Document dYaMbBB7RaD0y1egoEZxn6oLB
SECURITIES AKD EXCHANGE C0KMIS3I0H Washington FORM 10-E
ANNUAL EXPORT Pursuant to 3action 13 or 19 (d) of tbs
Socurltlss Exchange Act of 1934 For tbs Fiscal Tsar Kndad December 31. 1959
J0HR3-HANYILLE CORPORATICRT VExact oasis oz registrant as spectiled in cnarter;
33 East 40tb Street, Res York 16, X.T. (.Address or principal executive onicesj
MTC 001830
Itea 1. Securities Registered on Exchange*
As to each class of securities of the registrant which is registered on a national securities exchange, furnish the inforaatlon required by the following table:
(1> (2)
Title of Class
Haas of each Exchange on which registered
Conon Stock ($3 par value)
New York Stock Exchange Montreal Stock Exchange Toronto Stock Exchange
Item 2. Number of Stockholders
State, in substantially the tabular fora indicated below, the approximate number of holders of record of each class of stock of the registrant.
Title of Class
Nuaber of Holders
Coaaon Stock (89 par value)
30,160 (as of February 8,1960)
Item 3. Parents and Subsidiaries of Registrant
FUrnlsh a list or diagram of all parents and subsidiaries of toe registrant and as to each person named indicate the percentage of voting securities owned, or other bases of control, by its immediate parent.
Johns-Kanvllle Corporation - Registrant
Johns-Kanvllle Sales Corporation - 100%
Johns-Kanvllle Products Corporation - 100%
Johns-Kanvllle International Corporation - 100%
Johns-Hanvilla Sudamerlcana, Llmltada - 100% (See Note 1). Johns-Kanvllle Soclete Anonyms (Belgium) - 82.174% (See Note 1) Johns-Kanvllle Company, Limited (United Kingdom) - 100% (See Note 1)
Canadian Johns-Kanvllle Company, Limited (Dominion of Canada) - 100%
Asbestos and Danville Ballway Company (Quebec) - 100% Canadian Johns-Kanvllle Ontario Limited (Ontario) - 100%
Canadian Johns-Kanvllle Asbestos Limited (Dominion of Canada) - 100%
Southern Johns-Kanvllle Products Corporation - 100%
Johns-Kanvllle Construction Corporation - 100%
Johns-Kanvllle Dutch Brand Products Corporation - 100%
Johns-Kanvllle Fiber Class Inc. - 100%
johns-Msnvllle Perlite Corporation - 100%
PJobns-Kanvllle Plastics Corporation - 100%
Johns-Kanvllle Products' Corporation of California - 100%
Johns-Kanvllle Products Corporation of Georgia - 100%
MTC 001831
Johne-Manville Products Corporstiou of Massachusetts - 100%
Johns-Manville Products Corporation of Mississippi - 100%
Johns-Manvllle Products Corporstlon of Ohio - 100% Johns-Manvllle Products Corporation of Oregon - 100% * Johns-Manvllle Products Corporation of Pennsylvania - 100%
Johns-Manvllle ds Mexico, 3 .A. (Mexico) - 100% (See Note 1)
Johns-Manvllle Mexicans S.A. de C .V. (Mexico) - 100% (See Note 1)
Johns-Manville (Overseas) Limited - (Ontario) - 100% (See Note 1)
Johns-Manvllle (United Kingdom) Linlted (United Kingdom) - 100% (See Note 1)
Subsidiaries Included in the consolidated financial statements of Johns-Manvllle Corporation and Subsidiaries.
^Organized February 3, 1960
Note 1.
The Financial statements of Johns-Manvllle de Mexico, S.A., Johns-Manvllle Mexicans S.A. de C.V., Johns-Manvllle (Overseas) Limited, Johns-Manvllle (United Kingdom) Limited and of the three subsidiaries of Johns-Manvllle International Corporation are not included in the consolidated financial statements. Individual statements for these companies are not submitted for the reason that in the aggregate they are not of material significance in relation to (1) the registrant in respect of the amount at which investments in and advances to such companies are carried, (2) the registrant and its subsidiaries consolidated with respect to the assets represented by such investments and advances, and (3) the registrant and its subsidiaries consolidated in respect of sales or operating revenues of such companies.
