Do the financial statements of Creative World School include a statement of income?

According to Creative World School's 2025 Franchise Disclosure Document, the audited financial statements include statements of income. Specifically, the auditor's opinion states that the audit encompassed the balance sheets as of December 31, 2024, 2023, and 2022, as well as the related statements of income for the years then ended. This indicates that a statement of income is a standard component of Creative World School's financial reporting.

This inclusion is important for prospective franchisees because the statement of income, also known as a profit and loss (P&L) statement, provides a summary of Creative World School's revenues, costs, and expenses over a specific period. Reviewing these statements allows potential franchisees to assess the financial performance and profitability trends of the company. It offers insights into how efficiently Creative World School manages its operations and generates profits.

The auditor's opinion further confirms that these financial statements are presented fairly and in accordance with generally accepted accounting principles (GAAP) in the United States. This adds credibility to the financial information, as an independent auditor has reviewed and verified the accuracy and reliability of the statements. Franchisees can rely on these audited statements to make informed decisions about their investment.

Therefore, the presence of a statement of income, coupled with an unqualified opinion from an independent auditor, enhances transparency and provides valuable financial information for prospective Creative World School franchisees.