Serving the World Through Agriculture Good Grains International, Inc.

Home Contact Us Site Map Search

Financials
Up News South Africa Company Product Market Financials

 

 

Financials

Table 15

Pro-Forma Income Statement

2001 - 2006

($ 000's)

  2001 2002 2003 2004 2005 2006
Net Trading Revenue 383 180,208 1,378,419 2,577,696 3,776,373 4,975,350
Trading Cost:
Foundation Seed 230 460 690 820 1,150 1,380
Processing Cost - 13,608 117,612 222,156 330,075 431,244
Exchange Clearing Cost - 1,735 14,311 26,887 39,764 52,040
Total 230 15,263 132,613 249,863 370,989 484,664
Gross Trading Profit 153 164,945 1,245,806 2,327,833 3,405,384 4,490,686
Operating Cost:
General Administrative 19 906 68,963 126,416 217,973 248,822
Marketing 57 27,031 206,889 329,249 553,920 746,467
R&D 19 906 68,963 126,416 217,973 248,822
Total 95 28,843 334,815 582,081 989,866 1,244,111
Before Tax Income 58 136,102 910,991 1,745,752 2,415,518 3,246,575
Taxes (39%) 22 53,080 355,286 680,843 942PO52 1,266,164
Net Income 36 83,022 555,705 1,064,909 1,473,466 1,980,411

 

Table 16

Gross Trading Revenues By Year and By Growing Cycle 

2001 - 2007

($ 000's)

  2001 2002 2003 2004 2005 2006 2007
Cycle 1 383 179,442 1,019,535 - - - -
Cycle 2 - 766 358,884 2,039,070 - - -
Cycle 3 - - 1,149 538,626 3,058,605 - -
Cycle 4 - - - 1,532 717,768 4,078,140

-
Cycle 5 - - -

-

 1,915 89,210 5,097,675
Cycle 6 - - - - - 2,298 1,076,636
Total 383 180,208 1,379,568 2,579,228 3,778,288 4,977,648 6,174,311
*Each growing cycle spans twenty-three months,
*The above chart shows five complete growing, cycles and a sixth partial cycle. 

Table 17 shows the amount of Sweet White Lupin acreage targeted for cultivation between 2001 and the year 2005.

Table 17

International Lupin Exchange Projected Acreage Under Contract

2001-2005

Year Acres (000's)
2001     485
2002   2,127
2003   3,879
2004   5,410
2005 11,202

Table 18 projects the size of the International Lupin Exchange in terms of metric tonnage of Sweet Lupin production to be traded between 2002 and the year 2006.

Table 18

International Lupin Exchange Projected Size of World Lupin Market

In Metric Tons

2002-2006

(000's)

Lupin Product 2002 2003 2004 2005 2006
Lupin Seeds 38 164 292 318 365
Lupin Beans 391 2,633 4,873 7,114 9,356
Lupin Oil 26 236 450 668 872
Lupin Flour 190 1,713 3,234 4,808 6,279
Lupin Fiber 21 196 392 534 648
Total 666 5,602 9,241 13,440 17,570

Table 19, following, compares the current share of the World Trade Marker in Oilseed held by the Chicago Board of Trade (CBOT), with the International Lupin Exchange's (ILE) projected share of the current World Trade Market in Oilseed by the year 2003.

Table 19

CBOT/ILE Share of World Trade Market in Oilseed - A Comparison

(per million metric tons)

Product
CBOT
1994
ILE
2003
ILE % of 
CBOT
Oilseed 21.70 9.36 43%
Protein Meal 5.26 6.28 119%
Edible Oil 1.33 .81 65%
Total 28.57 16.51 57%
 

 

Send mail to webmaster@goodgrains.com with questions or comments about this web site.
Copyright © 2001 Good Grains International Inc, South Africa
Last modified: September 30, 2003