Items 4 to 9 inclusive, have been omitted because a definitive proxy statement which Involved the election of directors was filed with the Commission pursuant to Regulation X-14 on February 12, 1960.
Item 10. Financial Statements and Exhibits.
List below all financial statements and exhibits filed as a part of the Annual
1
(a) Financial statements
(b) Exhibits: None
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.
JOHNS-MANVILLE CORPORATION (.Registrant;
Date: April 29, 1960
is lgnature;
Irving J. Pedly Assistant Secretary
MTC 001832
SECURITIES AMO EXCHANGE COMMISSION Washington 25, 0. C.
FORM 10-K ANNUAL REPORT
ITEM 10(a) - FINANCIAL STATEMENTS For tha Taar Ended December 31, 1959
JOHNS-NANVILLE CORPORATION
MTC 001833
JOHNS-MANVILLE CORPORATION INDEX of REPORTS of INDEPENDENT AUDITORS
and PINANCIAL STATEMENTS and SCHEDULES for the year ended December 31* 1959
Opinion of Lybrand, Ross Bros. k Montgomery
Opinions of Sharp, Milne k Co. Balance sheets
Statements of Income Statements of earnings reinvested Notes to financial statements
The Corporation The and Its
Corporation Consolidated (Separately) Subsidiaries
F-2 -
F-5 F-6 F-7 F-8 - F-ll
F-2 F-3 - F-4
F-5 F-6
F-7 F-8 - F-ll
Schedules' t I Marketable securities
III Investments in securities of affiliates
17 .indebtedness of affiliates not current
7 Property, plant and equipment
71 Reserves for depreciation and depletion of property, plant and equipment
X Indebtedness to affiliates not current
XII Reserves
X7I Supplementary profit and loss Information
X7II
Income from dividends - equity In net profit and loss of affiliates
F-12 F-13 F-14
-
F-17 F-18 F-19
F-20
*
-
F-15
F-16
F-18 F-19
Schedules other than those listed above have been omitted since they are either not required or are not applicable.
Financial statements are not furnished for the uncon solidated subsidiaries for the reason that such subsidiaries. In the aggregate, do not constitute a significant subsidiary.
F-l
MTC 001834
OPINION Of INDEPENDENT CERTIP1ED PUBLIC ACCOUNTANTS
To the Stockholders and Board of Directors of Johns-Manvilla Corporation, New fork, N. 7. We have examined the balance sheet of JOHNS-MANVTLLE
CORPORATION and the consolidated balance sheet of Johns-Manville Corporation and Its Consolidated Subsidiaries S3 of December 31, 1959, the related statements of Income and earnings reinvested for the Tear 1959, and the supporting schedules. We were fur nished with financial statements of the Canadian subsidiaries for the year 1959 together with the opinions thereon of chartered accountants. Our examination was made In accordance with gener ally accepted auditing standards, and accordingly Included such tests of the accounting records and such other auditing pro cedures as we considered necessary in the circumstances.
In our opinion, based upon our examination and upon the opinions of other accountants, the accompanying statements and schedules (pages F-5 to P-20)present fairly the financial posi tion at December 31, 1959, and the results of operations for the year then ended, of the parent corporation and the affiliated group, respectively. In conformity with generally acceptedaccounting principles applied on a basis consistent with that of the preceding year.
New York, January 26, i960.
P-2
001835
OPINION of INDEPENDENT CHARTERED ACCOUNTANTS
The Board of Directors, Johns-Manville Corporation, New Yortc, N. Y. We have examined the Balance Sheet of Canadian Johns-
Manvllle Company, Limited, and its Consolidated Subsidiary Companies as of December 31, 1959, and the related Statements of Income and Earnings Reinvested for the year 1959. Our examina tion was made In accordance with generally accepted auditing standards, and accordingly Included such tests of the accounting records and such other auditing procedures as we considered necessary In the circumstances.
In our opinion, based upon our examination, the afore mentioned Balance Sheet and Statements, together with Schedules III, IV, V, VI, X, XII and XVI, present fairly the financial position of Canadian Johns-Manvllle Company, Limited, and Its Consolidated Subsidiary Companies as of December 31, 1959, and the results of their operations for the year then ended. In conformity with generally accepted accounting principles applied on a consistent basis.
