Document QkvY44pB22GGD12epevwpOORR

MAFCO CONSOLIDATED GROUP INC (Form 10-K, Received: 03/28/1997 00:00 0.. Page 68 of 116 Land Buildings Machinery and equipment Furniture and fixtures Leasehold improvements Construction-in-progres s Accumulated depreciation 1996 $ 1,884 14,140 33,220 1,614 361 " 51,219 (13,942) $37,277 1995 $ 2,259 19,814 47,888 2,190 276 640 73,067 (27,015) $46,052 Depreciation expense was $5.8 million, $5.5 million and $5.5 million for the years ended December 31, 1996,1995 and 1994, respectively. 6 ACCRUED EXPENSES Accrued expenses consisted of the following: (in thousands) DECEMBER 31. Employee benefits, severance and other compensation Interest Taxes payable Indemnification reserve and other tax reserves (see Note 9) Other 1996 $ 21,535 3,388 42,179 11,500 22,245 $100,847 1995 $ 21,614 4,737 219 11,500 17,445 $ 55,515 The mcrease in accrued expenses primarily reflects the tax liability related to the Flavors Disposition F-14 MAFCO CONSOLIDATED GROUP INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 7. OTHER LIABILITIES httpV/www.edgarpro com/EFX dll/EDGARpro.dll?FetchFilingHTMLl?ID=969943&Ses . 10/19/2003