Document K61Dp77eG6MeakMBaL1Q5GyvX

PLAINTIFFS . ^ EXHIBIT : l:^-^UC^038^.: SECURITIES AND EXCHANGE COMMISSION WASHINGTON. D. C. 20549 FORM 10-K UAY3 '*, ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d5 OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31. 1968 Commission File Number 1-1463 UNION CARBIDE CORPORATION (Exact name of__registrant as specified in its charter) _New York (State or other jurisdiction of incorporation or organization) 13-1421730 (I.R.S. Employer Identification No.) 270 Park Avenue. New York, New York (Address of principal executive offices) 10017 (Zip Code) Securities registered pursuant to Section 12(b) of the Act: Title of each ci,ass Name of each exchange on which registered S4 Par Value Capital Stock of Union Carbide Corporation New York Stock Exchange Midwest Stock Exchange Pacific Coast Stock Exchange 5.30% Sinking Fund Debenture* due 1997 New York Stock Exchange 1. NUMBER OF EQUITY SECURITY HOLDERS As of December 31, 1968 the following is the approxi mate number of holders of reccrd of equity securities of the Registrant: (A) (B) Title of Class Number of Record Holders $4 Par Value Capital Stock of Union Carbide Corporation 203,000 2. INCREASES AND DECREASES IN OUTSTANDING EQUITY SECURITIES $4 PAR VALUE CAPITAL STOCK OF UNION CARBIDE CORPORATION Outstanding (not including 713,054 shares held by the Corporation) December 31, 1967 60,454,484 Shares Issued at. various dates under Union Carbide Stock Option Plans 10,540 Shares Outstanding (not including ` 713 054" shares held by the Corporation) December 31, 1968 60.465,024 Shares 3. PARENTS AND SUBSIDIARIES OF REGISTRANT Subsidiaries of the Registrant Subsidiaries Included in the Consolidated Financial Statements: Name of Comcanv The African 'Manganese Company Limited Ucar Plastics (Ghana) Limited State or Sovereign .Power of Incorporation England Ghana Percentage of Voting Securities O^ned or Controlled 10Q.00% 100.00 3. PARENTS AND SUBSIDIARIES OF REGISTRANT (Continued) (6) The interest in Elettrografite Meridionale S.p.A. is owned by Union Carbide Italia S.p.A., 100% of whose voting securities is owned by Union Carbide Corporation. (7) The interest in Evipak, S.A. is owned by Union Carbide Belgium N.V., 100% of whose voting securities is owned by Union Carbide Corporation. (8) The interest in Maria Cristina Chemical Industries, Inc. is owned in part by Union Carbide Corporation and in part by Union Carbide Philippines, Inc. In addition, the Corporation owns or controls other subsidiary and 50%-owned companies for which financial state ments are not submitted. These companies, together with tlje above-named 5 0%-crwned companies, if considered in the aggrepgate as a single subsidiary, would not constitute a signifi cant sunsidiary. ( BLANK PAGE 3. PARENTS AND SUBSIDIARIES OF REGISTRANT (Cc Name of Company Black Marlm Pipeline Company The Chrome Company Limited Chrome Corporation (South Africa) (Prt Ore Sales & Services Limited Compagnie Industrielle Savoie-Acheson Companhia Deservclvime'nto de Industrias Dexter Realty Corporation Dunkermotoren Pcazis,.ons-Kleinstmotoren Electric Furnace Products Company, LimiAktieselskabet Meraker Smelteverk Aktieselskabet Saudefaldene National Carbon Eveready, S.A. Ruighoek Chrome Mines (Proprietary) L S.A. White Martins Cia. Nacional de Calcareos e Deriva> Eletrometalurgica Satdade Ltde. S.A. white Martins Nordeste" The Englander-Company, Inc Farmacoutica Umca S-A. de C.V. Grower Service Corporation International Eveready Company, Limited International Medical Associates, Incor