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
- 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