Free School Financial Statement

Current Assets

Cash and Cash Equivalents:

Accounts Receivable:

Prepaid Expenses:

Inventory:

Total Current Assets:

Non-Current Assets

Property, Plant, and Equipment (net):

Long-term Investments:

Other Non-Current Assets:

Total Non-Current Assets:

Current Liabilities

Accounts Payable:

Accrued Expenses:

Deferred Revenue:

Short-term Loans:

Total Current Liabilities:

Non-Current Liabilities

Long-term Debt:

Other Non-Current Liabilities:

Total Equity:

Retained Earnings:

Capital Contributions:

Total Non-Current Liabilities:

Tuition Fees:

Government Grants:

Donations:

Other Income:

Total Revenues:

Salaries and Wages:

Rent:

Utilities:

Supplies:

Depreciation:

Other Operating Expenses:

Total Expenses:

Adjustments for Non-Cash Items

Depreciation:

Changes in Working Capital

Accounts Receivable:

Accounts Payable:

Inventory:

Net Cash Provided by Operating Activities:

Purchase of Property, Plant, and Equipment:

Proceeds from Sale of Investments:

Net Cash Used in Investing Activities:

Proceeds from Loans:

Repayment of Debt:

Net Cash Provided by Financing Activities:

Net Increase in Cash and Cash Equivalents:

Cash and Cash Equivalents at Beginning of Year:

Cash and Cash Equivalents at End of Year:

Summary of Significant Accounting Policies

Basis of Preparation

The financial statements are prepared in accordance with Generally Accepted Accounting Principles (GAAP) in the United States.

Revenue Recognition

Property, Plant, and Equipment

Use of Estimates

Land:

Buildings:

Equipment:

Less: Accumulated Depreciation:

Net Property, Plant, and Equipment:

Description of Debt:

Interest Rate:

Maturity Date: