factual

What years are covered in the Engel & Volkers consolidated statements of comprehensive income (loss), changes in shareholders' equity, and cash flows included in Exhibit I?

Engel_Volkers Franchise · 2025 FDD

Answer from 2025 FDD Document

Attached as Exhibit I are (1) our audited financial statements which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of comprehensive income (loss), changes in shareholders' equity, and cash flows for each of the years in the three-year period ended December 31, 2024, and the related notes to the consolidated financial statements.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)

What This Means (2025 FDD)

According to Engel & Volkers' 2025 Franchise Disclosure Document, the consolidated statements of comprehensive income (loss), changes in shareholders' equity, and cash flows in Exhibit I cover the years ended December 31, 2024, 2023, and 2022. This three-year period provides a view of the company's recent financial performance.

Prospective franchisees should carefully examine these statements to understand Engel & Volkers' revenue trends, profitability, and cash flow generation. Analyzing these trends can help franchisees assess the financial stability and growth potential of the company. It's important to note any significant changes or fluctuations in income, equity, or cash flows, and to understand the reasons behind them.

Furthermore, reviewing the independent auditor's report, which accompanies these financial statements, is crucial. The auditor's opinion provides an assessment of the fairness and reliability of the financial statements. Any qualifications or concerns raised by the auditor should be carefully considered, as they may indicate potential risks or uncertainties.

In summary, the consolidated financial statements for the three-year period offer valuable insights into Engel & Volkers' financial health. Prospective franchisees should conduct a thorough analysis of these statements, along with the accompanying notes and auditor's report, to make an informed investment decision.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.