. C*"C
SHARP, MILNE ft CO. Chartered Accountants
Montreal, January 26, I960.
P-3
MTC 001836
OPINION of INDEPENDENT CHARTERED ACCOUNTANTS
The Board of Directors, Johns-Manvilla Corporation, New York, N. Y. We have examined the Balance Sheet of Canadian Johns
Manvllle Asbestos Limited as of December 31, 1959 and the related Statements of Income and Earnings Reinvested for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly Included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
In our opinion, based upon our examination, the afore mentioned Balance Sheet and Statements, together with Schedules 17 and XVI, present fairly the financial position of Canadian Johns-Manvllle Asbestos Limited as of December 31, 1959, and the results of its operations for the year then ended. In conformity with generally accepted accounting principles applied on a con sistent basis.
SHARP, KUNE & CO. Chartered Accountants
Montreal, January 26, I960
P-4
MTC 001837
JOHHS-^ANVILL. 94UNCS SHBTTS ,
USCTSs
Ths Corporation IStCUV.tli)
The Corporation and it* CanaaildotM Suiam-lti
Demend deposits in bsn*s and cash on hand
Maruetaole Mcurltlaa, at cost (approximately sarfcst Senadult t)
Accounts receivable, trade Accounts and not** receivable,
xlseellaneoua
* 10,095,621
S 12,293,31"
I___172.212
J3.78C,529 S S2,7U,29*
___
40,24C,15i
*73.212
Laos, Reserves fw doubeful
accounts receivable and
cash discounts
(Scnsdul* ill)
___________
55.003,22?
*73,212zaLitt *,zn,m
Inventories, at ths iomer of
eest or aaricst (Nets j): FlrlinM goods and
goods in process
Asm oaccrlal* Supplies
Contracts la progress, less S3,"42,590 sdvane* billings
127,952 47,014 14,169
--^_
22,553**20
4.145,:;*
_ -^Ig.SK 41.990.52?
Total curront assets (Sots 4)
46,538,496
154,500,7^0
Investments in srd notes and
accounts reeslvaole from
subsidiaries (Neess 1 and 4)>
Suoaidianes consolidated:
Investments sc cost sr
amounts of utderirinc
nsc asssts
(Schedule IS)
53,406,507
Note# receivable
(Schedule IV) Accounts receivaei#
(Schedule E7)
52,255.529
*-^.4U
Subsidiaries not consoli
dated:
Investments at cost or
loss (Schedule XXX) Accounts recsivable
156,436
____11..9:2
Accounts reeelvable, employees'
stock purenass plan (sots 5)
Mseellaneeus invsstmants, at
cost or lose (Karat gustations
n* available) (Schedule V)
3,985,872
less. Reserve for depreciation
'of employee housing facili
ties (Schedule 7X)
______ Stt
Properties and plants, at eost
(Mote 6 end Schedule 7)
3,679,432
Leas, Reserves for deprecia
tion and depletion (Motes
6 and 7 and Sensdule 71) _i-.720
Prepaid and dsfsrred charges
uo.ua.m
588,348
4,397,107
3,883,37a 1.986.712
iH.a;
1187.378.130
361,905
5,564.334 1-83.-723 303.799.662 143-202.410
104,531 4,397,107
4.329.661 158.506.n2
7ht 4eepui7ln not*, 4m ui lat,,r
F-3
WTC 001838
CORPORATION iceaber 31, 1959
LZAAILXT2S: iecounts payable and accrued liabilities:
Trad* account! Payroll deduction! 0. 3. and Canadian taaca en lneoae Other taaca Coopensation and vast! Miscellaneous
Total current llabUltlaa (Mote 4)
The Corporation
The Corporation and t:a
* 563. T9! ` J 3,600,015
1.228,416
2,35*.*07
*.539.***
23.2*6.730
170,423
5,155,207
2.172,00*
___
12.315.371
10.016,575
56,325.365
Accounts payable to cuoaidiartc* {Mot* 4 and Schedule X): Sucaldiaries consolidated
Subsidiaries not conaclldatcd
1 30.471,551
30.522.^9 &
'-0.s2
W.5S2
Hotta payable, latcroat at 2.? per cent, principal payaeie 2250,000 annually
to July 15* I960, balance payable
July 15, 1967, exclusive of aaounc due ltntn one year
2,750,000
2,750.000
Reserves for guarantee!, etc. (Schedule XII)
906,786
1,770,350*
firainri (Mote 9)
CAPITAL SHAPES, SARNOtOS REINVESTED and SABNZNQS
APPROPRIATED for CONTXNOCNCaS {
CceBon eteex. par value 25 per snare, authorised 25.000,000 sharea, laiued and oucatandlnt 8,474,214 snares (Note 5J
117,5*6.761
117,5*6,761
Sarnia*! reinvested (Mete 1)
lATTOn*. *wro?rl*tM tor eaneuinnel,, (no enuc* Ourlnc 1959) (*o,, 12)
a part of the financial atatenanta.
