Financial Statement

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Sample Financial Statement

FATBURGER NORTH AMERICA, INC.

AUDITED FINANCIAL STATEMENTS Years Ended June 26,2005 and June 27,2004


FATBURGER NORTH AMERICA, INC.

TABLE OF CONTENTS

Page

Report of Independent Auditors                                                                                1

Financial Statements

Balance Sheets                                                                                                        2

Statements of income                                                                                               3

Statements of Shareholder's Equity                                                                          4

Statements of Cash Flows                                                                                        5

Notes to Financial Statements                                                                              6-11


LLP

Certified Public Accountants

REPORT OF INDEPENDENT AUDITORS

To the Board of Directors and Shareholder Fatburger North America, Inc.

We have audited the accompanying balance sheet of Fatburger North America, Inc. (a wholly owned subsidiary of Fatburger Corporation) as of June 26, 2005 and the related statements of income, shareholder's equity, and cash flows for the year then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. The financial statements of Fatburger North America, Inc. as of June 27, 2004, were audited by other auditors whose report dated August 20, 2004 expressed an unqualified opinion on those statements.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that bur audit provides a reasonable basis for our opinion.

In our opinion, the 2005 financial statements referred to above present fairly, in all material respects, the financial position of Fatburger North America, Inc. as of June 26, 2005, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

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Los Angeles, California August 26, 2005

An Independent Member of Urbach Hacker Young International

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The original file could not be completely converted to text. Below is an excerpt from the file. The original file can be downloaded at the link above.