Document xzkB10e6gOpKeLQazyg0VBxx6

y ev 9-1-67 VICTOR DIVISIONS ANO CONSOUPATEP SUBSIDIARIES PROFIT AND LOSS STATEMENT FOR MONTH ENDED-------------------- SEP__^0, 1968 MONTH This Year Last Year GROSS SHIPMENTS Direct Ships. -- OEM Service Direct Ships. -- After-market Direct Ships. -- OEM Production 2.102.963 403.906CR 3.887CR 2 ,213,696 *60 780CK Platka Interplant -- Parts Co. Interplant -- Further Mfg. Scrap Sales 403,150CR 73.325CR 29.703CR 424.989CR 8*7 60*CR 16.930CR NET SHIPMENTS 1,168.986 1 ,223.393 License Fees NET SALES 1 ,186,986 1,223,393 COST OF SALES: Cost of Manufacture - Gross Shipments Direct Ships. -- OEM Service Direct Ships. -- After-market Direct Ships. -- OEM Production 1 ,9*8.7 70 . 384.498CR 3,l8OCR 2,005,689 3638*0CK Platka Interplant -- All Manufacturing Variances Engineering Expense Engineering Expense -- Recouped Product R & E Expense Product R & E Expense--Recouped Warranty Policy -- Adjustments Warranty Policy -- Recouped Plant Accounting Expense Plant Accounting Expense-Redistributed Plant Accounting Expense-Recouped 476.475CR o7*660 *9,159 *5,017CR 5,040 4,51ICR 194 6 1 ICR 5*,076 2,1*1 50.128CR 512,593CR 81,493 59,330 41.986CR 4,830 4,*02C 71,0*8 1.035 56.461CH TOTAL COST OF SALES GROSS INCOME - 1,162,620 26,366 1 ,224,692 1.298CR MISCELLANEOUS INCOME ' Dividends from Investments ' Interest Income -J . A.354CH Cash Discount on Purchases 9.463 3.167 Cash Discount on Sales ` Capital Gains or (Losses) * 47SCR 709CR Other Income (Net) Total Mice. Income (Net) . ' 2, BOA 7 ,439 2,816 10,274 TOTAL INCOME. . 33,805 8 97o SELLING EXPENSE ' GENERAL ANO ADM. EXPENSE 57,16? 39,57ft 2,25o 4,436 INTEREST EXPENSE 4,860 INCOME BEFORE REDIST.EXP.& INCOME TAXES 62,93*CH 2.625CR Division Office Charge 1 090 0 y c r< General Office Charge 22.3MCR IB,HOC* State & Local Income Taxes 271C.H INCOME BEFORE F.I.T.-PER BOOKS Bc ,2'-5CH l30.006CR Federal Income Taxes -- (Note) NET INCOME AFTER F.I.T. ft5 ,2 'C.k 1 30 ,OOcCk % el Income Before F.I.T. to Net Soles % ol Net Income After F.l.T. to Net Soles 7.2CK 7. >CR 1 ).6CR 1 ).6CS YEAR TO DATE This Year Last Year 2, 102,963 2,213,698 403.906CR 460,780CR 3.887CR 403.150CR 73.325CR 29.708CR 1,188,966 424,989CR 87,604CR 16,930CR 1,223, 393 1,188,966 1.223.393 1,948,^770 384,498CR 3, 180CR 2,005,689 383.840CR 476.475CR 67,660 49,159 45,01.7CR 5,040 4, 51ICR 194 61 ICR 54,076 2, 141 50,128CR 1,162,620 26,366 512,593CR 81,*93 59,830 *1,986CR 4,830 4.402CR 71,Q46 1,085 56,46ICR L,224,692 1,298CR 4,354C ft 9,463 * 4 73C R 2,308 7,439 33,805 57,162 39,578 62.934Cft 22 3S1CR 85,29 5C.H 85.295CR 7.2CW 7.2C ft 3.167 7 09 CP. 2,616 10,274 8,976 2, 2 to 4, 486 4,860 2. 625CR 109,OoOCF 18,110CR 27 ICR 130,0C-6C=- 130,0C':CK IC.tC1' I 0 . e (.K VPD-153-0001294 j DANA-240  H t . #-1.67 VICTOR PI VISIONS AND CONSOLIDATED SUBSIDIARIES BALANCE SHEET AS AT SEP. 30,1966 ASSETS CURRENT ASSETS: Cash Marketable securities Accounts receivable, less allowance for doubtful accounts Inventories Prepaid expenses Total current assets INVESTMENTS LAND, BUILDINGS, MACHINERY AND EQUIPMENT Less--depreciation and amortization * Net plant and equipment INTERCOMPANY INVESTMENTS INTERCOMPANY ADVANCES AND CURRENT ACCOUNTS INTERDIVISION CONTROL ACCOUNTS Total assets 183,498 326,761 5,581. iei 108,906 6,200,344 1, 156, AM 16,222,232 2.921,021 13.301.211 ' 971, 13 ICR 16, 001, 122CR 