What was the balance as of 2023 for the allowance for expected credit loss for Bimbo Foods Bakeries Distribution?
Bimbo_Foods_Bakeries_Distribution Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance as of | Effects Effects through Balance as of |
|---|---|
| January 1, | through profit comprehensive Translation Discontinued Business December 31, |
| 2022 | or loss income effect operation combinations 2022 |
| Allowance for expected credit loss $ (301) | $ (148) $ - $ - $ 11 $ - $ (438) |
| Inventories and advances | 16 46 - - - - 62 |
| Property, plant and equipment 4,501 | 299 - - (49) 14 4,765 |
| Intangible assets and other assets 7,869 | 134 - (2,098) (112) 1,481 7,274 |
| Other reserves and provisions (12,501) | 5,030 207 (47) 157 - (7,154) |
| Current employee profit sharing (500) | (48) - - 13 - (535) |
| Available tax loss carryforwards (303) | (40) - - - - (343) |
| Net economic hedge | - (432) 432 - - - - |
| Lease assets and liabilities, net (469) | (70) - - 10 - (529) |
| Derivative financial instruments 914 | 182 (574) (11) - - 511 |
| Total deferred income tax | |
| liability/(asset), net $ (774) | $ 4,953 $ 65 $ (2,156) $ 30 $ 1,495 $ 3,613 |
Source: Item 14 — Other Accounts Payable and Accrued Liabilities (FDD pages 312–476)
What This Means (2025 FDD)
According to Bimbo Foods Bakeries Distribution's 2025 Franchise Disclosure Document, information regarding the balance as of 2023 for the allowance for expected credit loss is not explicitly detailed. However, the FDD does include a table showing the balance as of January 1, 2022, effects through profit or loss, comprehensive income effect, translation, discontinued business combinations, and the balance as of December 31, 2022, for the allowance for expected credit loss.
Specifically, the allowance for expected credit loss as of January 1, 2022, was a deficit of $301. Effects through profit or loss were a deficit of $148. There were no effects through comprehensive income, translation, or discontinued business combinations. There was an $11 positive effect through business combinations. The balance as of December 31, 2022, was a deficit of $438.
While the 2023 balance is not provided, this table illustrates how the allowance for expected credit loss can change over time due to various financial effects. A prospective franchisee should inquire with Bimbo Foods Bakeries Distribution about the specific balance for 2023 and understand the factors that influence this allowance, as it can impact the overall financial health of the company.