FOR AGES GAR ANT & FR ` ERES INC. T able of contents P age A UDITORS’ REPOR T ..................................................... F-44 FINANCIAL ST A TEMENTS Earnings ............................................................. F-45 R etained earnings ...................................................... F-46 Balance sheets ......................................................... F-47 Cash flows ............................................................ F-48 Notes to the financial statements ........................................... F-49 – F-55 F-43