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BVI Accounting Package: Reports, Income Statement, Finance Package

The BVI accounting package includes various reports such as income statement, balance sheet, overhead, net contribution by title, A/R aging, prepaid expenses, and more. The finance package provides estimates, revisions, comparative templates, and explanations of variations. The implementation of the new PCS plan resulted in significant savings.

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BVI Accounting Package: Reports, Income Statement, Finance Package

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  1. Index • Income Statement • Accounting Package • Reports on a monthly basis • Reports on a quarterly basis • Finance Package • Accounting Package CTS • Reports CTS • FACE Finance Film Speeds • Burbank Basics • Savings with the new tax plan

  2. INCOME STATEMENT FY03- (LC Reais - Thousands)

  3. Accounting Package • The BVI accounting package comprises the • following reports: • Extracted from FACE • FASB 53 • Balance Sheet   • Income Statement • Overhead (MTD and YTD) • Net Contribution by Title (MTD, YTD and ITD)

  4. Reports manually prepared on a monthly basis • A/R by title • A/R listed by exhibitor and aging* • A/R over 90 days over U$25K* • A/R New (Aging list by exhibitor and explanations for aged over 61 days)* • A/R Barrs (Aging list by exhibitor and breakout of upcoming values and aged over 181 days)* • *(These four templates could be consolidated) • Prepaid Expenses • Parent Company Share (Prior month, monthly activity and actual balance)* • Intercompany ( Parent Company Share activity and Burbank Basics balance)* • *(These two templates could be consolidated) • 9. Non operating Revenue / Expense breakout

  5. Reports manually prepared on a quarterly basis • Fixed Assets (YTD activity and purchase details)* • Fixed Assets (quarter activity and purchase details)* • *(These two templates could be consolidated) • Other Taxes Payable • Bank Template (only cash amount)

  6. FINANCE PACKAGE • Revision and inclusion of the estimates for revenue and costs • Revision and inclusion of release dates • Revision and inclusion of Overhead Forecast • Inclusion of new IMDs • Inclusion of Ad Pub budget approved • Inclusion of Burbank Basics estimates • Inclusion of dollar rates • Comparative template by total amounts for the prior forecast, actual forecast and the budget. This comparison is made for the month, the quarter and the year. • Explanations of variations between actual forecast, prior forecast and the budget BY TITLE.

  7. ACCOUNTING PACKAGE CTS • Extracted from J.D. Edwards • J 3 / 4 – Revenue & Costs report • Balance Sheet – Automatically transferred to Home Office through J.D.E • J 5 – Intercompany memo through SWIGS on Lotus Notes

  8. Reports manually prepared on a monthly basis • A/R by exhibitor • Overhead & Travel template • Balance Reconciliations (Revenue, Costs, PCS, Intercompany, PCS aging rollforward, Investments) • Reports manually prepared on a quartely basis • Balance sheet review (Balance Sheet, Cash, Receivables, Intercompany, Depreciation, Fixed Assets, Prepaid expenses)

  9. FACE FINANCE FILM SPEEDS • Please see printed material.

  10. BURBANK BASICS In Local Currency (Reais) – In thousands. FY 03 Budget – 3.857 K FY 03 Actuals – 4.713 K Variation – 856 K FY 04 Budget – 3.522 K FY 04 Forecast (Estimates by R.O.) – 4.832 K Variation – 1.310 K* *(This variation is cause by a system issue that brings Brought Forward amounts in the Budget and not on our Forecast)

  11. Savings with the new PCS plan • The implementation of the new Franchise Agreement in April 2003, wich changed the Parent Company Share from 60% of the Gross Revenues to 85% of the Net Income Before Taxes, provided savings of 1.968 K in FY 03.

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