Do the Creative World School financial statements include a statement of cash flows?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Creative World Schools Franchising Company, Inc. (the Company), which comprise the balance sheets as of December 31, 2024, 2023 and 2022, and the related statements of ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Creative World Schools Franchising Co., Inc., as of December 31, 2024, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 80)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, the audited financial statements include balance sheets as of December 31, 2024, 2023, and 2022. The financial statements also include related statements of income, and a statement of cash flows for the years then ended.
This means that prospective Creative World School franchisees can review the company's cash flow statements for the past three years. These statements provide insights into how the company has generated and used cash, which is crucial for understanding its financial health and stability.
The inclusion of a cash flow statement, along with balance sheets and income statements, is a standard practice in audited financial statements, offering a comprehensive view of Creative World School's financial performance. Reviewing these statements can help potential franchisees assess the franchisor's financial management and ability to support its franchisees.