Balance sheet 2014

Page 1

ORGANO GOLD Balance Sheet

Country:

MEXICO

IN MXP Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

%

Dec

***ASSETS*** CURRENT ASSETS Cash on Hand and Banks

36,730,473

46,690,463

53,388,701

50,116,040

40,908,171

42,728,956

35,982,925

45,087,102

44,906,881

54,613,050

51,085,533

63,940,794

Accounts Receivable

14,127,935

11,610,869

18,289,231

20,461,542

21,317,795

20,400,179

21,802,004

23,429,685

25,491,687

25,838,092

26,727,682

19,273,213

Merchants Receivable

-

Due From OG Canada

-

16,290,425

16,290,425

16,290,425

16,290,425

22,713,525

22,713,525

22,713,525

22,713,525

22,713,525

22,713,525

22,713,525

22,713,525

155,429,793

155,429,793

155,429,793

155,429,793

155,429,793

155,429,793

155,429,793

155,429,793

155,429,793

155,429,793

155,429,793

155,429,793

Inventory

23,075,399

16,611,370

9,502,760

12,192,268

12,959,727

17,864,486

13,379,255

8,309,215

4,633,244

5,282,640

3,569,613

5,066,434

Prepayments

53,203,144

56,676,894

61,269,845

63,628,919

66,359,672

18,110,429

17,970,656

17,596,411

17,927,167

17,846,633

17,564,885

17,446,858

Due From OG USA

Other current assets

16,298,863

17,954,131

18,211,863

19,552,724

20,426,014

45,983,353

43,759,432

43,876,297

44,237,072

45,790,283

47,305,618

46,800,782

315,156,032

321,263,944

332,382,619

337,671,711

340,114,697

323,230,721

311,037,591

316,442,029

315,339,370

327,514,016

324,396,649

330,671,399

Property, Plant and Equipment

1,884,590

1,884,590

1,953,200

1,992,611

1,992,611

1,992,611

1,992,611

1,992,611

2,002,015

2,322,350

2,334,410

2,375,100

Less: Accumulated Depreciation

(431,347)

(464,485)

(498,202)

(532,144)

(567,072)

(602,000)

(636,686)

(671,173)

(705,659)

(739,706)

(781,481)

(823,694)

TOTAL CURRENT ASSETS NON-CURRENT ASSETS

Intangible Assets

-

Other non-current assets

-

TOTAL NON-CURRENT ASSETS TOTAL ASSETS

-

1,453,243

1,420,105

1,454,998

1,460,466

1,425,539

1,390,611

1,355,925

1,321,438

1,296,356

1,582,643

1,552,929

1,551,406

316,609,275

322,684,049

333,837,616

339,132,177

341,540,236

324,621,332

312,393,515

317,763,467

316,635,725

329,096,659

325,949,578

332,222,805

143,793,395

143,879,626

145,743,689

148,193,404

125,545,461

111,399,314

109,885,472

112,525,435

117,355,774

117,869,384

117,219,813

***LIABILITIES AND SHAREHOLDERS' EQUITY*** CURRENT LIABILITIES Accounts Payable Commission Payable

Due to OG Canada Due to OG USA TOTAL CURRENT LIABILITIES

139,461,699 -

-

-

-

-

-

-

-

5,747,799

865,086

1,881,967

2,869,570

2,849,627

3,873,373

865,086

1,937,450

865,086

2,890,343

865,086

865,086

23,034,192

23,265,483

24,791,714

24,791,714

22,913,270

28,682,019

34,743,173

42,561,744

46,564,769

51,329,826

55,476,916

60,652,780

168,243,691

167,923,964

170,553,306

173,404,972

173,956,301

158,100,853

147,007,573

154,384,667

159,955,289

171,575,943

174,211,385

178,737,680

NON-CURRENT LIABILITIES Long Term Payable

-

Other Long Term Payable

-

TOTAL NON-CURRENT LIABILITIES

-

-

-

-

-

-

-

-

-

-

-

-

SHAREHOLDERS' EQUITY Share Capital Retained Earnings, Beginning Net Income TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (Assets = Liabities + Shareholders' Equity)

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

50,000

139,691,717

139,691,717

139,691,717

139,691,717

139,691,717

139,691,717

139,691,717

139,691,717

139,691,717

139,691,717

139,691,717

139,691,717

8,623,866

15,018,368

23,542,593

25,985,488

27,842,218

26,778,763

25,644,226

23,637,082

16,938,719

17,778,999

11,996,476

13,743,409

148,365,584

154,760,085

163,284,310

165,727,205

167,583,935

166,520,480

165,385,943

163,378,799

156,680,436

157,520,716

151,738,193

153,485,126

316,609,274

322,684,049

333,837,616

339,132,177

341,540,236

324,621,332

312,393,516

317,763,466

316,635,725

329,096,659

325,949,578

332,222,805

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