What was the total amount of 'Other Assets' held by Best Brains as of December 31, 2022?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Particulars | Schedule No. | As at December 31, 2023 | As at December 31, 2022 |
|---|---|---|---|
| ASSETS | |||
| Current Assets Cash & cash equivalents | 1 | 262,049.67 | 154,275.10 |
| Inventory | _ | 417,347.00 | 289,840.00 |
| Trade Receivables | 2 | 2,038,407.38 | 1,549,975.79 |
| Other Current Assets Total Currrent Assets | 3 | 255,726.78 2,973,530.83 | 225,576.84 2,219,667.73 |
| Property and Equipment ,net of accumulated depreciation | 4 | 290,790.28 | 268,207.05 |
| Other Assets | 5 | 1,076,049.46 | 958,557.46 |
| Total Assets | 4,340,370.57 | 3,446,432.24 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the company's 'Other Assets' totaled $958,557.46 as of December 31, 2022. This figure is part of the company's overall assets, which totaled $3,446,432.24 on the same date. Understanding the composition and value of a company's assets is crucial for prospective franchisees. 'Other Assets' can include a variety of items that are not classified as current assets or property and equipment.
For a potential Best Brains franchisee, this number provides insight into the financial health and asset allocation of the company. It's important to note that 'Other Assets' can be diverse, potentially including intangible assets, long-term investments, or deferred expenses. A significant change in this figure from year to year could signal strategic shifts or re-evaluations of asset values within the company.
It would be prudent for a prospective franchisee to inquire about the specific items included in 'Other Assets' to fully understand what this category comprises. This due diligence will help in assessing the overall financial stability and investment strategies of Best Brains. Examining these figures in comparison to previous years and industry benchmarks can further inform a franchisee's decision-making process.