‘
$

CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS

SS SS SE EEE TE ETT LS ETT

10

For the Year Ended December 31, 1975
(with comparative figures for the year ended December 31, 1974)

Operations

Revenue:
Asbestos fibre sales
Other sales

Expenses:
Costiol sales! yey as re wees hae oxegede tees slete e wa eee ee et eee
iranspoxtationrandawarehousinGee smear ane reer rc eer
Administrationssellinggancdagenctalue rene eee ee ees

Exploration (note 1)

Iinraesi Cin lNoricoMINES (NOS A) occoscocuceovdoncdsvbooveucounvvcecd

Incomes (loss)soetoresincomesiaxcsiseiy eter tr esr ee
Taxes (note 1):
Current
Deferred

Netsincomel(loss)sfomthetveann cre eet ca ae ree eee ee are

Eamings:(loss)sperssharers tain esti eat erie Pree eee ere y eee

Retained Earnings
Balanceratabeginmingro tay ec teas eet erie mae

Netsincome:(loss)sforithes yearn spin een soe era rer ee eer

Dividends

Balance at end of year

1975

$79,491,557
3,028,730
82,520,287

46,475,686
11,983,151
4,430,798
287,245
1,555,571
64,732,451

_ 17,787,836

5,681,000
3,817,000

9,498,000
$ 8,289,836
$1.51

$16,711,915
8,289,836
25,001,751

$25,001,751

|
|

|

1974

$53,187,426
894,564
54,081,990

40,450,016
10,153,591
3,107,701
1,121,580
1,434,882
56,267,770

(2,185,780)

500,000
(540,000)

(40,000)
$(2,145,780)
$(.39)

$19,682,695
_ (2,145,780)
UAEROOUS
825,000
$16,711,915