Aug 31st 2008, 10:00 SLIB SLIB, SL International Business
by Tyrian Camilo
Financial Report, 30th of August 2008
SL International Business (SLIB) 30th of August, 2008http://www.sl-international-business.com
Financial Report
Summary
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A lot and Nothing has happened in the past near history. CEO Tyrian Camilo's personal life has changed dramatically, while the real estate market
has cooled down, and is very much stagnant.
WJUV is now known as SLIBStream, and has no revenue streams.
Mainostaulu has neglible revenue, not enough to cover the costs.
Kauppa is too management heavy, and so far all attempts to hire an manager has just postponed the final strike to shut it down incurring more costs.
Things are steadier now, but in no terms as good as they should be. SL Economy is in a wierd spot. The Buzzz is over, the worst survival of the fittest moments
are over, the market is stabilizing. This is where scale comes heavily into play. SLIB isn't the smallest, neither the largest.
As usual, we are doing our best, but always it's not enough. We are doing small enhancements all the time however, streamlining businesses, and there is plans.
Delegation is a key element for the future.
Finances
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Very very stagnant sales, real estate market on mainland feels quite dead to us. We have significantly lowered our risk exposure on the mainland lately.
Despite no significant profit has been made, an 25,000L$ dividend will be posted (~0.0024L$/Share) shortly.
Shares has been steadily bought back as funds has been available.
Exchanges
WSE Portfolio: 299 738,24L$
SL Capex Portfolio: 5 736,46L$
VsTex Portfolio: 0,00L$
ANCAPEX 672 778,96L$
ISE Portfolio 0,00L$
Real Estate
Mainland 249 184sqm
Estates Vacant 97 072sqm
Islands 11
Mainland, past month 1 280 805,76L$ 5,14L$/sqm
Mainland Value, all time 2 270 078,59L$ 9,11L$/sqm
Estates Vacant Land 131 047,20L$ 1,35L$/sqm
Islands Value 3 014 000,00L$
Loans
Mortgages 0,00L$
Receivables 715 253,59L$
Other
Group Limbos 0,00L$
Misc. Receivables 0,00L$
Equipment 1 771 465,17L$
Inventory 50 000,00L$
Total Assets
Liquid 133 845,00L$
Cash on hand 133 845,00L$
Total Assets 8 284 980,37L$
Liabilities
Reimburseable left 1 038 307,73L$
Stock Buybacks left 855 018,62L$
Debt 4 086 000,00L$
Total 5 979 326,35L$
Bottomline
Bottomline profit 2 305 654,02L$