ZORPORATION LIMITED

anada Corporations Act)

ibsidiaries

Fecember 31, 1972

LIABILITIES

Current: 1972 1971
Bank indebtedness (note 3) ......... Bt ee aa ee $ 9,296,510 $ 7,578,892
Accounts payable and accrued charges ce 2,994,606 2,800,850
Dividend payable January 29, 1973 (January 28, 1972) 825,000 1,100,000
MiaxesipayaDlew.. hh : 892,115 325,019

Total current liabilities gS aca Maclean eae eae 14,008,231 11,804,761

Term bank loan (note 3) .. PUNE eee ech ee Stee Seay eR 4,000,000 5,000,000

Income taxes deferred (note 4) : Terie ee Pn RD Re 15,120,000 12,445,000

Minority interest in subsidiary (note 5) Se a Ss Ree Naga 289,321

Shareholders’ equity:

Capital —
Authorized:
5,500,000 shares without nominal or par value
Issued:
5,500,000 shares .... ee 2 95905-473 28,903,473
Retained earnings .... RE ReM oie ren acane: Ones Hae eee 21,019,221 20,546,063
49,922,694 49,449 536

On behalf of the Board:
J. D. CHRISTIAN, Director

GER ELELOME, Director

$83,050,925 $78,988,618

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