For Bb.Q Chicken, what years are covered by the consolidating balance sheets presented in Schedule I?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
--| | Income available to common stockholders - Basic earnings per share | 39,172 | 4,250,000 | $ 0.01 |
Independent Auditor's Report on Consolidating Information December 31, 2024 and 2023
Independent Auditors' Report on Consolidating Information
To the Board of Director and Stockholders of BBDOTQ USA, Inc.:
We have audited the accompanying consolidated financial statements of BBDOTQ USA, Inc and its subsidiaries for the period ended December 31, 2024 and 2023, and our report thereon dated February 24, 2025, which expresses an unqualified opinion on those financial statements, appears on page 1. Our audits were conducted for the purpose of forming an opinion on the consolidated financial statements as a whole. The consolidating information in Schedule I and II is presented for purpose of additional analysis of the consolidated financial statements rather than to present the financial position, results of operation, and cash flows of the individual companies, and it is not a required part of the consolidated financial statements. Accordingly, we do not express an opinion on the financial position, result of operations, and cash flows of the individual companies.
The consolidating information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare financial statements. Such information has been subjected to the auditing procedures applied in the audit of the consolidated financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the consolidated financial statements or to the consolidated financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, consolidating information is fairly stated in all material respects in relation to the consolidated financial statements as a whole.
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, Schedule I presents consolidating balance sheets for two specific sets of years. One report, detailed in the Independent Auditor's Report, covers the years December 31, 2024, and 2023. Another report, also with an Independent Auditor's Report, covers the years December 31, 2023, and 2022.
This means a prospective Bb.Q Chicken franchisee can review the company's financial performance and position for these periods. By examining these balance sheets, franchisees can assess the trends and stability of Bb.Q Chicken's financial health over these years.
The presence of two reports, one with a qualified opinion for the 2023 and 2022 statements, suggests that a franchisee should carefully review the auditor's opinion and any accompanying explanations to understand the nature and potential impact of the qualification on the financial statements.