Notes to Financial Statements. 15 8 144 INDEPENDENT AUDITORS' REPORT The Partners Parker & Parsley 88-A, L.P. (A Delaware Limited Partnership): We have audited the balance sheet of Parker & Parsley 88-A, L.P. as of December 31, 1998, and the related statements of operations, partners' capital and cash flows for the year then ended. These financial statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Parker & Parsley 88-A, L.P. as of December 31, 1998, and the results of its operations and its cash flows for the year then ended in conformity with generally accepted accounting principles. Ernst & Young LLP Dallas, Texas March 15, 1999 9 145 INDEPENDENT AUDITORS' REPORT The Partners Parker & Parsley 88-A, L.P. (A Delaware Limited Partnership): We have audited the financial statements of Parker & Parsley 88-A, L.P. as of December 31, 1997, and the related statements of operations, partners' capital and cash flows for the years ended December 31, 1997 and 1996. These financial statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial stateme...
Notes to Financial Statements. 7 ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS PARKER & PARSLEY 82-I, LTD. (A TEXAS LIMITED PARTNERSHIP) BALANCE SHEETS ASSETS JUNE 30, DECEMBER 31, 1999 1998 ----------- ------------ (UNAUDITED) Current assets: Cash...................................................... $ 45,923 $ 44,427 Accounts receivable -- oil and gas sales.................. 53,781 36,699 ----------- ----------- Total current assets.............................. 99,704 81,126 ----------- ----------- Oil and gas properties -- at cost, based on the successful efforts accounting method................................. 9,884,775 9,885,470 Accumulated depletion....................................... (9,573,517) (9,492,068) ----------- ----------- Net oil and gas properties........................ 311,258 393,402 ----------- ----------- $ 410,962 $ 474,528 =========== =========== LIABILITIES AND PARTNERS' CAPITAL Current liabilities: Accounts payable -- affiliate............................. $ 17,968 $ 12,288 Partners' capital: General partners.......................................... 145,939 150,932 Limited partners (4,891 interests)........................ 247,055 311,308 ----------- ----------- 392,994 462,240 ----------- ----------- $ 410,962 $ 474,528 =========== =========== The financial information included as of June 30, 1999 has been prepared by management without audit by independent public accountants. The accompanying notes are an integral part of these financial statements. 3 126 PARKER & PARSLEY 82-I, LTD. (A TEXAS LIMITED PARTNERSHIP) STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, ------------------- ------------------- 1999 1998 1999 1998 -------- -------- -------- -------- Revenues: Oil and gas...................................... $101,099 $ 86,663 $186,502 $205,570 Interest......................................... 529 1,202 1,037 2,519 Gain on disposition of assets.................... -- 199 -- 199 -------- -------- -------- -------- 101,628 88,064 187,539 208,288 -------- -------- -------- -------- Costs and expenses: Oil and gas production........................... 75,833 100,496 150,511 175,267 General and administrative.......
Notes to Financial Statements. All audited financial statements of the Parent Group Members that are consolidated to include the Borrowers will contain notes clearly stating that (A) all of the Assets are owned by the Borrowers and (B) each Borrower is a separate legal entity.
Notes to Financial Statements. (ERNST & YOUNG LOGO) - ERNST & YOUNG LLP - Phone:(612)343-1000 220 South Sixth Street, Ste 1400 xxx.xx.xom Xxxxxxxxxxx, XX 00000-0000 Report of Indepenxxxx Xxxxxxxx Xxx Xxxxx xf Directors Jasc Software, Inc. We have audited the accompanying balance sheets of Jasc Software, Inc. as of December 31, 2003 and 2002, and the related statements of income, changes in stockholders' equity, and cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Jasc Software, Inc. as of December 31, 2003 and 2002, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States. /s/ Ernst & Young LLP January 30, 2004 A Member Practice of Ernst & Young Global Jasc Software, Inc. Balance Sheets DECEMBER 31 ------------------------- 2003 2002 ----------- ----------- ASSETS Current assets: Cash and cash equivalents $ 867,667 $ 802,375 Accounts receivable (less allowances for uncollectible accounts and product returns totaling $2,033,000 in 2003 and $613,000 in 2002) 7,935,331 7,055,901 Note receivable 60,000 -- Inventories 1,161,846 460,392 Prepaid expenses 1,139,067 335,234 ----------- ----------- Total current assets 11,163,911 8,653,902 Property and equipment: Equipment and software 3,545,408 3,218,391 Leasehold improvements 236,019 236,019 ----------- ----------- 3,781,427 3,454,410 Less accumulated depreciation and amortization (3,046,287) (2,581,881) ----------- ----------- 735,140 872,529 Restricted cash -- 30,000 Deposits 43,324 55,113 Other assets, net 52,150 73,009 Acquired t...
Notes to Financial Statements. 7 ITEM 2.MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.................. 8 PART II. OTHER INFORMATION ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.................... 11 27.1 Financial Data Schedule Signatures............................................. 12 PART I. FINANCIAL INFORMATION
Notes to Financial Statements. 7 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS................. 8
Notes to Financial Statements. DECEMBER 31, 1994 ---------- The Brazilian Investment Fund, Inc. (the "Fund") was incorporated on November 7, 1990, and is registered as a non-diversified, closed- end management investment company under the Investment Company Act of 1940, as amended. The Fund's common stock is not registered under the Securities Act of 1933. The Fund makes its investments in Brazil through an investment fund established in compliance with Brazilian law. The accompanying financial statements are prepared on a consolidated basis and present the financial position and results of operations of the investment fund and the Fund.
