Fort Walton Beach Resolution — 82-22-Ind Revenue Bonds-Gator Distributors — reading text

392, 820 832, 846 Accounts payable - Trade 74, 507 322, 147 Covenants Not to Compete - Current Maturities Note 7 153, 000 153, 000 Obligations Under capital Lease Note 6 73 54 corporate Income Taxes payable Note 12 301, 799 Accrued Taxes payable Note 10 154, 852 162, 427' Other Accrued Expenses Note 11 136, 004 123, 409 Total current Liabilities 1, 220, 590 1, 651, 127 Long Term Liabilities Notes payable Note 9 938, 7~ 1 1 , 174 , 4 28 Covenants Not to compete Note 7 304, 583 459, 000 Ob1~ gation Under capital Lease Note 6 836, 821 836, 893 Deferred Income Taxes Note 13 56, 200 53, 500 Total Long Term Liabilities 2, 136, 305 2, 523, 821 stockholders' E~ uity Exhibit C 718, 222 315, 173 Total Liabilities and stockholders' Equity 4, 075, 117 4, 490, 121 The accompanying Notes to Financial statements are an integral part ' of ,this statement. 2  o o Gator Distributors, Inc. Pensacola, Florida Schedule of Cost of Goods Sold Schedule B- 1 for the Years Ended December 31, 1981 and 1980 Ye~ r Ended December 31, 1981 1980 Inventory - January 1, 602, 333 1, 134, 769 Add: purchases 9, 122, 678 8, 404, 236 Goods Available for Sale 9, 725, 011 9, 539, 005 Less: . Inventory December 31, ( Note 4) 526, 447 602, 333 Cost of Merchandise Sold 9, 198, 564 8, 936, 672 Add: other Direct Costs Freight - Common carrier 240, 508 412, 338 Freight - Gator Transports 172, 598 171, 121 state Beverage Tax 1, 816, 389 1, 861, 533 Total other Direct Costs 2, 229, 495 2, 444, 992 cost of Goods Sold 11, 428, 059 11, 381, 664 r The accompanying Notes to Financial Statements are an integral part of this statement. 4  c a j Gator Distributors, Inc. pensacola, Florida supporting schedules I 31, 1981 and 1980 for the Years Ended December I Year 1981 Ended December 31, 1980 J AS Adjusted - Note 6) J warehouse Expenses 27 , 900 27, 900 Amortization of property under capital Lease Depreciation 30, 005 7, 035 25, 861 1, 205 J Janitorial service 1, 705 5, 390 Leasehold Amortization Rent Repairs 14, 200 13, 804 10, 710 16, 381 J 106, 302 105, 050 salaries 6, 171 8, 149 supplies 39 77 utilities 210, 846 197 , 038 Total warehouse Expenses Selling Expenses 22, 900 12, 367 Advertising 4, 131 Beer Licenses cash Short ( OVer) 2, 500 52) 377 7, 465 I 5, 488 Draft Beer supplies 10, 880 12, 740 Memberships and SUbscriptions Dues, Miscellaneous 2, 7 30 4, 571 3, 493 3, 213 I printing, postage and supplies 159, 340 171, 195 Salaries sales promotion 39, 349 42, 043 I 247 , 706 257 , 024 Total Selling Expenses Delivery Expenses 377 , 182 I 399, 165 Salaries 73, 184 126, 364 Truck - Truck - Depreciation Fuel 106, 795 5, 307 114, 093 9, 360 I Truck - Licenses 7, 371 3, 715 Truck - Miscellaneous 1, 638 Truck - Oil 1, 980 67, 576 55, 182 I Tru& - Repairs 21, 542 22, 163 Truck - Tires and Batteries Total Delivery Expenses 732, 444 660 , 173 I I 5 I  o o 1 Schedule B- 2