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Exhibit 3 Aussie Pies, Inc. Financial Statements Aussie Pies, Inc. Income Statement For the Year Ending December 31 2006 2007 2008 2009 Sales 6,000
Exhibit 3 Aussie Pies, Inc. Financial Statements Aussie Pies, Inc. Income Statement For the Year Ending December 31 2006 2007 2008 2009 Sales 6,000 6,900 8,280 10,350 Cost of goods sold (3,600) (4,485) (5,630) (7,245) Gross Profit 2,400 2,415 2,650 3,105 Depreciation expense 100 111 139 202 Other operating expenses 840 1,104 1,325 1,863 Operating Income 1,460 1,200 1,186 1,040 Interest expense 150 45 61 116 Income before income tax expense 1,310 1,155 1,125 924 Income tax expense 524 462 450 370 Net income 786 693 675 554 Aussie Pies, Inc. Statement of Retained Earnings For the Year Ending December 31 2006 2007 2008 2009 Retained Earnings beginning of the year 0 686 1,129 1,504 Plus net income 786 693 675 554 Less dividends (100) (250) (300) (300) Retained Earnings end of the year 686 1,129 1,504 1,758 Aussie Pies, Inc. Balance Sheet at December 31 2006 2007 2008 2009 Current Assets Cash 200 230 276 345 Receivables 493 756 1,248 2,127 Inventory 444 737 926 1,290 Total current assets 1,137 1,723 2,450 3,762 Property and equipment (at cost) 1,500 1,816 2,366 3,696 Accumulated depreciation (100) (211) (350) (552) Total assets 2,537 3,328 4,466 6.906 Current Liabilities Accounts payable 100 130 478 834 Short-term loans payable 451 489 384 1,814 Total current liabilities 551 619 862 2,648 Long-term debt 100 180 500 750 Total liabilities 651 800 1.362 3.398 Stockholders' Equity Paid-in capital 1,200 1,400 1.600 1,750 Retained earnings 686 1,129 1,504 1,758 Total stockholders' equity 1,886 2,529 3,104 3.508 Total liabilities and stockholders' equity 2.537 3.328 4,466 6.906
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