Jennat Corporation La Littorale S A ML Development CcrporatLon (Indiana) Nacon Corporation Heisler Laboratories, Inc. Nitrogen Service Cc Ccean Systems. Inc Ponce Construction Corporation Rhodesia Chrome Mines Limited The African Chrome Mines Limited Seadrift Pipeline Corporation Soilserv, Inc South Charleston Sewage Treatment Con-pa Thailand Smelting and Refining Company Tide Products, Inc. Ucar S.A. Ucar Interaro Inc Ucar Minerals Corporation Ucar Pipeline Incorporated Unicarb Comercial, S.A. de C.V. Union Carbide Africa Limited Union Carbide Argentina S.A.I.C. Union-Carbide Asia Limited Union Carbide Australia Limited Union Carbide Austria G.m.b.H. Union Carbide Belgium N.v. Union Carbide do Brasil S.A.I.C. Eletro Manganes S.A. Union Carbide Canada Limited Becker Drilling (Alberta) Limited Becker Manufacturing & Drilling, Ii Becker Manufacturing Ltd. Campbell Containers Limited Dominion viscose Products Limited Polyethelene Bag Canada Limited Union Carbide Canada Mining Ltd. State or Sovereign Power of Incomoration Percentage of Voting Securities Owned or Controlled Texas England South Africa England France Brazil Ohio Germany Canada Norway Norway Mexico South Africa Brazil Brazil Brazil Brazil New York Mexico New York Canada Delaware California France Indiana New York Delaware Texas New York Puerto Rico England England Delaware California West Virginia Thailand Texas Switzerland Delaware Delaware Delaware Mexico Delaware Argentina Hong Kong Australia Austria Belgium Brazil Brazil Canada Alberta (Canada) Delaware Alberta (Canada) Ontario (Canada) Ontario (Canada) Canada Canada 90.00% 1C0-00 96.. 91 100.00 56.50 100.00 100.00 100.00 100.00 100.00 10C.00 ICO.00 100.00 50.14 50.14 50.14 50.14 100.00 100.00 100.00 100.00 100.00 100.00 88.21 100.00 31.0C 100.CO 100.00 68.72 100.00 100.00 100.00 100.00. 100.00 100.00 70.00 80.00 100.00 100.00 100.00 100.00 100.00 100.00 99.15 100.00 (1) 60.00 100.00 100.00 100.00 55.00 75.00 (2) 75.00 75.0C 75.00 75.00 75.00 75.00 75.00 3. PARENTS AND SUBSIDIARIES OF REGISTRANT (Conti Name of Company Union Carbide Caribe Inc. Union Carbide Centro Americana, S.A. Union Carbide China Taiwan Limited Union Carbide Colombia, S.A. Union Carbide Comm'inications Company, Inc. Union Carbide Deutschland G.m.b.H. Union Carbide Eastern, Inc. Union Carbide Ecuador C.A. Union Carbide Europe S.A. Union Carbide Europe, Inc. Union Carbide Iberica, S.A. Union Carbide European Research Associates Union Carbide Exploration Corporation Union Carbide Food Products, Inc. Union Carbide Ghana Limited Union Carbide India Limited ^ Union Carbide Inter-America, Inc. Union Carbide Comercial' de Chile Limitad Union Carbide International Capital Corpor Doroet Limited Union Carbide Canada Limited Union Carbide and Carbon Research Lahore Dominion Mines and Quarries, Limited Emet Limited Metals and Ores Limited Orcor Transportation Company Orship Incorporated Ortran Limited Sonca Industries Limited Ucar Limited Union Carbide Asia Limited National Carbon Limited Dominion Oxygen Company, Limited Union Carbide Caribe Inc. Union Carbide Iberica, S.A. Visking Limited Union Carbide Italia S.p.A. Union Carbide Kenya Limited Union Carbide Malaysia Sdn. Bhcl. Union Carbide Mexicana, S.A. Union Carbide Middle Africa, Inc. Union Carbide Middle East Limited Union Carbide Navarra, S.A. Union Carbide Iberica, S.A. Union Carbide New Zealand Proprietary Lim Union Carbide Norden Aktiebolag Union Carbide Pan America, Inc. Union Carbide Pan America, S.A. de C.V. Union Carbide Pan America Sociedade Civ Union Carbide Petroleum