20.6*1.523 138.200.28* 1*0.130.741 2*7.736.104 **.66l.aio
r-3
MTC 001839
JOHNS-M ANVIU* COHM il AT I OH CTATKHEWTS o f M C M
f o r M ip # * r ended D ^ C P ittr 11# 17>9
MTC 001840
|
t I(
JOHNS-MANVILLE CORPORATION STATEMENTS of EARNINGS REINVESTED for the year ended December 31, 1959
The Corporation __ fSeparately)
Balance at beginning of year (including $2,944,566 for F. E. Schundler 4 Co., Inc., Note 1)
$16,255,222
Net income for year, per accompanying statement
Deduct, Cash.dividends, $2.00 per share (Note 10)
21.082.d87 37.338,209
16.684.686
Balance at close of year
$20.633.523
The Corporation and its Consolidated Subsidiaries
$125,258,440 31.615.989
156,874,429 __ 16.684.686 8140.199.743
The accompanying notes are an integral part of the finaneial statements.
P-7 MTC 001841
JOHNS-MANV7LEE CORPORATION and Its Consolidated Subsidiaries
NOTES to FINANCIAL STATEMENTS
1. As of September 22, 1959 In a combination treated as a pooling of interest, Johns-Manville Corporation acquired in exchange for 146,000 shares of its common stock all of the outstanding common stock of F. E. Schundler i Co., Inc. (name subsequently changed to Johns-Manville Perlite Corporation). The accompanying statements of earnings include operations of this affiliate for the full year.
The consolidated statements include the accounts of all subsidiaries in which the Corporation owns, directly or indirectly, securities representing more than 50 per cent of the voting power except the accounts of subsidiaries operating in foreign countries, other than Canada. The subsidiaries included are the same as in 1958 except for the addition of a newly formed subsidiary, Johns-Manville Products Corporation of Ohio, and the acquisition described in the preceding paragraph.
The Corporation's equity in the net assets of the consoll dated subsidiaries exceeded its investment in such sub
sidiaries by $131,678,205. Such excess, less consolidating adjustments of 912,141,985, principally provisions for intercompany profit in inventory and tax on undistributed earnings of Canadian subsidiaries, is credited in consoli dation to earnings reinvested.
2. With respect to the Corporation's consolidated Canadian subsidiaries, assets, liabilities and net income have been translated at par.
3 Inventories, valued at the lower of cost (principally last-in,
first-out) or market, were as follows:
The Corporation (Separately)
The Corporation and its
Consolidated Subsidiaries
Beginning of year End of year
9139,442 189.134
939,714,245 41,690,627
4. It is not practicable to determine what portion of the aggre gate amounts receivable from and payable to subsidiaries should be in the current position; therefore, no portion of these items has been so included.
5> 269,369 shares are reserved in connection with the employees' stock purchase plan. This plan, approved in 1958, permits eligible employees to purchase a limited number of shares of the Corporation's common stock at market price prevail ing at time of purchase, to be paid for within ten years. Shares are issued and held by a trustee as security for unpaid amounts. At December 31, 1959 the trustee held 140,711 shares Issued under the plan and a prior plan.
