Cassiar Asbestos Corporation Limited

STATEMENTS OF OPERATIONS AND EARNED SURPLUS
For Year Ended September 30, 1958

OPERATIONS
Profit on operations after absorbing stripping costs of $224,050 and before the
Ol Owin pags aeee ae aes Siar eat ea) AS ee cblemae site See

Interest earned less interest paid

Deduct:
MB) tect Ors pet ie cS tee nde atte) a a es Bg eg Fe DED)
Remunerationmofs executive oficers ns ered te BE ps ee ee 25,008
Profit before taxes on income, depreciation and amortization —
Bed uct ata xesy om pirico rma eae esa eae len eS
Profit before depreciation and amortization 2-2 cece
Deduct:
Die pre ciation get a ae Ee De ee PB EE $ 960,983
Amortization of exploration and development — deferred 38,923
ING GS prot tatters ast ey eee aed ee imei es Sea
EARNED SURPLUS
BalancesSeptembers 30591095722 ta ee eh Seer aS
Deduct adjustments applicable to prior years in respect of:
Reduction in value of inventory of asbestos fibre at September 30, 1957 to
COS Cpe (11 ot ee) ee a a at eee eee Pee $ 808,988
Stripping: costs deferred? (notes 2) i= sess Ss So ree Were a 53,046
WMvaxess (rote 24!) ass ses Nea ek ne os oa Md ele 8 70,000
Adijustedubalance; September 3.05) 1957! tat as aoe 9 es REN Bows Be
INetuprofits/ (asvabove) 2. ations iw Se aes eae RT os ei riahe ne oor
Deduct dividends:
lO¢kpersshate: paid pul yeal os gO) 8 ose rotator ee ree ee $ 380,000
1O¢eperssharetpayablen@ctober= 2051998: sess = Se 380,000

Balancer Septembery. 505 iel95 8 jy See tae s e  renite

$4,256,680
10,257

$4,266,937

27,558

$4,239,379
342,000

$3,897,379

999,906

$2,897,473

$6,094,885

932,034

$5,162,851
2,897,473

$8,060,324

760,000

$7,300,324

The accompanying notes to the financial statements are an integral part of these statements

and should be read in conjunction herewith.

Pace NINE