Cassiar Asbestos Corporation Limited

Summary of Consolidated Operations ¢o: the year ended December 31

1978

Cassiar Clinton Subsidiary

Total Mine Mine Company
Revenue:
Asbestos fibre sales $ 80,774,633 | $55,720,559 | $25,054,074
Expenses:
Cost of sales 47,998,134 | 36,935,668] 12,054,273|}$ (991,807)
Transportation to Vancouver and warehousing 10,689,304 5,974,971 4,714,333
Administration, interest, selling and general 5,164,871 3,021,027 2,248,532 (104,688)
Exploration 547,120 482,017 65,103
64,399,429 | 46,413,683 | 19,082,241 (1,096,495)
Income before income taxes $ 16,375,204 | $ 9,306,876 | $ 5,971,833 | $ 1,096,495
Ove,
Cassiar Clinton Subsidiary
Total Mine Mine Company
Revenue:
Asbestos fibre sales $115,077,217 $61,320,554 $53,756,663
Expenses:
Cost of sales 63,153,448 38,685,876 24,467,572
Transporation to Vancouver and warehousing 14,832,870 6,545,081 8,287,789
Administration, interest, selling and general 5,514,561 3,062,058 2,801,174 $ (348,671)
Exploration 404,942 204,789 200,153
83,905,821 48,497,804 35,756,688 (348,671)
Income before income taxes $ 31,171,396 $12,822,750 $17,999,975 $ 348,671

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