Continued F-8
NlTC 001842
JOHNS-MANVILLE CORPORATION and Its Consolidated Subsidiaries NOTES to FINANCIAL STATEMENTS, Continued
188,255 shares are reserved In connection with the Incentive stock option plan. This plan, approved by stockholders in 1954, permits key employees, including officers and directors who are full-time employees of the Corporation
or Its subsidiaries, to purchase shares at the fair market value thereof on the date the option is granted. Options may be exercised only after two years of continuous employ ment by the Corporation or Its subsidiaries after the date of the grant of the option. In 1959, options were granted on 54,100 shares at $53 per share. Further Information concerning the options is summarized below:
Number Option Price
of Per
Shares Share
Total
Fair Market Value
at Applicable Date
Per
Share
Total
Under option at
December 32*1959:
Tear of grant:
1954
25,839 *37.75 * 9751422
1955
15,800 41.875 S6l,625
1956 A
1.492 35-94
53,622
1957 A)
4,560 27.82
126,859
19571!a)
456 30.32
13.826
1959
54.100 53-00 2.867.300
36.25 28.75 29.69 53-00
* ms 54.085 131,100 13,539 2,867,300
102^24^
*4.698.654
*4,703.071
Exercised
in 1959
*27.82 *
to
Became exar-
*41.875
ciaable In 1959 10.010 *27.82 *
to
*35-94
898.875 *50.23 to
*57-09
302.155 *41.25 to
*51.00
*1,300.609 * 486,317
(A) Under the terms of the agreement pursuant to which the Corporation acquired the assets of L-O-F Glass Fibers
Company, the Corporation delivered to employees of , L-O'P Glass Fibers Company holding options to purchase common shares of L*0F Glass Fibers Company, substitute options to purchase shares of the Corporation's common stock on terns substantially as favorable as the L*0*F 1 Glass Fibers Company options. 48 such employees held options at December 31, 1958 to purchase an aggregate of 25,031 L-O-P Glass Fibers Company coxmnon shares at prices ranging from *11.00 to *14.25 per share and the market price for L-O-F Glass Fibers Company common
shares was then approximately *20.875 per share. On that date the Corporation delivered to such employees substitute options to purchase, exercisable In 1959,' a total of 10,010 shares of Its common stock at prices ranging from *27*82 to *35*94 per share.
There was no charge to Income at the time the options were granted or exercised.
Continued
P-9
MTC 001843
JOHNS-MANVILLZ CORPORATION and Its Consolidated Subsidiaries NOTES to FINANCIAL STATEMENTS, Continued
Properties and plants and applicable reserves are composed of the following categories:
The Corporation
The Corporation and Its
Consolidated Subsidiaries
Assets Reserves
Assets
Reserves
Land
> 24,063
Mineral land
Mine development
Tlmberland
Land improve
ments
133.203 >
Buildings
721,836
Machinery and
equipment
1,315,814
Transportation
equipment Furniture and
873,239
fixtures Uhasslgned
597,243
reserves
Construction
in progress
14,034
> 2,802,889
10,148,399 > 2,654,387 3,169,885
9,693,083 2,526,166 1,412,243
71,474 14,820,684 6,957,065 306,082 79.771,164 34,528.672
594,538 179,046,155 202,171 3,498,061
77,662,984 2,121,128
431,300 4.375,420 2,736,912
87,155
3.512.618
7,537,535 117.142
>3,679,432 >1.692.720 >303.799,662 $145,292,930
7 In general, the companies charge depreciation of fixed assets allowed for tax purposes against Income. For 7. S. compa nies depreciation is computed on the stralght-llne method based on remaining values and estimated useful life except that beginning In 1954, for U. S. Income tax purposes, but not for accounting purposes, sum-of-the-years-dlglts or declining-balance methods of depreciation were applied to additions and these methods have been continued. The re lated tax savings have been offset by an additional charge for depreciation.
For Canadian companies the declining-balance method was used. Also, with respect to certain Canadian assets, additional depreciation equal to amounts computed on the stralght-llne method was allowable for tax purposes and was availed of.
