RICA FOODS, INC. AND SUBSIDIARIES Consolidated Balance Sheet December 31, 2001 September 30, 2001 (Unaudited) Assets Current assets: Cash and cash equivalents $7,974,535 $4,920,870 Short-term investments 169,466 851,905 Notes and accounts receivable 13,680,491 12,277,131 Due from related parties 1,421,812 1,421,812 Inventories 12,881,424 12,833,325 Deferred income taxes 422,490 412,854 Prepaid expenses 597,953 852,185 Total current assets 37,148,171 33,570,082 Property, plant and equipment 46,353,029 45,827,917 Long-term receivables-trade 538,003 595,596 Long-term investments 4,383,100 4,312,411 Other assets 4,349,792 4,606,546 Cost in excess of net assets of acquired business 2,186,090 2,186,090 Total assets $94,958,185 $91,098,642 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $17,699,079 $14,444,895 Accrued expenses 3,670,888 3,917,787 Notes payable 16,087,618 18,194,649 Current portion of long-term debt 7,589,837 7,281,460 Due to stockholders 74,634 74,634 Total current liabilities 45,122,056 43,913,425 Long-term debt, net of current portion 22,539,796 21,054,044 Due to stockholders 15,037 15,368 Deferred income tax liability 2,139,794 2,162,090 Total liabilities 69,816,683 67,144,927 Minority interest 1,336,445 1,336,445 Stockholders' equity: Common stock 12,865 12,865 Preferred stock 2,216,072 2,216,072 Additional paid-in capital 25,800,940 25,800,940 Accumulated other comprehensive loss (10,235,522) (9,625,035) Retained earnings 12,550,185 10,736,911 30,344,540 29,141,753 Less: Due from stockholders (6,256,089) (6,256,089) Treasury stock, at cost (283,394) (268,394) Total stockholders' equity 23,805,057 22,617,270 Total liabilities and stockholders' equity $94,958,185 $91,098,642 RICA FOODS, INC. AND SUBSIDIARIES Consolidated Statements of Operations For the three months ended December 31, 2001 and 2000 (Unaudited) 2001 2000 Sales $34,782,652 $33,278,588 Cost of sales 22,357,774 21,310,666 Gross profit 12,424,878 11,967,922 Operating expenses: Selling 5,059,589 4,780,146 General and administrative 3,392,612 3,769,099 Amortization of cost in excess of net assets of acquired business -- 266,147 Total operating expenses 8,452,201 8,815,392 Income from operations 3,972,677 3,152,530 Other expenses (income): Interest expense 1,306,400 1,100,016 Interest income (369,099) (270,188) Foreign exchange loss, net 821,414 581,449 Miscellaneous, net (95,501) (30,717) Other expenses, net 1,663,214 1,380,560 Income before income taxes and minority interest 2,309,463 1,771,970 Provision for income taxes 441,433 281,756 Income before minority interest 1,868,030 1,490,214 Minority interest 19,048 20,467 Net income 1,848,982 1,469,747 Preferred stock dividends 35,705 42,550 Net income applicable to common stockholders $1,813,277 $1,427,197 Earnings per share $0.14 $0.11 Weighted average number of common shares outstanding 12,811,469 12,854,321