payments of Long-Term Debt Proceeds from Additional Long-Term Debt Cash Flow Provided by (used in) Financing Activities, Net Cash Flow, Net Cash and Cash Equivalents, Beginning Balance Cash and Cash Equivalents, Ending Balance ]]> The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Consolidated Statement of Changes in Equity (in US Dollars, except for shares) Preferred Stock (Shares) Common Stock (Shares) Preferred Stock Common Stock Additional Paid in Capital Retained Earnings (Accumulated Losses) Equity Balance at December 31, 2005 Net Income (Loss) Dividends Paid Preferred Stock Issued Common Stock Issued Stock Options Exercised Preferred Stock Buybacks Other Increase (Decrease) Balance at December 31, 2006, Previously Reported Correction of an Error Change in Accounting Policy Balance at December 31, 2006, Restated Net Income (Loss) Dividends paid Preferred Stock Issued Common Stock Issued Stock Options Exercised Preferred Stock Buybacks Other Increase (Decrease) Balance at December 31, 2007 The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 1. GENERAL Nature of Business Reclassification of Financial Statement Items Number of Employees The entity had and employees in 2007 and 2006, respectively. 2. SIGNIFICANT ACCOUNTING POLICIES The following is a summary of the more significant accounting policies of ABC Company, Inc. Cash and Cash Equivalents Policies Receivables Policies Inventories Policies Prepaid Expenses Policies Property, Plant and Equipment Policies Measurement Basis Depreciation Method Estimated Useful Life Other Assets Policies The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 Payables and Accruals Policies Debt Policies Long-Term Debt Other Liabilities Policies Equity Policies Common Stock Preferred Stock Additional Paid in Capital Retained Earnings (Accumulated Losses) Income Taxes Policies Other Accounting Policies The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 3. PROPERTY, PLANT AND EQUIPMENT Land Buildings, Net Furniture and Fixtures, Net Other Property, Plant, and Equipment, Net Property, Plant, and Equipment, Net Balance at December 31, 2005 Additions Disposals Translation Difference Other Increase (Decrease) Balance at December 31, 2006 Additions Disposals Translation Difference Other Increase (Decrease) Balance at December 31, 2007 The following is a summary of leasehold land and buildings as of December 31, 2007 and 2006: Leasehold Location Description Tenure Tenure Start Date Land Area 2007 Value (at Cost) 2006 Value (at Cost) Total 4. INCOME TAXES The following is a breakdown of income taxes into their current and deferred portions: As of December 31, 2007 2006 CURRENT Foreign Domestic Current DEFERRED Foreign Domestic Deferred Income Tax Expense (Benefit) The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 5. DEBT The following is a summary of maturities of long-term debt for the company as of December 31, 2004: Current 2006 2007 2008 2009 Thereafter Long-Term Debt The following is details of long-term debt for the company: As of December 31, 2007 2006 Long-Term Debt Long-Term Debt, Current Long-Term Debt, Noncurrent The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 6. BUSINESS SEGMENTS The following is information about the business segments: 2007 Business Segment One Business Segment Two Eliminations Consolidated REVENUES External Sales Inter-segment sales Revenue, Net RESULT Segment result Unallocated Corporate Expenses Income (Loss) from Continuing Operations Income (Loss) from Affiliates Income (Loss) from Investments Income (Loss) from Continuing Operations Before Income Taxes Inome Tax Expense (Benefit) Net Income (Loss) BALANCE SHEET Assets Segment Assets Investment in Affiliates Unallocated Corporate Assets Consolidated Assets Liabilities Segment Liabilities Unallocated Corporate Liabilities Consolidated Liabilities OTHER INFORMATION Depreciation Amortisation Capital Additions Impairment Losses (Reversals) Recognized in Income Number of employees at end of year The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 7. EQUITY The following is a summary of shares authorized for each class of preferred and common stock which was outstanding as of December 31: As of December 31, 2007 2006 Authorized: Preferred Stock: Common Stock: 8. SHARE OWNERSHIP PLANS Awards: Outstanding Outstanding Type 2006 Granted Forfeited Exercised Expired 2007 The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 9. SUBSEQUENT EVENTS The following is a summary of subsequent events for the company: The event occurred on . The event occurred on . 10. RELATED PARTY TRANSACTIONS The following is a summary of related party of the company and transactions with those related parties: Related Parties: Name of Related Party Type of Relationship Nature of Relationship Transactions with Related Parties: Party Transaction Description Pricing Policy Amount The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 11. DIRECTOR COMPENSATION The following is a summary of director compensation: Name of Director Salary Bonus Director Fee Total Salary, Bonus, Directors Fee Fair Value of Options Granted Total 12. OTHER MATTERS Reconciliation of Cash The following is a reconciliation of cash and cash equivalents reported on the balance sheet to cash and cash equivalents reported on the cash flow statement: 2007 2006 Cash and Cash Equivalents, per Balance Sheet Cash and Cash Equivalents, per Cash Flow Statement The accompanying notes are an integral part of these financial statements. ABC Company, Inc. Notes to the Consolidated Financial Statements December 31, 2007 and 2006 12. OTHER MATTERS (continued) Portfolio of Investments The following is detail of the portfolio of investments of the company: Shares Description Moody's Rating S & P Rating Value 2007 SHORT-TERM INVESTMENTS United States USA Total Investments 2007 Shares Description Moody's Rating S & P Rating Value 2006 SHORT-TERM INVESTMENTS United States USA Total Investments 2006 Sales Analysis The following is an analysis of revenue for the company for the period ended December 31, 2007. The analysis shows sales by customer ID for the company and for the consolidated total. Note that all sales are after elimination of inter-segment transactions. Customer ID Amount Note that total revenues is shown in three places. Here in the sales analysis, on the business segment breakdown, and on the consolidated income statement. In all three places this is the SAME CONCEPT. The dimensions "shape shift" using default dimensions to take to proper form, depending where the concept with that context shows up. (MD&A) ABC Company, Inc. Management Discussion and Analysis December 31, 2007 and 2006 MANAGEMENT DISCUSSION AND ANALYSIS