The range of annual depreciation rates within each major
classification of depreciable assets, in terms of per
centages, Is as follows:
The Corporation and
The Corporation
its Consolidated
(Separately)
Subsidiaries
Mine development
Land Improvements
4 pet to 20 pet
Buildings (Including
appurtenances)
2 pet to 20 pet
Machinery and
equipment
4-6/11 pet to 20 pet
Transportation
equipment
20 pet to 33-1/3 pet
Furniture and
fixtures
6-2/3 pet to 20 pet
30 pet 4 pet to 30 pet
2 pet to 30 pet
4-6/11 pet to 30 pet
20 pet to 33-1/3 pet 6-2/3 pet to 20 pet
Continued
F-10
MTC 001844
I
JOHNS-MANVILLE CORPORATION and lta Consolidated Subsidiaries NOTES to FINANCIAL STATEMENTS, Continued
The policy with respect to depletion of mineral properties is to provide depletion at rates per ton of mineral removed which should extinguish the carrying value of the mineral properties when the estimated minimum recoverable tons of mineral shall have been mined except at the mine at Asbestos, Quebec, where the rate established In 1944 has not been reduced although the estimate of minimum recover able tons Is now higher.
Maintenance and repairs are charged to Income as Incurred. Renewals and betterments In general are capitalized.
Generally, when fixed assets are retired or otherwise disposed of, the cost of such assets, less salvage. Is charged against the reserve for depreciation unless the retirement arises from abnormal obsolescence In which event the loss is charged to Income.
8. Guarantees: Under the Retirement Plan of Johns-Manvllie Corporation and Its subsidiaries, the Corporation guarantees retirement Income as determined upon retirement of the participant under the provisions of the Plan. The present worth of annuities being paid to retired employees was approxi mately 812,786,000 at.December 31, 1989* The Corporation also guarantees that the amount of salary deductions will be returned to employees (or their bene- . flclarles) who die or whose employment Is terminated for any other reason prior to retirement. At December 31* 1959, the balance of contributions made by participants was approximately 822,408,000. Johns-Hanvllle Corporation guarantees the payment of all contractual obligations of Its wholly owned consolidated subsidiaries, incurred In the ordinary course of business.
9> Provisions aggregating 85,713*731 were made during 1959 under the Retirement Plan mentioned In Note 8 and under a similar plan operated by the Corporation's consolidated Canadian subsidiaries. Regular employees, after six months of service, are eligible to participate. Retirement is at age 65. Retirement income Is provided from trust funds to which both the employees and their respective employers contribute.
10. Dividends Include payments In lieu of dividends on shares of stock pledged under the employees' stock purchase plan.
11. Sales of the Corporation (separately) represent sales to con solidated subsidiary companies.
12. To conform to a stipulation made by the Securities and Exchange Commission, the reserve for contingencies has been classi fied with capital shares and earnings reinvested. The Corporation believes that this reserve is required In order to reflect, as accurately as possible, contingencies related to the continuing Instability of price levels and other economic conditions, and that it is inconsistent therewith to classify it with capital shares and reinvested earnings.
F-ll
MTC 001845
lltU lt I ic ta b la S.curlU a
MTC 001846
c..i 0*
Ut a-r81
cm
SHI
1
'm
21!R Ss g s s si s *
m mM
*151 8
si s i j
P
mif
.SI
u :h
ue
cl
hi
$
i
sHH
Hi i i
*1 sa
iH i
S g
t
f
WITC 001847
ece
t fafa 1 fa 8
5 e -- t99
1i
5 **
i
M
"1-5
4i:$. slJjhw
ifc.
fa
a
fa
So 8 S-*fafaa
f3a
r o*5 51
I3
I == *a
IPS6 8-
|ol5
2 to t.
