Creamy Chill Creamy chill is one of Canada’s best ice cream producing factories. We are located in Toronto, Ottawa, Waterloo, Montreal and headquartered in Mississauga Ontario. For the year 2015, we authorised a total of 100,000 shares and issued 75,000 shares to the public. We specialise in the production of ice cream and yogurt We produce different flavours and types of ice cream and other food products. Some of our ice creams are organic and is good for the health. Our products give our customers something to look forward to.
For over 25 years, we have been known for our nutritious and flavored ice creams which is made to be suitable for people of all health status. In 2015 alone, we have produced and sold over 50,000 ice creams of different flavors; French vanilla, butter pecan, cotton candy, caramel and lots more. Our Ice cream flavors are loved and appreciated by our customers. Before launching a new product into the market, we run it through our customers to ensure that they are okay with whatever flavor or type of ice cream we decide to produce. In the current year we were faced with a lot of competition from upspringing ice cream producing factories.However, to continue being among the best, we have decided that in 2016, we would increase production by producing juices, and pastries Chairman’s Report Dear shareholders, Time and again, creamy chill is seen as a high consumer brand emphasizing the fact that our standard of offering nutritious and flavoured ice creams at great value has a strong appeal. At the the beginning of 2015, we lunched two new products into the market and by the end of the year, due to high demand for this product, our net profit exceeded our estimated net profit for the year by 0.5% . This was of great significance to the company because it encouraged us to produce more coffee latte flavoured shake Coffee latte flavoured shake Chocolate latte flavoured ice cream Our best selling products of 2015 Due to our financial position, our dividend was doubled to $0.06 per quarter, illustrating the level of confidence our board of director had in us. By july, the confidence level of our board of directors increased and they approved for an increase of dividend to $0.07 per quarter. Graph showing the difference between our net profit for the year and our estimated profit for the year. The left graph shows the amount of profit that we thought we would acquire at the end of the year. The right graph shows the amount of profit we acquired at the end of the year. Our net profit turned out to be more than our estimated net profit by 0.5%. We are grateful to all our customers who have patronized us throughout the year because it is due to their patronage that we have been able to prosper over the years. We hope to continue receiving their patronage and producing product for them to fall in love with. For the year 2015, our achievements were as follows: We lunched our new product coffee latte flavored shake and ice cream into the market as recommend by our customers, for the first time, our net profit at the end of the year exceeded our estimated profit for the year, we improved …show more content…
Independent Auditors Report
To the Shareholders of Creamy Chill Inc. The consolidated financial statements which we have audited, consists of the consolidated balance sheets as at December 31, 2015, and changes in total equity and cash flows for the years then ended
Management’s Responsibility for the Consolidated Financial Statements
At Creamy Chill, it is the responsibility of the Management team to prepare a fair consolidated financial statement. According to the International Financial Reporting Standards, it is important that the consolidated financial statement of a company must disclose all information concerning the business.
Auditors responsibility
An auditor is responsible for auditing the consolidated financial statement in accordance to the Canadian generally accepted auditing standards. These standards are established to ensure that the consolidated financial statement is fair and that the auditors perform according to ethical requirements and plan.The main purpose of an audit is to disclose all misstatements on the consolidated financial statement despite the
For over 25 years, we have been known for our nutritious and flavored ice creams which is made to be suitable for people of all health status. In 2015 alone, we have produced and sold over 50,000 ice creams of different flavors; French vanilla, butter pecan, cotton candy, caramel and lots more. Our Ice cream flavors are loved and appreciated by our customers. Before launching a new product into the market, we run it through our customers to ensure that they are okay with whatever flavor or type of ice cream we decide to produce. In the current year we were faced with a lot of competition from upspringing ice cream producing factories.However, to continue being among the best, we have decided that in 2016, we would increase production by producing juices, and pastries Chairman’s Report Dear shareholders, Time and again, creamy chill is seen as a high consumer brand emphasizing the fact that our standard of offering nutritious and flavoured ice creams at great value has a strong appeal. At the the beginning of 2015, we lunched two new products into the market and by the end of the year, due to high demand for this product, our net profit exceeded our estimated net profit for the year by 0.5% . This was of great significance to the company because it encouraged us to produce more coffee latte flavoured shake Coffee latte flavoured shake Chocolate latte flavoured ice cream Our best selling products of 2015 Due to our financial position, our dividend was doubled to $0.06 per quarter, illustrating the level of confidence our board of director had in us. By july, the confidence level of our board of directors increased and they approved for an increase of dividend to $0.07 per quarter. Graph showing the difference between our net profit for the year and our estimated profit for the year. The left graph shows the amount of profit that we thought we would acquire at the end of the year. The right graph shows the amount of profit we acquired at the end of the year. Our net profit turned out to be more than our estimated net profit by 0.5%. We are grateful to all our customers who have patronized us throughout the year because it is due to their patronage that we have been able to prosper over the years. We hope to continue receiving their patronage and producing product for them to fall in love with. For the year 2015, our achievements were as follows: We lunched our new product coffee latte flavored shake and ice cream into the market as recommend by our customers, for the first time, our net profit at the end of the year exceeded our estimated profit for the year, we improved …show more content…
Independent Auditors Report
To the Shareholders of Creamy Chill Inc. The consolidated financial statements which we have audited, consists of the consolidated balance sheets as at December 31, 2015, and changes in total equity and cash flows for the years then ended
Management’s Responsibility for the Consolidated Financial Statements
At Creamy Chill, it is the responsibility of the Management team to prepare a fair consolidated financial statement. According to the International Financial Reporting Standards, it is important that the consolidated financial statement of a company must disclose all information concerning the business.
Auditors responsibility
An auditor is responsible for auditing the consolidated financial statement in accordance to the Canadian generally accepted auditing standards. These standards are established to ensure that the consolidated financial statement is fair and that the auditors perform according to ethical requirements and plan.The main purpose of an audit is to disclose all misstatements on the consolidated financial statement despite the