Do the City Publications financial statements include a balance sheet?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying balance sheets of CITY PUBLICATIONS FRANCHISE GROUP, INC. as of December 31, 2024, and 2023 and the related statements of operations, shareholders' (deficit), and cash flows for the years ended December 31, 2024, and 2023, and the notes to financial statements.
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CITY PUBLICATIONS FRANCHISE GROUP, INC.
FINANCIAL REPORT AS OF DECEMBER 31, 2024
CITY PUBLICATIONS FRANCHISE GROUP, INC.
TABLE OF CONTENTS
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the financial statements include consolidated balance sheets. Specifically, the independent auditor's report mentions auditing the balance sheets for the years 2024 and 2023. This indicates that a balance sheet is part of City Publications' financial reporting.
Furthermore, the table of contents for the financial report as of December 31, 2024, suggests the inclusion of various financial statements. The auditor's report confirms that the audit included balance sheets, statements of operations, statements of shareholders' deficit, and cash flow statements.
The inclusion of a balance sheet is a standard practice in financial reporting, providing a snapshot of a company's assets, liabilities, and equity at a specific point in time. Franchisees can use this information to assess the financial health and stability of City Publications.