What was the accumulated other comprehensive income for Aunt Millies Bakeries on September 30, 2024?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
ncome (loss) - Effective Portion | - | (281,013) | | Gain recognized in net income - Ineffective portion | 239,862 | 177,184 |
NOTE 14 - RELATED PARTY TRANSACTIONS
The Company has subordinated debt through stockholders and has various leases with related parties. Refer to Note 5 and Note 6 for further information of the related party debt and lease transactions, respectively.
NOTE 15 - STOCKHOLDERS' EQUITY
Changes in stockholders' equity for the years ended September 30, 2024 and 2023 is as follows:
| Noting Non- | Non-voting Common Stock ser Amount 23,254 141,327 | Contributed Capital 8,070,989 | Accumulated Other Comprehensive Income 841,826 556,711 (281,013) 1,117,524 1,117,524 | Retained Earnings (Accumulated Deficit) (2,751,414) $ 14,199,697 - (4,946,915) 6,5
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, the accumulated other comprehensive income as of September 30, 2024, was $1,398,589. This figure represents the total of unrealized gains and losses on available-for-sale securities, changes in benefit plans, and income on interest rate swaps that have not yet been realized through a transaction. These amounts are tracked separately from net income and contribute to the overall equity of the company.
For a prospective Aunt Millies Bakeries franchisee, understanding this number in isolation may not be particularly useful. However, it is a component of the overall financial health of Perfection Bakeries, Inc., which is the parent company. A consistently positive accumulated other comprehensive income suggests effective management of financial risks and opportunities related to marketable securities and other comprehensive items.
It's important to note that this figure is part of the consolidated financial statements for Perfection Bakeries, Inc., which includes its subsidiaries. Therefore, the accumulated other comprehensive income reflects the financial activities of the entire group, not just the Aunt Millies Bakeries operations. Franchisees should consider this within the broader context of the company's financial performance and stability.
To gain a deeper understanding, a potential franchisee should review the complete audited financial statements and notes, paying close attention to the trends in accumulated other comprehensive income over several years. Additionally, discussing these figures with a financial advisor can provide valuable insights into the implications for the franchise investment.