Corporation Union Carbide Philippines, Inc. Union Carbide Rhomet (Private) Limited Union Carbide Services Eastern Limited Union Carbide Singapore Limited Union Carbide South Africa (Proprietary) Union Carbide Southern Africa, Inc. Union Carbide U.K. Limited British Acheson Electrodes Limited State or Sovereign Power of IncorDoration Percentage of Voting Securities Owned or Spntrplled Puerto Rico Costa Rica Taiwan Colombia Delaware Germany Delaware Ecuador Switzerland Delaware Spain Belgium Delaware Hew York Ghana India Delaware Chile New York Canada Canada New York Canada Canada Singapore Liberia Panama England Hong Kong Canada Hong Kong Canada Canada Fuerto Rico Spain Ontario (Canada) Italy Kenya Malaysia Mexico Delaware Delaware Spain Spain Australia Sweden Delaware Mexico Brazil Delaware Philippines Rhodesia Hong Kong Singapore South Africa Delaware England England Venezuela 100.,0096(3) 100. 00 100.,00 100.,00 100..00 100..00 100. 30 100.,00 100..00 ICO..00 100..00 (4) 100..00 100..00 100..00 75..00 60..00 100..00 100..00 100..00 100..00 75..00 (2) 100..00 100..00 100..00 100..00 100..00 100..00 100..00 100..00 ICO..00 100..00 (1) 100..00 100..00 100..00 (3) ICO,.00 (4) 100,.00 100..00 75..00 80..00 60..00 100,.00 100..00 100..00 100..00 (3) 100..00 100,.00 100..00 100,.00 100..00 100..00 96..62 (5) 100..00 100..00 100..00 100..00 100..00 100..00 60..00 100..00 3. PARENTS AND SUBSIDIARIES OF REGISTRANT (Continued) Companies, Approximately 50% Owned, Included in the Consolidated Financial Statements at an Equity in Net Assets Basis Only: Name of Company State or Sovereign Power of Incorooration Argon, S.A. Bakelite Xylonite Limited British Xylonite Company Limited BXL Industrial Products Group Limited BXL Plastics Materials Group Limited Bakelite (India) Private Limited Extrudex Limited The Darton Manufacturing Company Ltd. Expanded Rubber and Plastics Limited Onazote Insulation Company Limited Jackson Polythene Ltd. Plastic Printers Limited Transatlantic Plastics Limited TP Polyplastic Converters Limited filettrografite Meridionale S.p.A. Svipak. S.A. Industrial Water Company Maria Cristina Chemical Industries, Inc Nippon Unicar Company Limited Tamimo S.A. Unifos Kemi AB -- Unifos Xeni A/S Unifos Kjemi Norsk A/S Viscora, S.A. Viskase Limited Spain England England England England India England England England England England England England England Italy Belgium - Texas Philippines japan France Sweden Denmark Norway France England (5) (7) (8) (1) 56.90% of the voting securities of Union Carbide Asia Limited is owned by Dominion Mines and Quarries, Limited and 43.10% thereof by Union Carbide Corporation. (2) 51.00% of the voting securities of Union Carbide Canada Limited is owned by Union Carbide Corporation and 24.00% thereof by Union Carbide International Capital Corporation. (3) 66.50% of the voting securities of Union Carbide Caribo Inc. is owned by National Carbon Limited and 33.50% thereof by Union Carbide Corporation. (4) 50.00% of the voting securities of Union Carbide Iberica, S.A. is owned by Union Carbide Navarra, S.A., 25.00% thereof by National Carbon Limited, and 25.00% thereof by Union Carbide Europe, Inc. (5) 93.23% of the voting securities of Union Carbide Philippines, Inc. is owned by Union Carbide Corporation and 6.77% thereof by Maria Cristina Chemical Industries, Inc., 50% of whose votiner secur'* 10. FINANCIAL STATEMENTS AND EXHIBITS (a) The following financial statements of the Registrant are incorporated by reference to Item 31 of Post-Effective Amendment No. 1 to Form 3-1 Registration