Page 2 - Q1 2022 RNR

Financial Reporting Fiscal 2022 1st Quarter - R N R Construction, Inc. April 27, 2022
Matranga Bonds and Insurance Services
- 1 -
PO Box 428 Roseville, CA
Attention : cc :
95661
Stanley J. Matranga, CPCU Mr. Eric V. Matranga
Reference : Financial Reporting Fiscal 2022 - R N R Construction, Inc. 1st Quarter FY2022 ( 1 January 2022 – 31 March 2022 )
Dear Messrs. Matranga :
As is customary at quarterly intervals of each operational year, it is with pleasure that R N R Construction, Inc. submits its Financial Statements and Supplemental Information concluding its 1st Quarter of Fiscal Year 2022 starting January 1, 2022 and ending March 31, 2022.
This interim financial reporting is accompanied by R N R’s Internal Accounting Financial Statements, albeit vetted by R N R’s Certified Public Accountants. This information is highly confidential and exclusively for review solely by yourself and our Surety Underwriter.
The reader is referred to the extensive notification in previous reports regarding the email transmission of this document solely with secure email software and never ever as a simple attachment.
Concluding its 1st Quarter of FY2022 for a 3-month interval of operations closing on
31 March 2022, R N R Construction, Inc. reported gross profit from construction operations of $ 1,094,268 [-23.77%] and recorded Net Income of $ 585,498 [-40.95%] from total construction revenue of $ 9,225,849.
At the end of March 2022, R N R Construction, Inc. [ R N R ] had $ 11,661,438 in actual hard cash, $ 1,216,035 in Equities and Alternate Investments, listed net current operational receivables of $ 3,447,243 while total current assets registered at $ 18,858,238 and total assets reached $ 19,531,315. R N R’s working capital is $ 14,743,409 and Current Ratio is 4.58 and its Quick Ratio is 3.97, all these metrics are solely based on referenced liquid assets.
Current liabilities are at $ 4,114,829 which actual Accounts Payable is restrained at
$ 3,006,825. Of this, $ 2,073,650 is Subcontractor payables leaving a neatly constrained actual R N R operational payable.
R N R is constantly restless about backlog and R N R is highly solicited. R N R received contracts worth $ 17,542,628 in this 1st quarter pushing its backlog to $ 23,986,464, balancing its 1st quarter backlog burn and adding near $10 MM since closing of FY2021.