SL Furniture Ltd. Balance Notes Note 1: Inventories 31-Dec 30-Jun 30-Jun 20x4 20x4 20x3 Raw materials $ 315,498 $ 385,778 $ 391,753 Goods in process 627,846 723,335 729,276 Finished goods 528,481 819,779 1,084,077 $1,471,825 $1,928,892 $2,205,106 Note 2: Property, plant and equipment 31-Dec 30-Jun 30-Jun 20x4 20x4 20x3 Cost Accum. Depr. Net Book Value Net Book Value Net Book Value Machinery and equipment $3,157,951 $ 809,689 $2,348,262 $2,300,101 $2,156,150 Furniture and fixtures 236,871 169,718 67,153 86,457 92,145 Computer equipment 784,126 356,728 427,398 451,261 537,597 Automotive equipment 258,461 75,528 182,933 202,841 225,714 $4,437,409 $1,411,663 $3,025,746 $3,040,660 $3,011,606 Note 3: Accounts payable and accrued liabilities 31-Dec 30-Jun 30-Jun 20x4 20x4 20x3
5. Deposits in financial institutions - I, Mr. Walter, of SL Furniture Ltd., of the City of Your City in the Province of Your Province, do swear (or solemnly declare) that this statement and the attached lists are to the best of my knowledge a full, true and complete statement of my affairs on the 30st day of April, 20x5, and fully disclose all property of every description that is in my possession or that may devolve on me in accordance with the Act. 6. Cash - 7. Livestock - 8. Machinery, equipment and plant 1,725,000 9. Real property or immovable as per List "G" - 10. Furniture 25,000 11. RRSPs, RRIFs, life insurance, etc. - SWORN (or SOLEMNLY DECLARED) before me in the Province of Your Province on this __________ day of __________________ 12. Securities (shares, bonds, debentures, etc.) - 13. Interest under wills - 14. Vehicles 135,000 15. Other property, as per List "H" - Amount of subscribed capital - ________________ Commissioner of Oaths for the Province of Your Province ________________________ Signature of bankrupt Amount paid on capital - Assets 2,563,000 Deficiency 1,733,777 List "A" Unsecured Creditors SF Furniture Ltd. No. Name Address Balance ($) 1 Creditor 1 Address 1 2 Creditor 2 Address 2 111.60
3 Creditor 3 Address 3 3,708.80 4 Creditor 4 Address 4 279.37 5 Creditor 5 Address 5 297.65 6 Creditor 6 Address 6 258.72 7 Creditor 7 Address 7 177.03 8 Creditor 8 Address 8 500,000.00 9 Creditor 9 Address 9 2,875.00 10 Creditor 10 Address 10 342.42 11 Creditor 11 Address 11 62,335.00 13 Creditor 12 Address 12 28,975.00 …. Creditors 13 to 331 …. 1,641,060.41 332 Creditor 332 Address 332 87,521.00 333 Creditor 333 Address 333 360.00 Total: 2,328,302 List "B" Secured Creditors SL Furniture Ltd. No. Name When Given Amount of Claim ($) Estimated of Security ($) Estimated Surplus from Security ($) Balance of Claims Unsecured ($) 1 2 3 4 Canada Revenue Agency (Source Deductions) Address 1 ABC Finance Company Address 1 DEF Finance Company Address 1 GHI Finance Company 92,350.00 650,000 475,000 392,800 92,350.00 400,000 225,000 250,000 - - - 250,000 250,000 142,800
Right to Waive or Vary Conditions: The Trustee reserves the right to waive or vary any or all of the conditions herein with regard to the acceptance of any offer. Capacity of Vendor: The Vendor herein acts in its capacity as Trustee and shall have no personal liability under these terms and conditions of sale. DATED AT Your City, this ________th day of __________, 20XX__. ABC Trustee Ltd.