-e H
I 3*.-- i c e fa* Isl? <*L frt.]4?51
-E
le Jia
in -fa ( 90 9 ^ c fa
I til Hi
5I I 1 i I -8S
<4 W
ii
(V 9>
i 2 2 I 1 i2 I
tuCv
t.n
8 S8 8S8 I I 2 I 2 I I2 I
St 5| 121 ii]
rnm (/? s~tt
g I
St 1 S fS 98 08 1 1 !
i--f fNiO0*
*
at
s-- fni5t!
op
* S2
II I I I I I |
S:
EE 5 E C E E i 11 I I I I I ttO_> 2s
=5- Ls i 5 S *5 i i - 5 |tg Ei I ? g 5 s;l es * "
a3
t! Si
2s -? 1 al: *5 2 2
II I 1st 2 1 I.i
i --
?w-5 bn i SI
I
1
?5 . ______ **!_* e * oo r e
2 SJSS6S2 r 2g:^t:| fi |
hO -- fa O fa fa fa U fa 0 fa
i |i|^2|]3i3j]
2 5 *>'***"**NN > NO O 5U
'r
-- ewC
2 *~2 |
fa fa#fa --| SSI S
N fa 8 f9a -^9-- fa
* r-- "sg>s--
ii^m
2-fa *Jfsa1r--m
a2
JOHNS-MANVILLE CORPORATION SCHEDULE 17 - INDEBTEDNESS of AFFILIATES - NOT CURRENT
for Che year ended December 31, 1959
C,9l.. ft
Hsae gf Affiliate The Corporation (Separately):
Due from subsidiaries consolidated: Notes receivable: 8 wholly owned companies 7 wholly owned companies
Accounts receivable: 11 wholly owned companies 11 wholly owned companies
Zsl^S.
Balance Receivable at Beginning __ of Period
V?l. 2
Balance Receivable
at Close of Period
8 78,835,529 852,235,529
28,140,490 ______________ 24.376.4R4
F-14
MTC 001848
i
i -i ii
i i
JOHNS-MANVILLE CORPORATION SCHEDULE 7 - PROPERTY, PLANT and EQUIPMENT
for the year ended December 31, 1959
SaLUk
Classification
Hie Corporation and Its consolidated subsidiaries: Land Mineral land Mine development Timberland and rights Land Improvements Buildings Machinery and equipment Transportation equipment Furniture and fixtures
Construction In progress
Employee housing facilities (Included under miscellaneous Investments In the balance sheet)
Sgj-r g Balance at
Close of __ Period
$ 2,802,889 10,148,399 2,654,387 3,169,885 14,820,684 79,771,164
179,046,155 3,498,061 *.375,420
300,287,044 3-512.618
<303.799,662
1.*86.748
Columns B, C, D and E are omitted Inasmuch as total additions during the year (<15,214,093) and total retirements (<3,336,716) were less than 10% of the total closing balance.
P-15
MTC 001849
MOu Oe
> UM
44
a0 M
3> *3 C-
Oa ba noeoo
JO H N S -M A N V ILLE CORPORATION
SCHEDULE V I - RESERVE3 f o r DEPRECIATION a n d DEPLETION Po f RO PERTY, PLANT a n d EQUIPMENT
fo r th e y e a r ended Decem ber 31> 1959
MTC 001850
4>
ta
0 O
MO
1MO3
Ao ^0c4 a*04tA-m
3
emopv'--6c>
mm
pn vo On oj
noitn
O \0J
nc\m\ieovsoc9o\oMwOft\itnr\m<NM
mmm^mmm-1
n^n
sin
on
cimno
on
no
^c\j
r\r--n msm .-<
4h
n
yo* m^ rN--
OJ
w* N
tt
O'
OJ
o
OJ
di
a r* rr cv
a
AM
o C *3
>
0
U
Cm 5
0
.
Cm
V44
M
s jJ O
os
OQ|
Cm
M V-
o
ua
c
a
0a
*>
4M*
A> c
*
a
c
3
e
M a
*o
6
*3
Cm
x
c 0
0
Q M44 C MO
e
AA
o
44
O
jCgm 4O4
O *3 ,, * c C*
0o ia e Xm a o SCm2tm 3Q hC
AA
fc>
0 x CO
A M *4 eU
c0 Me flam M0 X
AA o
5 CO CO
RR
^ lA
co *
fok
%
m
>CV(0r\^OVWCWS
m c\
fn*m**%s om* O^ Win m ^ H
V^O 0n0-
o
p--- ITN
co m cw
ir*nno\oo \n^^0oi ow irir
t-eg^irvmtfvcoso
nw in cmw ww
H Vfi Ol 4>
*
eg o
it
on
"
r* rm' j
Rv*mo
% eg
ov eg
SCeOg
in -
ion\ 0^
rino
j^
t*.