Statement (SEC File No. 2-28564) of Union Carbide Corporation, filed with the Securities an ' Exchange Commission pursuant to the Securities Act of 1933: Bailee Sheet-Corporation and Consolidated, December 31, 1963 Statement of Earning3 and Retained EarningsConnolidated, five years ended December 31, 1968 Corporation, three years ended December 31, 1968 Notes to Financial Statements The following arc bound and filed as a separate part of thi3 Annual Report: Description Schedule Page Number Number Consent and Opinion of Independent Certified Public Accountants 1 Amounts Due from Directors', Officers, and Principal Holders of Equity Securities Other Than AffiliatesCorporation and Consolidated II 2 Investments in Securities of Affiliates-Corporation III 3 Indebtedness cf Affiliates-Corpcraticn IV 4 Proru-rty, Plant, and EquipmentCorporation J5 Property, Plant, and EquipmentConsolidated * V6 Accumulated Depreciation end Amortization of Property, Plant, and Equipment-Corporation VI 7 Accumulated Depreciation and Amortization of Property, Plant. and Equipment-Consolidated VI 3 Intangible Assets-Corporation and Consolidated VII 9 Bonds, Mortgages, and Similar DebtCorporation and Consolidated IX 10-11 Reserves-Corporation and Consolidated XII 12 Capital Shares-Corporaticr. and Consolidated XIII 13-14 Income from Dividends - Equity in Net Profit and Loss of AffiliatesCorporation All other schedules are omitted as not aoplicable or not required. XVII x5 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Annual Report to be signed on its behalf by the undersigned thereunto duly authorized. iWION CARBIDE CORPORATION (Registrant) Date JOHN A V. iUii By John A. Willis Controller Huroman and Cranstoun CtMTiriCO Pull.C ACCOUNTANTS 1 mo Broaowat New Yo, N.Y. 10009 CCWSEWT AND OriNION OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS We hereby consent to the incorporation by reference as part of the Annual Report Form 10-K of Union Carbide Corporation for the year ended December 31, 1968 of our opinion dated February 24, 1969 appearing in Post-Effective Amendment So. 1 to the Registration Statement Form S-l (SEC File No. 2-28564) of Union Carbide Corporation in the form in which it became effec tive, filed on April 7, 1969 with the Securities and Exchange Commission pursuant to the Securities Act of 1933. In connection with our examination cf the financial statements of Union Carbide Corporation and Union Carbide Corporation and its consolidated subsidiaries as of December 31, 1968, which are included in the prospectus,' we have also examined the related supporting schedules as listed in the accompanying Item 10. In our opinion, these schedules present fairly the information required to be submitted under the regulations of the Securities and Exchange Commission, in conformity with generally accepted accounting principles applied on a basis consistent with chat of the preceding year. New York. New York April 10. 1969 Certified Public Accountants UNION CARBIDE CORPORATION and UNION CARBIDE CORPORATION AND CONSOLIDATED SUBSIDIARIES 2 SCHEDULE II - AMOUNTS DUE FROM DIRECTORS, OFFICERS. AND PRINCIPAL HOLDERS OF EQUITY SECURITIES OTHER THAN AFFILIATES YEAR ENDED DECEMBER 31, 1968 Note : Under Rule 3.04 "Omission of Substantially Identical Notes," reference is hereby made to Note 10, Incentive Program, of Notes to Financial Statements. The total shares covered by Agreements with directors and officers of the Corporation and the amounts of such Agreements are as follows: Directors J A. S . Johnson Birney Mason, Jr. Officers who are not Directors: P. L. Alspaugh E. E. Fogle C. H. Hageman F. L. Jennings J. c # ShanXlin W. s. Sneath G. c. Wells c ^ ?. Wilson January 1. 