Cassiar Asbestos Corporation Limited

STATEMENTS OF OPERATIONS AND EARNED SURPLUS
For Year Ended September 30, 1957

OPERATIONS

Salestofsasbestos efi te yee etic es sae rt NS eee $8,314,620
Less:

Cost of production (including $162,246 stripping costs absorbed) _... $2,881,763

Shippinggandsmarketin ge costs22) = ee eS 1,600,496 4,482,259

$3,832,361

General and administrative expenses:

Di PECtOLS He hee Sepa eee eee Nita ny Ti oe eae eh $ 2,150

Te rea net set SA Sr ee 3,090

Remunerationmofsexe cutive. OMicers ass awe eee ee ee ee 25,043

Interest paid less earned 15,656

Administrative expenses

74,492 120,431

Profit before. depreciation and amortization — $3,711,930
Depreciation of plantvand equipment == ee $ 862,419

Amortization of exploration and development — deferred __.. 38,216 900,635
INS gp 1 sea ce eae re ess en eS oe Sd SI eee re $2,811,295

Balancer Septem berss Os lOd Git acmaeesciete semua sector ers ee enters ee nee a OS ee $3,283,590
Nets protits (esis ca ove) ae ae RA EE NS SE 2,811,295
Balance September 30, 1957 -.......------------ pst Meee Fug SEO eee ee AS $6,094,885

Pace NINE