go
N lO O vo O
On VO 9> in h> rn ^ rrj eg CTOn O^V Om Otv O4v OH VO
m vo mm voov eg eg so
44 a
8C
4 c
a
O MM
Cm 4*
a0
mo a M 44
a 44
to
-H Cm
a 44
ae a
Cm
B
a
M
Cm 3
a
X
o
H 3 &
3 er * > a
C 4 Cm
e a a *3 c
c
ao C Aw
H 0 3
C-** 6
.U a *o 0 e
W c
*3 o *3 CM C
c a -H
Cm c
6Q
M
Cm
a
c e0
0>
0 0
o
M0*0 M0
44 44
0 0M
M 3 H
e 44
>
#04 O
0 Cm
a
0 a >k 4d
to Cm Cm e0
*3 H
U
44
C
3 5) 3
&
Cm *3 0 o
O M Cm
Cm a M
M
Q
c
M
a 44 a H
M Cm
a 44
ftH Cm O C
c
ew*3
Q
e
m4
M
c 0
c C
a 0
a e
O am M
0 3 0 Cm 3 e o
X 6* >2 A X fr* A A
X e 4 a
3
0
>b
O M
a E a
i
i l i
JOHNS-MANVTLLE CORPORATION SCHEDULE X - INDEBTEDNESS to AFFILIATES - NOT CURRENT
for the year ended December 31, 1959
Col. A
Name of Affiliate The Corporation (Separately):
Accounts payable to subsidiaries consolidated: 4 wholly owned companies 5 wholly owned companies
Accounts payable to subsidiaries not consolidated: 1 wholly owned company
Col. B
Balance Payable at Beginning of Period
Col. C
3alance Payable at Close of Period
*23.197,486 *30.471,551
61.799 61.398 823.259.285 830.532.949
F-17
MTC 001851
MTC 001852
6
I
A
4c0, V 8 111 3|
aw X
92 s qai
m 1
II s s<* Rw
1 Of ft S9 B
I;al.ic;g
ft ii
1* m
&0 3N5
O* m
Hi
v;d$" Vsso
<*
the y n r etidml O n tN w r ) l , 19^9
- RS.TOVM
JOHNS-HANVIIJJI CORPORATION
8CHBDULR I I I
j
* I
JO tM R -M M IVIM JI CORPORATION
SCHEDULE XVI - SUPPLEMENTARY PROPIT and I/X3S INFORMATION fo r th * im p anded D ie n tw r J I, 19W
MTC 001853
3
\
?
!U
u C--
g
fill
81 is'-3!
*a _
ill
1
si I
hi
"i
ti-
I*!
w i
IsVit
S=! 3M_ #<^weweb j| s: ZZ3 s *ti
tI
s
ai . 1s 7& as %
Sf ;
S
es
| 8Hi8StJ bbbbbbbOQ * e
9 ooooooo~o m e
;| ^ o
ia!!I!IJ!S- Is" sas a
i2CBCeEC8fe|o3?555&S ^2
J 11 It It IJ a I: i i 11 - 3
r6S5i68i5l?:S;i tJ.Sti..-
' ' 5 jl a a a a |a J |
C * m Oft l b
iJbt"s! !ii! iS !h*e}!
s^?r.--s-.??==:=iii f===
M2*4oeIfee<efct&lfe|cleftcis!&l(eIbSc^S^^ESetlcle! |aiiiiniiiiiipi|||iiii
f'"'"-- '
r
.! I
mm e e _
4 " 5 ^mOm b --^ m
sSail i
S ISti WI
-g
Sail! aa-3?5 .visbaI- -aat a?-st as ".Hal 1 5ssii !
ii| t
a=fss If
xi3ielOi|bWnhXm &o5Nxv* W*b& MW
rj.ft22 EJS&f Isr?rJg;22
?.I Sm o fb9 >a
y sF M M MM 2 tf'l M .^8SMC cB3MBXM SOMMXWM taaMe uawoo--e 2 6
r ~SC* Sb
MTC 001854
i
i|