1968 Number of Shares Amount Additions Durina 1968 Number of Shares Amount (Dollar Amounts in Thousands) 5,000 1,200 $ 206 49 ' 3,850 5,000 2,000 2.850 575 4,000 975 251459 159 206 82 116 23 165 39 51,045 4,000 4.000 $165 S165 These directors and officers made payments of an aggregate amount of $39,190 during the year to reduce the unpaid balances under their Agreements, resulting in the release of 925 pledged shares. BLANK PAGE Name of Issuer and Title of Issue(a) Consolidated Subsidiaries: Black Marlin Pipeline Company The Englander Company, Inc. Korad Corporation National Carbon Limited Neisler Laboratories, Inc. Ocean Systems, Inc. ieadrift Pipeline Corporation Union Carbide Canada Limited Union Carbide Caribe Inc. Union Carbide International Capital Corporate Union Ore Corporation Dunkermotoren Prazisions-Kleinstmotoren G.m.b Northwest Guyana Mining Co. Ltd. U :ar Minerals Corporation Union Carbide Australia Limited Union Carbide Navarra, S.A. Union Carbide Singapore Limited Union Carbide U.K. Limited Union Carbide Belgium N.V. Union Carbide Deutschland G.m.b.H. ' Union Carbide India Limited Union Carbide Mexicans, S.A. Nacon Corporation Union Carbide Petroleum Corporation Union Carbide do Brasil S.A.I.C. Union Carbide Hellas S.A. Union Carbide China (Taiwan) Limited Other Consolidated Subsidiaries (b) Total Consolidated Subsidiaries 50%-Owned Companies: Argon, S.A* Bakclite xylonite Limited Industrial Water Company Nippon Unicar Company Limited S.p.A. Celene Unifos Kemi AB Viscora, S.A. Other 50%-Owned Companies(c) Total 505-C*-*r-id Companies Unconsolidated Subsidiaries(d) (a) All investments represent ownership of capita (b) Includes 58 and 56 companies at beginning am i (c) Includes 6 and 5 cenp-nias beginning an ' d; Includes 15 and 13 i--n _.ani - beginning .-; Represents cash unless otherwise noted. (f) Received in exchange ::r capital stock of sul (g) Intercompany reclassification of investment i fh) $8,835,000 representing a distribution of she (i) Dissolution of subsidiary into the Corporatic (j) Writeoff of investment (See Note (b) to State (k) Stock dividend. 1 CARBIDE CORPORATION STHENTS IN SECURITIES OF AFFILIATES NDEP DECEMBER 31. 1968 t AMOUNTS IN THOUSANDS) 3 lance at ng of Period of 3 Amount ________Additions________ Number of Shares Amount(e) Deductions Number of Shares Amount(e) Balance at Close of Period Humber of Shares Amount 20 $ 1.407 00 5.000 15 1.034 71 15.153 90 2.510 14 3,614 00 1,500 00 4.355 00 2,000 95 5. 215 00 1.850 1 1. 361 :o 10,600 00 1,201 36 3,362 JO 2,713 OO 1.130 30 5,820 30 19.112 3 4,305 30 3.602 30 S. 500 L5 - 315 30 196 - - - 11.628 4,480 $ 161 2,066 1.033 5 15,971(f) 624,5870c) 2,504 247,500 3.775(g> 49,373 315 13,200 37,390,134 1,000 9,100 1,013 6,364 12,085 (h) 1,000 2.275 2.075 5- 9,615 10,071 1,034 (i) 15,153 2;400,C00 1,554 106,000 10,600 (j) ___ 919 44,800 $ 1,568 100 -- 5,000 80,090 5,680 15,000 5.100,000 2,000 110 370,000 1 - 200 3,747,523 65,000 700,000 6,500.000 357,500 3 2,457.000 840,000 630 13.500 37.390,134 1.000 9.100 2,510 4,697 1.500 3.301 2,000 21.186 1.850 1,361 -- 1.201 3,382 5,222 1,139 9,595 68,485 4.306 3,602 6,500 1,328 6,510 12,085 1,000 2,275 12.784 181*379, 6 s 1.237 5 12,437 3 1,250 0 989 0 5,927 0 3,722 0 404 674 26.640 1*962 700 ? 251 ' _____ ____ $ 3.775(g) 500.000 5,927 3 9.702 S 2.90$ ned companies, rtively. Lvely. rtively (included in Other Investments). 