Financial

1984

1983

(in thousands)

REVENUE

Asbestos $ 72,493 $ 70,239

Oil and gas 4,781 4,889

Investments and other 1,134 622
Total Revenue $ 78,408 $ 75,750
PROFIT (LOSS) BEFORE EXTRAORDINARY ITEMS $ 4,921 $ (5,641)

Per common share after deducting dividends

on preferred shares (dollars per share) 0.06 (0.56)
NET PROFIT (LOSS) AFTER EXTRAORDINARY ITEMS $ 71 = $ (20,081)

Per common share after deducting dividends

on preferred shares (dollars per share) (0.22) (1.41)
EXPENDITURES ON PROPERTY, PLANT AND EQUIPMENT

Asbestos $ 10,054 $ 15,126

Coal 271 1,044

Oil and gas 594 550

Gold _ 78
Total Expenditures $ 10,919 $ 16,798
LONG-TERM DEBT $ 35,000 $ 49,000
TOTAL DEBT (net of invested capital) $ 51,224 $ 79,136
SHAREHOLDERS’ EQUITY $ 101,232 $ 99,786
Production 1984 1983
ASBESTOS (tonnes) +793 526 782 185
CRUDE OIL (barrels) 114,500 135,050

Daily 313 370
NATURAL GAS (mcf) 599,600 553,000

Daily 1,638 1,515
Reserves 1984 1983
OPERATING

Asbestos ore (tonnes) 6 305 000 7 372 000

Net Crude Oil (barrels) 1,699,000 2,199,000

Net Natural Gas (bef) 30.9 33.1

++11 Months operation in 1984
+ 10 Months operation in 1983

Brinco Limited is a Canadian controlled
resource development company,
engaged through subsidiaries in
exploration, development and production
of energy resources (oil and gas and
coal), industrial minerals (asbestos),

and base and precious metals.