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Joseph S. Reichardt ACG 2021, 3:30

Joseph S. Reichardt ACG 2021, 3:30. Exclusive summary. www.leadingbrandsinc.com/media/lbix-2001.pdf. Part A. Introduction. Chief executive officer: Ralph D. McRae Location: Leading Brands Inc. 160-7400 River Road Richmond, BC Canada V6X 1X6 Latest fiscal year: Feb. 28, 2002.

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Joseph S. Reichardt ACG 2021, 3:30

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  1. Joseph S. Reichardt ACG 2021, 3:30

  2. Exclusive summary www.leadingbrandsinc.com/media/lbix-2001.pdf

  3. Part A. Introduction • Chief executive officer: Ralph D. McRae • Location: Leading Brands Inc. 160-7400 River Road Richmond, BC Canada V6X 1X6 • Latest fiscal year: Feb. 28, 2002

  4. Part A. Introduction cont. • Leading Brands Inc. principal operations are comprised of an integrated bottling and distributing system for beverages, water and snack foods. • As shown on the bottom left. The Geographic area mainly consists of The United States of America & Southern parts of Canada.

  5. Part A. Audit Report • Independent auditors: /s/ BDO Dunwoody LLP • In the audit Report the auditors found that the consolidated financial statements were present fairly, in all respects. The financial position of the company generally accepts accounting principals.

  6. Part A. Stock Market Information • Most recent price of the company’s stock: Dec. 31, 2003 $2.00 • 12 month range: $1.75 to Dec. 31, 2002 $2.00 to Dec. 31, 2003 • Dividends per share: 4414 • Date of Information: Feb. 28, 2002 & 2001 • The company stock seems to be steady although the price of stock does not seem to increase much.

  7. Part B. Industry Situation and Company Plans • On www.globeinvertor.com I found that the Leading Brands plans to expand their selection. They believe that the more beverages on the market the greater their income. • www.bevnet.com writes on Leading Brands announcement of their new release of 2 new drinks. • http://www.freeedgar.com/EdgarConstruct/Data/1062993/03-611/exhibit99b.htm wrote For the financial year ended February 28, 2003, compensation for executive officers of the Company consisted of a fixed base salary and long term compensation in the form of stock options. Bonuses may be allocated by the Compensation Committee. Salary levels will be reviewed periodically and adjustments may be made, if warranted, after an evaluation of executive and company performance, salary trends in the Company’s business sector, and any increase in responsibilities assumed by the executive.

  8. Part C. Income Statement The income statement seems to be in multistep form.the net income is increasing drastically with each year. Although the sales have gone down. I believe this is a result of advertising.

  9. Part C. Balance Sheet Assets

  10. Part C. Balance Sheet Liabilities

  11. Part C. Balance SheetIncreases or Decreases • By looking at the balance sheets shown on the two previous slides, I found that both the assets and liabilities tended to decrease from 2001 to 2002. • Some of the major changes were: Capital assets- ($2,335,138) A/P – ($3,201,398) Long term investment- $986,090 Bank dept.- ($2,951,198)

  12. Part C. Statement of Cash Flows • The cash flow from operations are less than the net income form the years before. • The company is growing through investing activities. • The company’s primary source of financing is long term loans • Overall the cash had increased over the past two years.

  13. Part D. Accounting Policies

  14. Part D. Accounting PoliciesTopics of notes to the Financial statements: Contingencies Income taxes Changes in Non-cash Operating Working Items Related Party Transactions Fair Value of Financial Instruments Credit Risk and Interest Rate Risk Segmented Information Differences between Canadian and US Generally Accepted Accouting Principals Acquisitions and Dispositions Inventory Capital Assets Trademarks and Rights Goodwill Deferred Costs Long term Investment and Advances Bank Indebtedness Long term Debt Convertible Preferred Shares Share Capital Commitments

  15. Part E. Financial Analysis Liquidity Ratios 2002 2001 • Working Capital: -208,400 -481132 • Current Raito: .9649 .9607 • Receivable Turnover: 10.6 13.17 • Average Days Sales Uncollected: 33.96 27.33 • Inventory turnover: 11.85 14.79 • Avg. days inventory on hand: 30.38 24.34

  16. Part E. Financial Analysis Profitability Ratios 2002 2001 • Profit margin: .0325 .0237 • Asset turnover: 1.56 1.93 • Return on assets: .05 .046 • Return on equity: .068 .062

  17. Part E. Financial Analysis Solvency Ratio • Debt to equity: 1.686 2.4 2002 2001

  18. Part E. Financial Analysis Market Strength Ratios 2002 2001 • Price/ Earning per share: 4.12 times 6.2 times • Dividend yield: .097 .0645

  19. This Will conclude my Annual Report

  20. Have a Great day and please drink responsibly

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