3.685,748 CURRENT LIABILITIES: Accounts payable . Dividends payable Accrued payroll Other accrued expenses . Taxes on income ** Notes payable-current - * . Total current liabilities LONG-TERM DEBT - DEFERRED FEDERAL INCOME TAXES CAPITAL AND RETAINED EARNINGS: Preference stock . Common Stock, ' Capital surplus Retained income: At beginning of fiscal year Current Year -- Income before Federal Income Taxes At balance sheet date Total capital and retained earnings Less cost of stock in treasury: Preference, Shares Common, Shares Net worth Total liabilities LIABILITIES 895,666 995, 244 361,095 11,572CR 2, 2 40,453 ?. 001,050 470.410CR 65,295CA 555,7C-.CR 1, 4 4 5 2 c4 i,4*.5,roi, 68 5. VPIM53..0001295 SMITH AND KAN7LEK PROFIT AND LOSS STATEMENT FOR MONTH ENDED------------------------ S P--3ILt ljflJB. MONTH This Year Last Year GROSS SHIPMENTS Direct Ships. -- OEM Service Direct Ships. -- After-market I 7? . 9? ' 117,302 Direct Ships. -- OEM Production Platka Intcrplant -- Parts Co. Interplant -- Further Mfg. Scrap Sales NET SHIPMENTS License Fees 175,92^ 117,302 NET SALES COST OF SALES: 175,929 117,302 Cost of Manufacture - Gross Shipments Direct Ships. -- OEM Service Direct Ships. -- After-market 161.787 120.859 Direct Ships. -- OEM Production Platka Interplant -- All Manufacturing Variances Engineering Expense Engineering Expense -- Recouped Product R & E Expense 1,038 Product R & E Expense--Recouped Warranty Policy -- Adjustments Warranty Policy -- Recouped Plant Accounting Expense Plant Accounting Eixpense-Redistributed Plant Accounting Expense-Recouped TOTAL COST OF SALES GROSS INCOME - MISCELLANEOUS INCOME ' Dividends from Investments' lo2.927 13,1 V 120.359 3 557t Interest Income Cash Discount on Purchases 4.354CR Cash Discount on Sales Capita! Gains' or (Losses)". 4 r-iCf TO'Kk Other Income (Net) . Total Mi sc. Income (Net) ' TOTAL INCOME SELLING EXPENSE GENERAL AND AOM. EXPENSE _ i.i H.7 7CC? `r tH,'J *.905 l , 4 . 4 2,571 7.172 l . i if 5 C A 2. *>56 4 .4 8r> INTEREST EXPENSE 4,860 INCOME BEFORE REDIST. EXP.& INCOME TAXES Division Office Charge >. vr.K 12,9970 General Office Charge State & Local Income Taxes INCOME BEFORE F.l.T.-PER BOOKS Federal Income Taxes -- (Note) NET INCOME AFTER F.l.T. % of Income Before F.l.T. to Net Soles % of Net Income After F.l.T. to Net Sales .7 '' ' m 7 . f IT- ,-.ir 77 1La 1 3.25SC9 1 *.?5 M . if 1 l . >c- YEAR TO DATE This Year Last Year 175,929 117,32? 175.929 175.929 161.789 117.302 117,302 120.859 1.038 162.927 13,102 -.354c; 359 1. 179 3.274CK 9,923 3.00 5 10.545 3.72 2C 3. 7 2 7CK 3.722C9 2.10 2 i r.u 120.959 3, 567C.F 2-0 7 Oc CR 2.5^1 2. 17? 1.355CR 2 iy H6-; 12, "9:* 7C^ '_____27j(-i 1 7-v~r.=> I3,7r'T 1 i 1. J u. * : l ___ VPd'133-0001296 '7 REV. 9-1-67 virma nivisinnn Awn rnn5<n indTFn subsidiaries PROFIT AND LOSS STATEMENT FOR MONTH ENDED------------------------SEP.