Audiovox 2008 Annual Report Download - page 118

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Audiovox Specialized Applications, LLC and Subsidiary
(A Limited Liability Company)
Consolidated Statements of Members' Equity
November 30, 2007, 2006 and 2005
2007 2006 2005
Balance, beginning $ 23,336,848 $ 24,145,549 $ 21,723,411
Net income 6,881,233 5,795,107 4,716,396
Member distributions (4,089,423) (6,603,808) (2,294,258)
Balance, ending $ 26,128,658 $ 23,336,848 $ 24,145,549
See Notes to Financial Statements
4
Source: AUDIOVOX CORP, 10-K, May 14, 2008