Hanover Foods Corporation (HNFSB)

Hanover Foods Balance Sheet

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2004	FY 2003	FY 2002	FY 2001	FY 2000
Period Ending	Aug 29, 2004	May 30, 2004	Jun 1, 2003	Jun 2, 2002	Jun 3, 2001	May 28, 2000
Cash & Equivalents	2.62	3.02	4.13	2.82	1.82	6.98
Cash & Short-Term Investments	2.62	3.02	4.13	2.82	1.82	6.98
Cash Growth	-15.54%	-26.96%	46.59%	54.39%	-73.86%	215.18%
Receivables	33.24	30.6	25.26	27.08	27.53	28.51
Inventory	84.02	63.81	53.22	61.56	61.29	59.19
Prepaid Expenses	7.74	6.96	7.31	2.36	1.93	1.56
Total Current Assets	128.54	105.29	90.83	94.09	93.49	97.06
Property, Plant & Equipment	83.41	84.11	72.63	76.64	78.84	73.48
Goodwill	2.07	2.07	1.3	-	-	-
Other Intangible Assets	2.27	2.27	2.24	3.55	3.74	4.01
Other Long-Term Assets	5.71	5.65	4.43	4.74	4.67	4.96
Total Assets	222	199.39	171.43	179.02	180.73	179.51
Accounts Payable	25.28	23.43	19.75	19.89	24.06	26.53
Accrued Expenses	17.75	14.01	10.92	13.19	7.84	7.7
Short-Term Debt	36.78	21.61	7.63	18.99	52.33	52.38
Current Portion of Long-Term Debt	4.29	4.29	4.29	4.3	1.8	1.82
Current Income Taxes Payable	-	0.3	1.21	1.18	0.64	1.06
Total Current Liabilities	84.08	63.63	43.8	57.55	86.67	89.49
Long-Term Debt	21.07	21.07	25.36	29.64	8.94	10.74
Long-Term Deferred Tax Liabilities	2.83	2.95	3.14	3.78	4.02	4.17
Other Long-Term Liabilities	8.03	7.64	5.92	4.06	3.64	2.8
Total Liabilities	116.01	95.29	78.22	95.03	103.26	107.2
Common Stock	29.95	29.95	24.96	24.62	24.62	21.06
Additional Paid-In Capital	34.91	34.91	16.37	15.24	15.25	2.15
Retained Earnings	89.19	87.42	76.75	67.56	61.27	55.48
Treasury Stock	-8.38	-8.38	-8.17	-8.15	-8.15	-8.13
Comprehensive Income & Other	-40.7	-40.83	-17.72	-16.31	-16.57	0.73
Total Common Equity	104.96	103.07	92.19	82.97	76.44	71.28
Shareholders' Equity	105.99	104.1	93.22	83.99	77.47	72.31
Total Liabilities & Equity	222	199.39	171.43	179.02	180.73	179.51
Total Debt	62.13	46.97	37.28	52.93	63.07	64.94
Net Cash (Debt)	-59.52	-43.95	-33.15	-50.11	-61.25	-57.96
Net Cash Per Share	-80.62	-59.59	-45.18	-68.69	-84.10	-79.47
Filing Date Shares Outstanding	1.07	1.07	0.87	0.71	0.71	0.71
Total Common Shares Outstanding	1.2	1.07	0.87	0.72	0.71	0.71
Working Capital	44.45	41.66	47.03	36.55	6.83	7.57
Book Value Per Share	87.62	96.36	105.94	115.46	106.98	99.74
Tangible Book Value	100.62	98.73	88.65	79.42	72.7	67.27
Tangible Book Value Per Share	84.00	92.30	101.87	110.52	101.75	94.12
Land	-	63.59	53.97	52.97	52.14	47.44
Buildings	-	0.54	0.54	0.54	0.54	0.53
Machinery	-	135.03	128.42	124.05	114.65	106.69
Construction In Progress	1.08	5.98	0.95	0.83	4.44	3.52
Leasehold Improvements	-	0.54	0.54	0.54	0.54	0.53

Source: S&P Capital IQ. Standard template. Financial Sources.