--3Q L9-6B GROSS SHIPMENTS Direct Ships. -- OEM Service Direct Ships. - After-market Direct Ships* - OEM Production Platka Interplant -- Parts Co. Interplant -- Further Mfg. Scrap Sales NET SHIPMENTS License Fees NET SALES COST OF SALES: Cost of Manufacture - Gross Shipments Direct Ships. -- OEM Service Direct Ships. -- After-market Direct Ships. -- OEM Production Platka Interplant -- All Manufacturing Variances Engineering Expense Engineering Expense -- Recouped Product R & E Expense Product R & E Expense-Recouped Warranty Policy -- Adjustments Warranty Policy -- Recouped Plant Accounting Expense Plant Accounting Expense-Redistributed Plant Accounting Expense-Recouped TOTAL COST OF SALES GROSS INCOME MISCELLANEOUS INCOME Dividends from Investments- Interest Income -. Cash Discount on Purchases Cash Discount on Sales Capital Gains or (Losses) ` Other Income (Net) Total Misc. Income (Net) TOTAL INCOME - - SELLING EXPENSE - GENERAL AND ADM. EXPENSE INTEREST EXPENSE INCOMEBEFORE REDIST.EXP.&INCOME TAXES Division Office Charge General Office Charge State & Local Income Taxes INCOME BEFORE F.I.T.-PER BOOKS Federal Income Taxes -- (Note) NET INCOME AFTER F.l.T. % of Income Before F.l.T. to Net Soles % of Net Income After F.l.T. to Net Soles MONTH This Year Last Year > ti 07.963 2 .713.698 403.906r.R 460.780r.R 3 .887CR 4m.i socr 73.325CR 29.708CR 1.188.986 424.989CR 87.604CR L6.930CR 1 .223.393 1.188.986 1.223.393 1.948.770 384.498CR 3.180CR 2.005.689 383.840CR 476.475CR <>7.660 49.159 45.017CR 5.040 4.511CR 1 94 6 11 CP 54.076 2.141 50.178CR 1.167.620 26.366 517.593CR 81.493 59.830 41 .986CR 4.830 4.402CR 71.048 l .035 56.4410* 1 .774.692 1 .793CR 4.3540* 9.463 478CR 2.8 OR 7.4 33 33.805 67.16? 39.678 6? ,93*C 2? .3 6 l f.R P=.?03r.H 7. > r. si 7. >r.ft 8.167 709CR 7.816 10.274 8.976 7.756 4.436 4.860 2.625CR 109.000CR 18.110CR 771CK 130.00 ->r.R i 30 1O.SCft 13.6CP YEAR TO DATE This Year Last Year 7.102.963 2.213.698 403.9Q6CR 460.780CR 3.8B7CR 403.150CR 73.325CR 29.708CR 1.188.986 424.98SCR 87.604CR 16.930CR 1.223.393 1.188,986 1.223,393 1.948.770 384.498CR 3. 180CR 2.005.689 383.840CR 47S.475CR 512.593CR 67.660 81.493 49.159 59.830 45.017CR 41.986CR 5.040 4. 830 4.511CR 4.402CR 194 61 ICR 54.076 71.048 2. 141 1.085 80.128CR 56.461CR 1.167.620 1.224.692 76.366 ________ 1.29BCR 4.354CR 9.463 478CR 3. 167 709CR 7.808 7.439 33.805 2.316 10.274 8. 976 57.162 39.578 2.256 4. 466 4. 860 62.934CR 2.62SCR 109,000CR 22.361CR IB.110CR ___________27.1CR_ 8 5.7950* 130.0D6CR RS.795CR 7.2CR 7.2CR 130.J04CK IC.oC* IQ.cCK VPD.153-0001297 ft we V. 90*67 VICTOR DIVISIONS AND CONSOLIDATED SUBSIDIARIES balance sheet as at SEP. 30,1968 ASSETS CURRENT ASSETS: Cash Marketable securities Accounts receivable, less allowance for doubtful accounts Inventories Prepaid expenses Total current assets INVESTMENTS LAND, BUILDINGS, MACHINERY AND EQUIPMENT Less--depreciation and amortization Net plant and equipment INTERCOMPANY INVESTMENTS INTERCOMPANY ADVANCES AND CURRENT ACCOUNTS INTERDIVISION CONTROL ACCOUNTS Total assets 183.498 326.761 5, 581. 181 108.908 6, 200.349 1.156,441 16, 222,232 2,921,021 13,301.211 971,131CR 16,001,122CR 3.685.748 CURRENT LIABILITIES: Accounts payable Dividends payable Accrued payroll Otber accrued expenses Taxes on income ** Notes payable-current Total current liabilities LONG-TERM DEBT DEFERRED FEDERAL INCOME TAXES CAPITAL AND RETAINED EARNINGS: Preference stock Common Stock ' Capital surplus Retained income: At beginning of fiscal year Current Year -- Income before Federal Income Taxes _ At balance sheet dale Total capital and retained earnings Less cost of stock in treasury: Preference, Shares Common, Shares Net worth Total liabilities LIABILITIES * - 895,686 995,244 361,095 U.572CR 2,240,453 2,001,000 470,410CR 85,295CR 555.70SCR 1,445,294 1.*45,294 3 r fc> 3 7^ 3 vfiD-l53- 0001298