Document Y4w7NE12o8JR3Vjy2BJdXeyK

PLAINTIFF'S EXHIBIT ASBESTOS INFORMATION ASSOCIATION/NORTH AMERICA FINANCIAL STATEMENTS (UNAUDITED) AUGUST 31,1979 CAP CO JEN OOI1128 4 Frantz & Company chartered Certified Public Accountants 1000VermontAvenue, N.W. Washington, D.C. (202)628-1950 BIS WtSCONSW AVENUE BETHESOA. MARYLAND ZOOM POIJM7-M70 3 FRANK C. FRANTZ, CPA JAMES K WARROLJR.CPA Michael g. Conaway, cm tVCHARO T. DAVB. CPA STEPHEN G. STRAOC.ce* LAURENCE 0. LEVY, CPA JOHN W. WEST, CPA ANDREW C. SAXLEHNER, CPA JOSEPH L QUINN, CPA ARTHUR AUERBACH, CPA To the Board of Directors ASBESTOS INFORMATION ASSOCIATION/NORTH AMERICA The accompanying balance sheet of ASBESTOS INFORMATION ASSOCIATION/ NORTH AMERICA as of August 31, 1979, and the related statement of income and expense and the supplementary data contained in the schedule of contingency funds for the eight months then ended have been compiled by us. A compilation is limited to presenting in the form of financial statements informatiomthat is the representation of management. We have not audited or reviewed'the accompanying financial statements and, accordingly, do riot express an opinion or any other form of assurance on them. We are not independent with respect to ASBESTOS INFORMATION ASSOCIATION/ NORTH AMERICA. Washington, D.C. September 11,1979 CAP CO JEN 0011129 ASBESTOS INFORMATION ASSOCIATION/NORTH AMERICA NOTES TO UNAUDITED FINANCIAL STATEMENTS AUGUST 31,1979 Summary of signficiant accounting policies Basis of accountings Assets and liabilities, end income and expenses are recognized on the accrual basis of accounting. Furniture and equipments In view of the Association's not-for-profit form of organization and activities, furniture and equipment are charged to expense in the year of purchase rather than being capitalized. Income taxes: The Association is exempt from income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes is made in these financial statements. See accountant's compilation report. CAP CO JEN OOI1130 I ASBESTOS INFORMATION ASSOCIATION/NORTH AMERICA BALANCE SHEET (UNAUDITED) AUGUST 31, 1979 ASSETS CURRENT ASSETS Cash in banks: Checking account Savings account Total cash in banks Investment in U.S. Treasury Bills, at cost Accounts receivable Interest receivable Prepaid insurance Other prepaid expenses TOTAL ASSETS $ 9,187 34,375 $ 43,562 100,617 3,070 2,550 834 13,872 $ 163,505 - LIABILITIES AND NET WORTH - CURRENT LIABILITIES Accounts payable Payroll taxes payable Deferred income - dues collected in advance Total liabilities NET WORTH Beginning balance Ycar-to-date net income Ending balance TOTAL LIABILITIES AND NET WORTH $ 9,700 2,371 29,263 41,334 8 73,376 48,795 122,171 8 163,505 The accompanying notes are an integral part of this statement. See accountant's compilation report. 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Cm co a oc ce n 3O CJ cVs Cai 'Q rVc* CO to H 3 o. too cc tco 4oc-* tcr'c>c Cu Eo VV 0 o (oN I O CO o oo t (3 04 CD 1 TF co CO to CO o t i? O O t- O tHCOCOO H rt CO CO 00 1 CD CO O O co O) m O co o o co tn 0^ 04 H to fr. |A ec H o CO CO o f- CO in O' CD 1--- CO CO *9 CAP CO JEN 0011132 ASBESTOS INFORMATION ASSOCIATION/NORTH AMERICA SCHEDULE OF CONTINGENCY FUNDS (UNAUDITED) EIGHT MONTHS ENDED AUGUST 31,1979 SCHEDULE A CONTINGENCY FUND/SPECIAL PROJECTS Miscellaneous $ 4,641 CONTINGENCY FUND/LEGAL MEDICAL RESEARCH Legal Medical $ 13,623 ________ $ 13,623 See accountant's compilation report. CAP CO JEN 0011133