Notes to Financial Statements. Class A Class C -------------------------------------------- ---------------------------------------- Year Ended September 30, Year Ended September 30, -------------------------------------------- ---------------------------------------- 2008 2007 2008 2007 -------------------------------------------------------------------------------------------------------------------------- Maryland Fund Shares Amount Shares Amount Shares Amount Shares Amount -------------------------------------------------------------------------------------------------------------------------- Net proceeds from sales of shares 211,218 $ 1,863,670 53,182 $ 416,313 31,267 $ 243,465 1,307 $ 10,051 -------------------------------------------------------------------------------------------------------------------------- Investment of dividends 92,898 724,740 99,211 775,081 1,825 14,222 1,299 10,172 -------------------------------------------------------------------------------------------------------------------------- Exchanged from associated funds 68,339 308,416 15,172 119,404 -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- Converted from Class D* -- -- -- -- 140,142 1,097,308 -- -- -------------------------------------------------------------------------------------------------------------------------- Investment of gain distributions 1,273 9,906 25,465 200,846 18 137 406 3,210 -------------------------------------------------------------------------------------------------------------------------- Total 373,728 2,906,732 193,030 1,511,644 173,252 1,355,132 3,012 23,433 -------------------------------------------------------------------------------------------------------------------------- Cost of shares repurchased (368,809) (2,870,618) (361,585) (2,828,091) (16,470) (128,089) (19,289) (151,332) -------------------------------------------------------------------------------------------------------------------------- Exchanged into associated funds (36,328) (283,051) (3,324) (25,776) -- -- -- -- -------------------------------------------------------------------------------------------------------------------------- Total (405,137) (3,153,669) (364,909) (2,853,867) (16,470) (128,089) (19,289) (151,332) -------------------------------------------------------------------------------------------------------------------------- Increase (decrease) (31,409) $ (246,937) (171,879) $(1,342,223) 156,782 $1,...
Notes to Financial Statements. 1. Significant Accounting Policies Xxxxxxxxxxx International Growth Fund (the Fund) is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. The Fund's investment objective is to seek long-term capital appreciation. The Fund's investment advisor is OppenheimerFunds, Inc. (the Manager). The Fund offers Class A, Class B, Class C and Class N shares. Class A shares are sold at their offering price, which is normally net asset value plus a front-end sales charge. Class B, Class C and Class N shares are sold without a front-end sales charge but may be subject to a contingent deferred sales charge (CDSC). Class N shares are sold only through retirement plans. Retirement plans that offer Class N shares may impose charges on those accounts. All classes of shares have identical rights to earnings, assets and voting privileges, except that each class has its own expenses directly attributable to that class and exclusive voting rights with respect to matters affecting that class. Classes A, B, C and N have separate distribution and/or service plans. Class B shares will automatically convert to Class A shares six years after the date of purchase. Beginning September 1, 2001, the Fund assesses a 2% fee on the proceeds of Fund shares that are redeemed (either by selling or exchanging to another Xxxxxxxxxxx fund) within 30 days of their purchase. The following is a summary of significant accounting policies consistently followed by the Fund. -------------------------------------------------------------------------------- Securities Valuation. Securities listed or traded on National Stock Exchanges or other domestic or foreign exchanges are valued based on the last sale price of the security traded on that exchange prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the closing bid and asked prices, and if not, at the closing bid price. Securities (including restricted securities) for which quotations are not readily available are valued primarily using dealer-supplied valuations, a portfolio pricing service authorized by the Board of Trustees, or at their fair value. Fair value is determined in good faith under consistently applied procedures under the supervision of the Board of Trustees. Short-term "money market type" debt securities with remaining maturities of sixty days or less are va...
Notes to Financial Statements. 5-7 [LETTERHEAD OF XXXXXXX & XXXXXXX] ACCOUNTANTS' REVIEW REPORT Board of Directors International Information Technology, Inc. Coral Gables, Florida We have reviewed the accompanying balance sheet of International Information Technology, Inc. as of June 30, 1998, and the related statements of income and retained earnings, and cash flows for the six months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of International Information Technology, Inc. A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles. /s/ Xxxxxxx & Xxxxxxx CERTIFIED PUBLIC ACCOUNTANTS Coral Gables, Florida July 30, 1998 INTERNATIONAL INFORMATION TECHNOLOGY, INC. BALANCE SHEET JUNE 30, 1998 ASSETS CURRENT ASSETS Cash $ 147,495 Trade accounts receivable 813,753 Due from related company in Venezuela 106,876 Other current assets 29,968 ---------- TOTAL CURRENT ASSETS 1,098,092 PROPERTY AND EQUIPMENT Furniture and fixtures 27,884 Computer equipment 50,087 ---------- 77,971 Less accumulated depreciation (25,570) ---------- 52,401 SECURITY DEPOSITS 11,613 ---------- $1,162,106 ---------- ---------- LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Trade accounts payable and accrued expenses $ 686,016 Income taxes payable 106,689 Unsecured loan payable to stockholder, non-interest bearing 22,284 Deferred income taxes 26,389 ---------- TOTAL CURRENT LIABILITIES 841,378 STOCKHOLDERS' EQUITY Capital stock, $1 par value per share, authorized issued and outstanding 1,000 shares 1,000 Retained Earnings 319,728 ---------- 320,728 ---------- $1,162,106 ---------- ---------- The accompanying notes are an integral part of these financial statements. INTERNATIONAL INFORMATION TECHNOLOGY, INC. STATEMENT OF INCOME AND RETAINED EARNINGS For the six months ended June 30, 1998 Re...
