EXHIBIT 40¶
Fiscal Year Ending December 31, 2001¶
Company Name & Address: Financial Trust Company Inc. 6100 Red Hook Quarter B-3 St. Thomas US FT 00802 Telephone No.: (340) 775-2525 Name / Signature of Preparer: Jeanne Brennan (Name) (Signature)¶
| Gross Sale (Ineligible Sales ) Eligible for Tax Benefits | $ - | $ 46,815,387 |
|---|---|---|
| Gross Wages Paid In the V.I. (Include vacation & sick pay, bonuses, overtime, etc.) | $ - | $ 660,122 |
| Average No. of Employees; Full Time & (Part Time) | 11 | ( - ) |
| Average No. of Residents; Full Time & (Part Time) | 11 | ( - ) |
| Average No. of Non-Residents; Full Time & Part Time | - | ( - ) |
| Other Employee Cost (Unemployment & Health Insurance, Pension, Allowances, etc.) | $ - | $ 67,243 |
| Employee Income Taxes Paid and Withheld | $ - | $ 194,622 |
TAXES AND DUTIES (Provide dollar amount paid, and value of exemption / refund for each tax)¶
| Gross Receipts: | Amount Paid | $ - |
|---|---|---|
| Dollar Value of Exemption | $ 1,872,615 | |
| Real Property Tax: | Amount Paid | $ - |
| Dollar Value of Exemption | $ - | |
| Excise Taxes: | Total Paid | $ - |
| Dollar Value of Exemption | $ - | |
| Income Taxes: | Total Paid | $ 2,747,483 |
| Dollar Value of Exemption | $ 21,217,187 | |
| Customs Duties: | Total Paid | $ - |
| Dollar Value of Exemption | $ - | |
| Other: | Hotel room taxes paid | $ - |
| Other Taxes, Fees Paid to V.I. Government | $ 132,719 | |
| TOTAL TAXES PAID: | $ 2,880,202 | |
| TOTAL VALUE OF EXEMPTIONS AND/OR REFUNDS | $ 23,089,802 |
EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT¶
| Goods And Services | Eligible Suppliers | V.I. Suppliers | Non-Local | Total |
|---|---|---|---|---|
| Raw Materials, Components | ||||
| Food, Beverages | ||||
| Freight Charges | 576 | 576 | ||
| Insurance | 2,640 | 14,322 | 16,962 | |
| Legal / Accounting | 27,151 | - | 38,955 | 66,106 |
| Advertising / Promotion | 1,177 | 1,177 | ||
| Utilities (Tel., Water, Elect., etc.) | 29,901 | 29,901 | ||
| Interest and Other Banking Charges | 440 | 187 | 627 | |
| Supplies | 6,789 | 8,194 | 2,817 | 17,800 |
| Repairs / Maintenance | 1,098 | 7,441 | 1,771 | 10,310 |
| Other (List Separately ) | 12,520 | 120,219 | 51,242 | 183,981 |
| Sub-total, Goods and Services: | 47,558 | 170,589 | 109,294 | 327,441 |
| Capital Expenditures: | ||||
| Building & Improvement | ||||
| Leasehold Improvements | ||||
| Machinery / Equipment | 1,599 | 880 | 2,479 | |
| Furniture / Fixtures | ||||
| Vehicles | ||||
| Other (List Separately ) | ||||
| Subtotal, Capital Expend. | 1,599 | 880 | 2,479 | |
| GRAND TOTALS | 47,558 | 172,187 | 110,174 | 329,919 |
Other Expenditures¶
| Goods And Services Eligible SiippHer | Va. Suppliers | Non-Local | Total | |
|---|---|---|---|---|
| 500 | 500 | |||
| 20 | 2.191 | 594 | 2.805’ LI`f | ) |
| 3.649 | TAW() 3.649 | |||
| 50,648 | 50,648 | |||
| 342 | 342 | |||
| 18.420 | 18.420 7: | |||
| 11.100 | 11.100 | |||
| 12.500 | 12,500 Ks | |||
| 8.836 | TKAI1X) 8.836 | |||
| 75.181 | 75.18! a rc’ | |||
| 12.520 | 120,219 | 51.242 | 183,981 |