FINANCE UPDATE Dave Goldberg AESQ Finance Becky Lemon
FINANCE UPDATE Dave Goldberg – AESQ Finance Becky Lemon – SAE December 4, 2017 AESQ – Aerospace Engine Supplier Quality Strategy Group This document slide does not contain ITAR or EAR technical data. The content of this presentation slide is proprietary and Copyright © SAE International. Further use or distribution is not permitted without permission from SAE confidential information of the AESQ. It is not permitted to be distributed to any third party without the written consent of the AESQ.
SAE ITC Service Package SERVICE 2017 Administration & Treasury Management Support (annual fee) $12, 350 Technical Consultant Support (hourly fee; estimated range based on assumed number of hours plus travel) $13, 273 Website Update / Maintenance (annual fee) SAE ITC Insurance Package (annual fee) SAE ITC Services Quote Total $6, 126 $15, 315 $47, 575 AESQ – Aerospace Engine Supplier Quality Strategy Group This document slide does not contain ITAR or EAR technical data. The content of this presentation slide is proprietary and confidential information of the AESQ. It is not permitted to be distributed to any third party without the written consent of the AESQ. 2
2017 Membership Dues Collection 2017 Member Company Invoice Issued Invoice # Invoice Amount Invoice Paid 2/5/2017 1130. 14003. 009 $8, 000 2/17/2017 2 GE 11/29/2016 1130. 14003. 002 $8, 000 3/22/2017 3 GKN 11/29/2016 1130. 14003. 003 $8, 000 2/19/2017 4 Honeywell 11/29/2016 1130. 14003. 004 $8, 000 9/5/2017 5 MTU 11/29/2016 1130. 14003. 005 $8, 000 1/12/2017 6 PCC 11/29/2016 1130. 14003. 006 $8, 000 3/29/2017 7 Pratt & Whitney 11/29/2016 1130. 14003. 007 $8, 000 1/10/2017 8 Rolls-Royce 11/29/2016 1130. 14003. 008 $8, 000 2/24/2017 9 Safran 11/29/2016 1130. 14003. 001 $8, 000 3/24/2017 $72, 000 1 Arconic AESQ – Aerospace Engine Supplier Quality Strategy Group This document slide does not contain ITAR or EAR technical data. The content of this presentation slide is proprietary and confidential information of the AESQ. It is not permitted to be distributed to any third party without the written consent of the AESQ. 3
AESQ Income Statement 2017 Key Points • $72, 000 collected in 2017 • $40, 119. 47 rolled over from 2016 to 2017 (retained earnings) • $34, 599. 71 cash available end October • The $20 k for the website appears on the Balance Sheet as a fixed asset. It is now starting to depreciate (show as an expense). SAE International SAE : SAE Enterprise : SAE ITC : AESQ Balance Sheet End of Oct 2017 Financial Row Amount ASSETS Current Assets Accounts Receivable 1120 - Intercompany Accounts Receivable 113904 - Intercompany Transfer - SAE/SAE Foundation 113908 - Intercompany Transfer - SAE ITC 113908 I/C - SAE - ITC - Subs I/C Receivable. Total - 1120 - Intercompany Accounts Receivable Total Current Assets Other Assets 1600 - Fixed Assets 160310 - Software 162310 - Accum Depr - Software Total - 1600 - Fixed Assets Total Other Assets Total ASSETS LIABILITIES & EQUITY Current Liabilities Accounts Payable 2009 - Intercompany Accounts Payable 200908 - SAE - ITC - Subs I/C Payable. Total - 2009 - Intercompany Accounts Payable Total Accounts Payable Other Current Liability 2100 - Accrued Expenses 210000 - Accrued Expenses Total - 2100 - Accrued Expenses Total Other Current Liability Total Current Liabilities Equity Retained Earnings Net Income Total Equity Total LIABILITIES & EQUITY AESQ – Aerospace Engine Supplier Quality Strategy Group This document slide does not contain ITAR or EAR technical data. The content of this presentation slide is proprietary and confidential information of the AESQ. It is not permitted to be distributed to any third party without the written consent of the AESQ. $176. 96 $57, 006. 82 ($17. 76) $57, 166. 02 $20, 000. 00 ($6, 111. 16) $13, 888. 84 $71, 054. 86 $22, 566. 31 $1, 539. 67 $24, 105. 98 $40, 119. 47 $6, 829. 41 $46, 948. 88 $71, 054. 86 4
2018 AESQ Dues Collection AESQ – Aerospace Engine Supplier Quality Strategy Group This document slide does not contain ITAR or EAR technical data. The content of this presentation slide is proprietary and confidential information of the AESQ. It is not permitted to be distributed to any third party without the written consent of the AESQ. 5
Questions? 6 AESQ – Aerospace Engine Supplier Quality Strategy Group This document slide does not contain ITAR or EAR technical data. The content of this presentation slide is proprietary and confidential information of the AESQ. It is not permitted to be distributed to any third party without the written consent of the AESQ.
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