Do the Afuri Ramen Dumpling financial statements include a balance sheet?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
SKY ACCOUNTANCY CORPORATION
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholder of Afuri Franchise, Inc.
Opinion
We have audited the accompanying financial statements of Afuri Franchise, Inc. (the "Company"), which comprise the balance sheet as of December 31, 2022, and the related statements of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes to the financial statements.
Source: Item 21 — Financial Statements (FDD pages 49–50)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the financial statements include a balance sheet. Specifically, the independent auditor's report states that the audit encompassed the balance sheet as of December 31, 2022, along with related statements of operations, changes in stockholder's equity, and cash flows for the year then ended. This indicates that a balance sheet is a component of Afuri Ramen Dumpling's audited financial statements.
Similarly, the independent auditor's report for the financial statements as of December 31, 2023, also mentions that the audit includes the balance sheet, statements of operations, changes in stockholder's equity, and cash flows. This confirms the consistent inclusion of a balance sheet in the financial reporting for Afuri Ramen Dumpling.
Furthermore, a separate independent auditor's report indicates that the financial statements audited for the years 2021 and 2020 also comprised balance sheets as of December 31, 2021 and 2020, along with statements of operations and stockholder's equity and cash flows. Therefore, prospective franchisees can expect to review balance sheets as part of Afuri Ramen Dumpling's financial disclosures, providing insights into the company's financial position at specific points in time.