Document oM7DKz69YojXzv9YQnmMzMev8
THE SWANN CORPORATION AND SUBSIDE? COMPANIES CONDENSED CONSOLIDATED BALANCE SHEET AS AT DECEMBER 3|, |934
CURRENT ASSETS:-
aocc-tQ '
CASH ON HAND AND IN BANKS CUSTOMERS' NOTES AND ACCOUNTS RECEIVABLE,
(LESS RESERVE $ 37,721,56)
MISCELLANEOUS ACCOUNTS RECEIVABLE INVENTORIES CASH VALUE OF LIFE INSURANCE POLICIES ON LIFE OF OFFICERS MARKETABLE SECURITIES INTEREST RECEIVABLE
TOTAL CURRENT ASSETS
DUE FROM OFFICERS AND EMPLOYEES
INVENTORIES:-
.
SWANN FERTILIZER COMPANY MISCELLANEOUS INVESTMENTS
TOTAL INVESTMENTS
PLANT PROPERTY:-
LAND BUILDINGS MACHINERY AND EQUIPMENT NEW CONSTRUCTION
TOTAL PLANT PROPERTY
UNDEVELOPED POWER SITES
PATENTS AND PROCESSES
OPTION PAYMENTS
DEFERRED CHARGES:PREPAID iTEMS
OTHER DEFERRED CHARGES TOTAL DEFERRED CHARGES TOTAL ASSETS
AMOUNT
260,380.55 393,015.99
3,733.79 841,227.36
42,593.75 5,870.00 151.25
1,546,972.69 7,742.52
2,264.01 56.81
2,320.82
180,093.27 1,383,183.56 2,349,056.04
51,801.98 3,964,134.85 1,182,338,74
1.00 37.00
13,009.63 3,930.89
16,940.52 6,720,488.14
CO
o
fo .
3.87 5.85
.06 12.52
.63 .09
23.02
.12
.03
2.68 20.58 34.96
.77 58.99 17.59
-. -
.19 .06 .25
100.00
LIABILITIES
CURRENT LIABILITIES:-
NOTES PAYABLE:BANK
ACCOUNTS PAYABLE FEDERAL AND STATE INCOME TAXES MISCELLANEOUS ACCRUED ACCOUNTS DIVIDENDS DECLARED AND UNPAID
TOTAL CURRENT LIABILITIES
NOTES AND INTEREST PAYABLE:-
NOTES AND INTEREST PAYABLE OF HIWASSEE POWER CO.
RESERVES:-
DEPRECIATION FIXED CAPITAL INTEREST ON ADVANCES TO WATER POWER COMPANIES CONTINGENCIES
TOTAL RESERVES
CAPITAL STOCK:-
PREFERRED;SUBSIDIARY COMPANIES (HELD BY OUTSIDE INTEREST)
PROVIDENT CHEMICAL WORKS
1,354 SHARES
THE ILIFF-BRUFF CHEMICAL CO.
682 SHARES
WILCKES,MART|N,V/ILCKES CO.
5,000 SHARES
COMMON - THE SWANN CORPORATION;Class A 208,868 Shares) CLASS B 300,000 SHARES)
TOTAL CAPITAL STOCK SURPLUS:-
CAPITAL SURPLUS EARNED SURPLUS AFTER CHARGES
ADD: NET INCOME FOR THE YEAR TOTAL SURPLUS TOTAL LIABILITIES
462,676.93 396,478.80
RATIO - CURRENT ASSETS TO CURRENT LIABILITIES
CONTINGENT LIAB1HT1ES;WtLCKES, MARTIN, W1LCKES COMPANY'S PREFERRED DIVIDENDS ON CUMULATIVE PREFERRED STOCK-21 MONTHS $2,500.00 PER MONTH
250,000.00 131,034,29
66,990.90 19,009.65 10,724.50 477,759.34
309,541.66
1,896,159.61 336,509.15 31,990.00
2,264,658.76
135,400.00 68,200.00
500,000.00
1,963,514.83 2,667,114.83
142,257.82
859,155.73 1 jOO| ,41 355 6,720,488.14
3.24
52,500.00
FEBRUARY 12, 1935
3.72 1.95
1.00
.28 .1 6 7.11
4.60
28.21 5.01 .48
33.70
2.02 1.01 7.44
29.22 39.69
2.1 1 12.79 14.90 100.00
STLCOPCB4055949
sw 331169
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THE SWANN CORPORATION AND SUBSIDIARY COMPANIES STATEMENT OF CONSOLIDATED INCOME, FOR THE YEARS ENDED
DECEMBER 31, 1934 AND 1933, AND COMPARISON
' .
: ' ' ' . ' YEAR - " . Ended DECEMBER 31, 1934
GROSS PROFIT FROM OPERATIONS, BEFORE
DEPRECIATION AND OBSOLESCENCE . . . 4
*1.898,471.65
" YEAR
'
ended
DECEMBER 31,
1933
*1 ,806,755.14
. INCREASE DECREASE
* 89,716.5!
DEDUCT*
SELLING AND ADMINISTRATIVE EXPEN8E8 * ; * 763,404.24
DEPRECIATION AND OBSOLESCENCE . # '
220,511,16
RESEARCH EXPENSE8
149,413.74
TOTAL
ii ,133,329.14
$ 829,700.05 218,368.90 152,202.27
il ,200,271.22
*-66,295,81 2,142.26
- 2,788.53
*-66,942,08
NET PROFIT FROM OPERATIONS ,
765,142.51 L. 608,483.92 *156,658.59
OTHER INCOME:
Interest earned .......
OTHER ............................. .......
Total............................. ....
* 1,671.29 $ 1,948.07 *- 276.78
33,386.47
33,259.49
126.98
$ 35,057.76
35,207.56 t- 149.80
GROSS 1NCOME
t 000,200.27 643,691.48 *156,508.79
INCOME CHARGES .................... .... e ft L. 336,730.57 L. 231,886.44 *104,844.13
NET INCOME, BEFORE PROVISION FOR INCOME
TAXES
4..
$ 463,469.70 * 411,805.04 * 51,664.66
PROVISION FOR INCOME TAXES . . ,
NET INCOME FOR THE YEAR TRANSFERRED TO SURPLUS
66,990.90
32,765.30
34,225.60
396,478.80 379,039.74 * 17,439.06
- Red
DSW 331170
STLCOPCB4055950