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Cal-Maine Foods Inc – ‘8-K/A’ for 10/12/05 – EX-99.4

On: Wednesday, 12/28/05, at 1:39pm ET · For: 10/12/05 · Accession #: 897069-5-3005 · File #: 0-04892

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

12/28/05  Cal-Maine Foods Inc               8-K/A:2,9  10/12/05    8:849K                                   Foley & Lardner/FA

Amendment to Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K/A       Amendment No. 1                                     HTML     25K 
 2: EX-23.1     Consent                                             HTML      7K 
 3: EX-99.1     Audited Financial Statements                        HTML    140K 
 4: EX-99.2     Financial Statements                                HTML    112K 
 5: EX-99.3     Financial Statements                                HTML     19K 
 6: EX-99.4     Financial Statements                                HTML     15K 
 7: EX-99.5     Financial Statements                                HTML     49K 
 8: EX-99.6     Financial Statements                                HTML    233K

EX-99.4 — Financial Statements

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Exhibit 99.4

Financial Statements
(Unaudited)

Hillandale Farms of Fla., Inc.

Balance Sheet	1
Statements of Income	3
Statements of Cash Flows	4
Notes to Financial Statements (Unaudited)	5

Balance Sheet
July 30, 2005
Hillandale Farms of Fla., Inc.

See accompanying notes.

Balance Sheet
July 30, 2005
Hillandale Farms of Fla., Inc.
(Concluded)

See accompanying notes.

Statements of Income
For the Four Weeks and Fourteen Weeks Ended
July 30, 2005 and October 2, 2004
Hillandale Farms of Fla., Inc.

See accompanying notes.

Statement of Cash Flows
For the Four Weeks and Fourteen Weeks Ended
July 30, 2005 and October 2, 2004
Hillandale Farms of Fla., Inc.

See accompanying Notes.

Notes to Financial Statements (Unaudited)
As of and for the Four Weeks Ended July 30, 2005 and
for the Fourteen Weeks Ended October 2, 2004
Hillandale Farms of Fla., Inc.

Note 1 — Summary of Significant Accounting Policies

Business and credit risk concentrations

Hillandale Farms of Fla., Inc. (the Corporation) produces finished feed that is sold at both retail and wholesale. Credit is extended to various customer accounts throughout Florida and Alabama. The Corporation’s customer accounts are generally not secured by collateral.

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and to disclose contingent assets and liabilities. Actual results could differ from these estimates.

Fiscal year

The Corporation’s fiscal year ends on the Saturday nearest to June 30. This practice results in a 52-week or 53-week fiscal year.

Common ownership

The Corporation, Hillandale Farms, Inc. and Columbia Grain & Ingredients, Inc. are owned and operated by a common group of stockholders. The existence of such common control could result in operating results or financial position of the Corporation that differ from those that would have been obtained if the entities were autonomous.

Note 2 — Related Party Transactions

Sales of feed are made to separate entities owned by all or some of the stockholders. Material sales to related parties amounted to approximately $2.8 million, for the four weeks ended July 30, 2005. Material purchases from related parties amounted to approximately $2.4 million, for the four weeks ended July 30, 2005. Rental and lease income received from related parties amounted to approximately $86 thousand for the four weeks ended July 30, 2005.

Sales of feed are made to separate entities owned by all or some of the stockholders. Material sales to related parties amounted to approximately $11.9 million, for the fourteen weeks ended October 2, 2004. Material purchases from related parties amounted to approximately $10.3 million, for the fourteen weeks ended October 2, 2004. Rental and lease income received from related parties amounted to approximately $270 thousand for the fourteen weeks ended October 2, 2004.

Note 3 – Subsequent Events

Effective July 28, 2005, fixed assets of two of the four divisions of the Corporation were transferred to a newly formed Limited Liability Company. The new entity is named Hillandale, LLC. Also, feed and ingredients inventory of three of the four divisions, with related liabilities were transferred to the new Limited Liability Company. In addition, most of the assets and liabilities of Hillandale Farms, Inc. were transferred to this newly formed entity. A controlling majority of this newly formed entity will be sold to Cal-Maine Foods, Inc., which is expected to be finalized in September 2005.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K/A’ Filing	Date	Other Filings

Filed on:	12/28/05
For Period End:	10/12/05	8-K
	7/30/05
	7/28/05	8-K
	10/2/04
		List all Filings

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Filing Submission 0000897069-05-003005 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Cal-Maine Foods Inc – ‘8-K/A’ for 10/12/05 – EX-99.4

On: Wednesday, 12/28/05, at 1:39pm ET · For: 10/12/05 · Accession #: 897069-5-3005 · File #: 0-04892

Previous ‘8-K’: ‘8-K’ on 10/18/05 for 10/12/05 · Next: ‘8-K’ on 3/30/06 for 3/27/06 · Latest: ‘8-K’ on 4/4/24 for 4/1/24

Amendment to Current Report — Form 8-KFiling Table of Contents

EX-99.4 — Financial Statements

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Financial Statements(Unaudited)

Hillandale Farms of Fla., Inc.

Table of Contents

Balance SheetJuly 30, 2005 Hillandale Farms of Fla., Inc.

Balance SheetJuly 30, 2005 Hillandale Farms of Fla., Inc.(Concluded)

Statements of IncomeFor the Four Weeks and Fourteen Weeks Ended July 30, 2005 and October 2, 2004Hillandale Farms of Fla., Inc.

Statement of Cash FlowsFor the Four Weeks and Fourteen Weeks Ended July 30, 2005 and October 2, 2004Hillandale Farms of Fla., Inc.

Notes to Financial Statements (Unaudited)As of and for the Four Weeks Ended July 30, 2005 and for the Fourteen Weeks Ended October 2, 2004Hillandale Farms of Fla., Inc.

Note 1 — Summary of Significant Accounting Policies

Note 2 — Related Party Transactions

Note 3 – Subsequent Events

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to Current Report — Form 8-K
Filing Table of Contents

Financial Statements
(Unaudited)

Balance Sheet
July 30, 2005
Hillandale Farms of Fla., Inc.

Balance Sheet
July 30, 2005
Hillandale Farms of Fla., Inc.
(Concluded)

Statements of Income
For the Four Weeks and Fourteen Weeks Ended
July 30, 2005 and October 2, 2004
Hillandale Farms of Fla., Inc.

Statement of Cash Flows
For the Four Weeks and Fourteen Weeks Ended
July 30, 2005 and October 2, 2004
Hillandale Farms of Fla., Inc.

Notes to Financial Statements (Unaudited)
As of and for the Four Weeks Ended July 30, 2005 and
for the Fourteen Weeks Ended October 2, 2004
Hillandale Farms of Fla., Inc.