Neualtenburg Balance Sheet in Lindens
http://www.tospitimou.com/Neualtenburg/BalanceSheet.pdf
Neualtenburg Balance Sheet in US Dollars
http://www.tospitimou.com/Neualtenburg/BalanceSheetUSD.pdf
Neualtenburg Income/Expense Report in Lindens
http://www.tospitimou.com/Neualtenburg/IncomeExpense.pdf
Neualtenburg Income/Expense Report in US Dollars
http://www.tospitimou.com/Neualtenburg/IncomeExpenseUSD.pdf
Based on the recent RA bill to present the financial information in US dollars, I'll mention figures in that currency.
A major event impacted the finances for Neualtenburg this month; the opening of the Lindex. (The Linden Labs sponsored currency exchange). As a result, the value of the Linden literally shot up in value (leaving even many of us who had anticipated this change rather speechless at the suddenness of it). The result of this increase is that those Neualtenburg funds which were kept in Linden$ accounts (which were most of them, since the Paypal account is where the monthly fee is drawn from each month) are now worth 19% more than they were at the beginning of the month.
What this means most directly for all those who pay their monthly fee in Linden$s is that their fee will be much lower this month than last. Because of the summer-long *drop* in the value of the Linden, the RA acted to protect Neualtenburg by keeping the monthly fee fixed in terms of US dollars, and therefore variable in terms of Linden$s. Of course, that was essential if the Linden had kept dropping. Now it means that NBurg will collect fewer Linden$s than they might of before that bill was passed. But at least we know that, whatever we collect, it will be the same value in US$s.
Looking at the Income Expense report, we did great! Land tier revenues (the Monthly Fees that everyone pays) themselves were sufficient to pay the monthly fee to the Lindens. Coupled with the fact that, because of some Linden billing foul-ups at the beginning of the month, they credited us US$98 against our bill, we were way ahead. The US$98 is included in the line labeled Miscellaneous Revenues.
One other really important revenue source is beginning to show. For the second month we have "Land Sales Revenues", and this time they are significant. These revenues happen because we have now re-sold more land dollars than we paid Linden Labs for the purchase of the sim in the first place. Once our "investment" was "re-sold", any further sales of it are actual income.
Obviously, the one-time Linden credit for a billing foul-up, and, the continuing revenues from land sales, will not continue. We appreciate them now, at a time we're trying to establish the value of Neualtenburg. And that leads us to the Balance Sheet.
As I say each time, the Balance Sheet shows what we *own* minus what we *owe*. The difference is what we're *worth*. We added US$400 to what we're worth (the bottom line on the Income Expense report). Amazingly, that puts us incredibly close, minus US$47.95 close, to having a positive value.
This is incredibly good news, and rather good luck too. We now have US$986 "in the bank". Without the currency increase in value, we'd have perhaps US$150 less. Without the billing foul-up, we'd have US$98 less. And without the growth of Neualtenburg, meaning monthly fees which cover the Linden payment, and continuing Land Sales, we'd never be adding up a one month surplus of US$400.
I've said before.. the immediate goal financially is to show *at least* a "worth" (labelled "Equity" on the Balance Sheet) of zero. Neualtenburg is not a viable organization unless it has an actual positive value; unless it actually *owns* more than it *owes*. We are very close to that goal.
Final mini-note
. For those looking closely, you'll see that the "books are in balance" again. (You'll recall that at the last month end, they were not.) It is critical that on the Balance Sheet, the "Assets" equal the "Liabilities and Equity". How they fixed themselves? I have no idea . %%$%$#$ software! And, dual currencies. We will all just be thankful they are in balance. Sudane