2,456 5,580.185 12.500 180.000 - * 240.000 21.000 $ 1,488 8.662 1,250 989 - 3,722 404 674 $ JUU32 $ _____S2& ited subsidiary. I Earnings and Retained Earnings) UNION CAJ SCHEDULE III - INVBSIME1 YEAR ENDED (nOT.TAP Aw Name of Issuer and Title of Iasue(a) Consolidated Subsidiaries: Black Marlin Pipeline Company The Englander Company, Inc. Korad Corporation National Carbon Limited Neisler Laboratories, Inc. Ocean Systems, Inc. ieadrift Pipeline Corporation Union Carbide Canada Limited Union Carbide Caribe Inc. Union Carbide International Capital Corporation Union Ore Corporation Dunkermotoren Prazisions-Xleinstmotoren G.m.b.H. Northwest Guyana Mining Co. Ltd. Utar Minerals Corporation Union Carbide Australia Limited Union Carbide Navarra, S.A. Union Carbide Singapore Limited Union Carbide U.K. Limited Union Carbide Belgium N.V. Union Carbide Deutschland G.m.b.H. Union Carbide India Limited Union Carbide Mexicans, S.A. Macon Corporation Union Carbide Petroleum corporation Union Carbide do Brasil S.A.I.C. Union Carbide Hellas S.A. Union Carbide China (Taiwan) Limited Other'Consolidated Subsidiaries (b) Total Consolidated Subsidiaries 50%-Owned Companies: Argon, S.A. Bakelite xylonite Limited Industrial Water Company Nippon Unicar Company Limited S.p.A. Celene Unifos Kemi AB Viscora, S.A. other 50%-Owned Companies(c) Total 5051-UVr.'c.u companies Unconsolidated Subsidiaries(d) Balanc Beginning c Number of Shares 40,320 100 9,615 10,071 80.090 3,614 15.000 7.500.000 2,000 105 370.000 1 106.000 200 3,122,936 65.000 700.000 6.500.000 110,00C 3 2.457.000 840.000 315 300 1.756 5,580,185 12,500 180,000 500.000 240.000 21,000 : *< (a) All i.\v5tments represent ownership of capital stock in above-named (b) Includes 5B and 56 comp;..-'.as at beginning and end of year, respectiv (c) Includes and 5 cor.p-. ios beginning an- of year, respective! ;d; Includes 15 and 13 c.-,: beginning .-r.a e;.s or year, respectiv . , Represents cash unless orhor^iae noted. (f) Received in exchange ror capital stock of subsidiaries. (g) Intercompany reclassification of investment to historical value. fh) $8,835,000 representing a distribution of shares from a consolidated (i) Dissolution of subsidiary into the Corporation. (j) Writeoff of investment (See Note (b) to Statssient of consolidated Ea (k) Stock di/idend. 3 OF AFFILIATES ) ) ditions of Amount(e) Deductions Number of Shares Amount(e) Balance at Close o Period Number of Shares Amount 480 $ 161 366 1. 00 3 5 15,971(f) >8 70c) 2,504 3,775(g) 00 49,373 15 1,013 :>o 6, 364 34 12,085 (h) 00 1,000 JO 2. 275 2,075 $97,679 9,615 10,071 2,400.000 106,000 $- 1,034(i) 15,153 1,554 10,600(j) - ' 919 $29.260 44,800 100 - - 80,090 5,680 15,000 5,100,000 2.000 110 370,000 1 200 3,747,523 65,000 700,000 6,500,000 357,500 3 2,457.000 840,000 630 13,500 37,390,134 1. ?C3 9: 100 $ 1.568 5,000 - - 2,510 4,697 1.500 3,301 2,000 21,186 1.850 1.361 - 1.201 3,382 5,222 1,130 9,595 68.485 4,306 3,602 6,500 1,320 6,510 12,085 1,000 2,275 --12^.784 $134,378 00 ? 251 i_____U2> $ 462 $ 3.775(g) 500,000 5.927 -2-122 s.,,2i295 2,456 5,580,185 12,500 180,000 - 240,000, 21,000 $ 1,488 8,662 1,250 989 -` 3,722 404 674 & iz-ias ______ )ther Investments). d Earnings) UNION CARBIDE CORPORATION SCHEDULE IV - INDEBTEDNESS OF APFTT.TATRS (AMOUNTS IN THOUSANDS) 4 Name of Affiliate Consolidated Subsidiaries: Black Marlin Pipeline Company The Englander Company, Inc. Grower Service Corporation Korad Corporation Seadrift Pipeline Corporation Soilserv, Inc. Tide Products, Inc. Unio>~ Carbide Petroleum ------ Corporation Northwest Guyana Mining Co. Ltd. Thailand Smelting and Refining Company Limited Other Consolidated Subsidiaries December 31. 