United Paracale 1937 Balance Sheet

Media

Part of The Marsman Magazine

Title
United Paracale 1937 Balance Sheet
Language
English
Source
The Marsman Magazine Volume II (No. 9) March 1938
Year
1938
Rights
In Copyright - Educational Use Permitted
Fulltext
ASSETS CURRENT ASSETS: C'ash on Hand and in Bank ......................... . Accounts Receivable ........................... · . · Machinery Parts and Supplies ............. · .. · .. · .. Bullion and Concentrates in Transit .............. . Bullion andl Concentrates on Hand .............. · FIXED ASSETS: Mine and Mining Properties ....... . p 480,423.14 UNITE.D PARACALE MINING COMPANY BALANCE SHEET As at 3bt December, 1937 I' 144,302.83 15,256.69 327,478.28 238,846.90 150,074.78 p 875,959.48 LIABILITIES CURRENT LIABILITIES: Accounts Payable Bank Advances Against Bullion & Concentrate Shipments ..................... ·.· ................. · · Accrued Expenses (Production Marketing) ....... . Accrued Taxes .................................. . RESERVES: Income Tax Add-Capital Development ......... . 1.045, 786.18 Pl,526,209.32 Buildings ···························· Mine Machinery and Equipment .•... Mill Machinery and Equipment .... . Powerhouse Machinery & Equipment .. . Assay Office Machinery & Equipment Blacksmith and Carpentry Shops Machinery 11.nd Equipment ....... . MisceDaneous Machinery and Equipment Furniture and Fixtures ........... . Water, Light and Power Systems ... . Roads, Trails and Bridges .......... . p 264,423.10 258,564.81 220,347.39 409,869.88 12,132.18 45,375.25 98,079.92 49,889.86 78,625.94 40,454.71 l,es8---Rmerve for Depreciation ......... . l'l,477' 763.04 523,289.53 954,473.51 2,480,682.83 INVESTMENTS: Philippine Smelting C'o. . ............ ., ......................... . 100,000.00 DEFERRED ASSETS: Prepaid Charges ........ , ...................................... . 1,812,09 1'3,458,454.40 N'ET WORTH: Capital Authorized, Issued ancl S-ubscribed11,000,000 shares at lOc each ................ .. Surplus· as at 31st December, 1936 . . . I' 2,251.77 Less-Prior Years Adjustment> during 1937 ............................. . 135. 78 2,115.99 Ada-Profit for the year t..o date ... ·.· . 386,690.56 Stock Premium ................................. . p 105, 738.15 221,203.92 39,829.20 17,183.30 I' 383,954.57 23,193.28 Pl,100,000.00 388,806.55 1,562,500.00 3,051,306.55 1'3,458,454.40