Apr 15th 2012, 21:02 GVC GVConsulting
by Kafka Frugel

GVC 2012 Q1 Financials Posted

2012 Q1

Highlight: Revenues increased 49.9% from last quarter based on introduction of new projects and stable continuation.

Lowlight: Continue to have Accounts Receivable.

Expectation: Maintain stable growth relevant to previously stated dividend projections.

REVENUE L$
CACC Project 375,000.00
CHAT Project 1,500,000.00
PUBA Project 700,000.00
TMS Project 600,000.00
ZWA Project 75,000.00
OPB Project 50,000.00
AIC Project 701,000.00
SEO Project 4,000.00
Rental Income 38,000.00
Dividends N/A
JLS Projects 2,276.00

TOTAL REVENUE 4,045,276.00

EXPENSES L$
Land 246,575.00
Marketing 121,000.00
Salaries 361,000.00
Operations 211,750.00
Equipment 247,250.00
Development (Mesh, etc) 700,000.00
Donations 175,000.00

TOTAL EXPENSES 2,062,575.00

NET PROFIT 1,982,701.00

Retained Earnings 1,375,273.59
Profit (+) 1,982,701.00
Dividends Paid (-) 700,775.14
GVC Dividend Return (+) 365,183.73
Forward Earnings 3,022,383.18

Period Earnings 1,647,109.59

BALANCE SHEET

ASSETS L$
Cash 8,229,115.18
Land 225,000.00
Tech, Equipment 1,309,750.00
Stock 1,063,000.00
SL Buildings, Equipment 125,000.00
Application Development 750,000.00
Accounts Receivable 463,000.00

TOTAL ASSETS 12,164,865.18

LIABILITIES
Accounts Payable 505,575.50

TOTAL LIABILITIES 505,575.50
SHAREHOLDER EQUITY 11,659,289.68