1968 1967 $ 3.956 $ 4.395 9,329 ' 9.829 3,160 2,160 - 1,555 7,115 8,315 1.476 1,476 5,026 4,661 26.019 - 23,769 6,305 7.376 3.606 8,108 3,170 t*. BLANK PAGE m GD N S in U *-* o> e u oo MH OH V& trv MU 0 UNION CARBIDE CORPORATION z cn < h V1 ffl fN O' r* on O .c c JJ M O.C O 4i V z h r* kj n oo m JJ m eS w O o GO 2 |Q r* o sr 85 * 04 10 'aHj U*J </> 10 <X W mO C 4J r* PS 0 03 .--I o o <N % K 4J O o m H in *D JJ *o 10 w PS < ^-CS'C " c fU, IT. 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T vO v? vO vO i"- O o CM o oon o * om oO o <N * o VO <N in pH \D 10 m rn </V o in o o vO vO o in m on r* r a> pH 1 ON * r* ON pH G O' U VO vO 1 CN O ON HJ H i pH C ft ON o ft--1 Hi 0 'H vO On 9 co a 73iO 13 c| on u * pH O 05 03 C rn (0 0 * 0 M U pH -H 0 3 'J u 0 c oMH -u >. m 3 O c ft U A 0 s o 03 ft 0 VO A p- ON pH 0 XI 00 c HJ >*pH 3o O m ft C - r- 1 0 pH CTO ON pH ON vO ON vO < ON ON u c pH pH jJ 0 H cA % 'd = ca 0 o pH 3 rn C 'J T3 pH ui o 0a 0 c H 1-1 ON pH % in pH A u u ft s 0 3 T3 , r* pH ON P** pH ON pH O* vO ON pH pH rn w o0 mn 00 Co 30 ft a pH >, 7Z 0 3 *0 to TJ c 03 0 H a4J H ft xft oEh 43 a 0 >i C a 0 S U ft 3 vO 0 ON ft *ft < oo T3 r* U lO 0 uuo O in 0 0 0 0 *0 vO jJ ph-p in ON * pH c ft ** O pH ON 0) pH 0 x> * ft o A a u 3 <1 0 33 T3 T3 - *. m3 m jj m HJ c C ft -4 M to c ft ft U it IQ JJ ^ u 000o IQ MO 10 C 0 T3 C A m3 m3 0) 0 in aJ n* 0 ON 2 PH 5h * U ON 0 0) u (0 0 Pt ^ 0 3 T3 c 0 m3 X G 0 3 *u c o J c 0 ON ft On u u X u CO 2o ft U > G M- -a e C0U 03 nHJ 3 0 Q X G X co 6e 00 U 4J ft 03 ft a m H bi ^ 0 -H 0 mo Cit r* ^ p w .. ^ s* u LO 0 >a in c0 33 10 o in vo ft m a* GO ft p* CQ ON ,, pH vO CU Q 0 ^w O pH O in vO *rO ON in pH aft in in O ther C o n so lid a te d S u b s id ia rie s UNION CARBIDE CORPORATION ' pH ft c 0 03 *H O xJ u H ft ' C T3 0 jJ H 6..H m3 -3- - 0. hJ H E pJ J TT 0 : hj H e.. -H A T3 jOj p< . J 4- ': c ----- - - t0' T to . ft c - ft C' 0 -C < 0 *0 u> pH . ft VH ft G o pH x ft 8 0 MCO 3 ft kl `H 03 H 0 Jj CD ft AJ <8 M HCM 0) M 0 0 2, W zft o ua* o cj .-- HJ S-! O 3 0 iH 0)ft O 0 M U s tj ja ft QIMh SB H-i ft ft ft U HJ ft H *h c a pH 0 ft Oh y to c CD 0 ft H XI ft u c 0 H c -D 0 *0 *H Ju3 - ft U c m0H c D. 0 T3 0 o -a- 0 '0 0 *0 A *o H pH p+.-'- H*.' 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(0 M t 0 H O CM <8 0 ' -- C - o id id r* as Li M -9 A o H<* *CiH -- u Oh 1 ci C AJ as sO' a m 3 tn oCJ os c 1 3 a> a H f-i <n as as -O <0 <9 0ino id id a> u *< d> a* -- ua H n . e m. -Ll o~ cj5 % Vl-^-4 8 3 -J hi c OB o 3 no >i a 3 2 0 a *-4 C * H .C *3 clog Aa a >1 c C 3 aW # e v* * 3 id Q d 23 D < ao0 13 r* O id o id id 1 01 H H 0i f> H 01 H in 0> H id 0\ JO H m o u u m X o n J3 n 3 c0 *0 3 2 m 3 3 jj ph 41 *n A pH a >, Li to sH H 6 3 -H *o cn % o c TJ c o aa 01 D> r*% UNION CARBIDE CORPORATION and UNION CARBIDE CORPORATION AND CONSOLIDATED SUBSIDIARIES SCHEDULE XII - RESERVES YEAR ENDED DECEMBER 31. 1968 (AMOUNTS IN THOUSANDS) 12 Description Corporation: Allowance for Doubtful Notes and Accounts Receivable Trade Balance at Beginning of Period Additions Charged to Profit and Loss or Income Deductions from Reserves (a* Balance-at Close of Period ?4,436 $1,709 . $1,424 .$4,721 Consolidated: Allowance for Doubtful Notes and Accounts Receivable Trade Other $7,206 372 S3.069 - $2,353 - $7,922 234 (a) Items determined to be uncollectible, less recovery of amounts previously written off. 