Sunday, June 3, 2012

Update for week ending June 3, 2012


Assets
Cash                         201,736,063.67 ISK
Sell Orders                  720,785,226.00 ISK
Escrow                       298,892,557.00 ISK
Contracts                              0.00 ISK
-----------------------------------------------
Total Current Assets       1,221,413,846.67 ISK
===============================================


I'm up just over 156 million as compared to this time last week. This is actually a very good result, for several reasons:
  • I played a lot of Diablo 3 last week. In fact, there were a few days that I did even log into EVE at all to adjust prices
  • I lost ISK on a few large transactions. I purchased two Oracles, and the sale price just dropped, despite my having a 25% margin of safety. 
  • I purchased skills and implants for my alts to the tune of 35 million ISK
You'll also notice that I eliminated the fixed assets and liabilities portion of my balance sheet above. I did so because it wasn't relevant information. Liabilities, for example, are likely to always be 0. I have no plans on taking on loans to increase my business. I'm "bootstrapping" the company, as they say.

As for capital assets, these numbers represent what Meili has in her possession. If I have to keep track of the assets of all my alts, it's going to take a lot of time to maintain those numbers. And they're generally irrelevant anyway. Those numbers aren't likely to change much, since I only use a few hauling ships (fast frigates, a few industrials, etc).

If I change businesses, then I'll consider re-including asset information. But for now, Cash and Market Orders are all that I'll be reporting on.




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