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(See v >r<-- n e I- n r t er * n ' a t i o n a l iORPORATION IQ RPO RATIO H AMD C O N S O LID A TE D S U D S !D IA R IE S CAPITAL SHARES iHBER i_lt THSUSftBBS)___ z lz --------------------------:----of 45 Cl ^ M T3 >"D -- T3 U p4 u O PH 0 ,c 2c 0 Ol 2 o" 0) 0u o^S * VI 5 a3j (0 O u MOOM ( o 2^,< t* VM o u V* -I O -- O <M a TjW C 3 O i jS 3 Oil) 3g08 2s Z ' X) o oO o oo c o o O O 0 2 0) ki o *a - g` 5 2 I* 2 2 *9o *3 m H a pH g C 2^ O M 4J X U o o o o o 3 3o H1 u HM H JUJ\ } . e3 to 0 J3 2 ^f <3 >f O O . ^o* 3 O n H pH Cv 3 C^ 03 tZ > pH >% UX c *o H c *0 3 nO C9b tt *H h *o *o *> -H -4 g ca o a as io >D*~H #4 fa) w il oc rvO vO o CmD CM r> pH ** CM pH yC-/' o vn VC pH CO c 00 n CM* c PH O CM cm o3 m V0 o oo CO o cm vO pH in 0) c Qr c oo 2z o o o in <vNO O o o CVMO pH GO o VmO o o. o O .. o. o. vO 01 PM ooo% o vO m 1/t pS 3 O -4 C- > u bu U to O Cb pH O > C kt u G u H 7> ^o az LT U* o o CM c 0 p Jl BH o o> c ^u d . N^ U a0 63 u O -H o pH N 3 C 14 0u e_3 6 )H 0 U2> C o 41 A0 <1 pH o > (0 c0 c pH a3 HJ w 09 vo pH* 0o0 o pH CM C\ O vO av* n CM O% pH vO in a* r* cm O o Ov O o OO o o o O o CD O% o* o o* L*V r* o ov o o o CCMO ^ IN m vO o a r cm CM pH o o mo o <M O o m o% o% o 3 o o o o% CO o o in o CM Poi o o o> o in p* vO o pH o0 cc 00 22 c c 0 2 c 0 2 c 0 z o o o mCM oO O o oo mO o o o o o a pH *y o o in CHMT POH o o <7) o o m r- 10 o pH oo o o o o GO o pH o -O o pH o o oo oo o o tn o o o VO o o o oin r* 3c c pH O o h g o ^ 3 > 'O 3 -pH m E-* 3pH pH Lt C pH M X3 flj pH o c> > 2 o> o *H U 'U >% CU o pH U > o ' u pH V4 U o to o u pH cu fa (9 b 2 u C >,cu PH u 0. c bl -pH 44 c c o e jj c *0 3H U b < pH O CU 0 n c H *D Cu 0 go 6 (Q o o o u3 O O C3 pH a o O 2 U A* Cv C cH pH 44. .. X c O'* e -p4 4J AJ H TV3 p4 6pH 4 pH pH u 4J 3 < TJ x pH *D 4J ^6H j -pH epH 4 o >0 pH e T5 mC V H < Cfr c -Hu X 2SI CM n u Jc jj o pH `H pH U pH eH *H *3Q a c vc VaC VI c o r is aw c o o o 0 4J <M -pH M 4* U9 0 o O C -U 4J > 14 O M 2 u a c *m 4O4 b| M O o >1*0 pH .-H rH--** <QH,a*0 UC pH -pH HiiO > -pcH c m mo4 W W DC ofc) GO 2 c c c car- it V 4* C OS O O tl 1(11 x> v u C -- h~ c^ Aa JS v9i C C vl > A. a m a o e ii g ot*1i5n e cc O Tf Vi vl s UNION CARBIDE CORPORATION SCHEDULE XVII - INCOME FROM DIVIDENDS EQUITY IN NET PROPIT -------------------- ;------------- AND LOSS OP AFFILIATES YEAR ENDED DECEMBER 31. 1968 (AMOUNTS IN THOUSANDS! 15 Name of Issuer and Title of Issue Amount of Dividends Amount of Total of Equity in Related Net Profit Captions of and (Loss) Other Statement for this Cash (a) of Parninas Period Consolidated Subsidiaries Totally Held(b) $12,988 $8,835 $21,823 ($1,233) Consolidated Subsidiaries Not Totally Held: Compagnie Industrielle Savoie-Acheson Thailand Smelting and Refining Company Limited Union Carbide Argentina - - S.A.I.C. Union Carbide Australia Limited Union Carbide Canada Limited Union Carbide India Limited Union Carbide Malaysia Sdn. Bhd. Union Carbide Mexicana, S. A. Union Carbide Philippines, Inc . Other Companies(c) 171 2.458 637 583 3.168 486 124 780 356 -- - ... - 171 2,458 637 583 3,168 486 124 780 356 - 371 . 1,570 920 1,313 4,202 1,09.: 3`J3 1,897 1,315 (328) 50%-Cwned Companies: Bakelite Xylonite Limited (Consolidated) S.p.A. Celene Nippon Unicar Company Limited Unifos Kemi AB Other Companies(d) 629 241 497 251 332 629 241 497 251 332 700 (1.482) 717 224 285 Total Per Inc cane Statement S23.701 Sa.835 S33.536 Other Investments Included in Other Income A-- (a) Represents a distribution of shares of an investment from a consolidated subsidiary, before Canadian withholding tax. (b) 71 Companies (Including 1 Company Liquidated in 1968). (c) 5 Companies. cun