Cassiar Asbestos Corporation Limited

and its subsidiaries

STATEMENTS OF CONSOLIDATED OPERATIONS AND RETAINED EARNINGS

For the Year Ended December 31, 1971
(with comparative figures for the year 1970)

OPERATIONS

ig CAs

Revenue:
AIS DEStOS ahi DTS SAleSih me eeeat eer ogee teen pe eg are $40,563,996
@therasalesmed saws eee ener aa ee ee 351,430
TN VEStMeTItS | ale eree tcc renee oe ee 93,594
Gaim Ol SIS OF GESTS... ccc ceo casonccavescsacecce 36,776
41,045,796

Expenses:
Cost @: Gules (ROIS I) ccocsocevsonvscssauevndsccusss 22,362,321
Transportation to Vancouver and warehousing (note 1) .. 8,877,841
Administration, selling and general expenses ........... 2,212,714
Exploration and research expenses ................... 269,063
IMterestonsbontowin eon (OtCHS) Mei een 566,170
34,288,109
6,757,687
Minority interest in loss (profit) of subsidiary .............. 10,459
PIROOE OSKOMS THNEOING EES . occ vescocncodaeusseanace 6,768,146

Income taxes (note 4):
( Gb) v Ye Resreemc te nntnnt etre WDE mn eas Spee AC Vee ee (130,000)
Deferred See ance te eee eer ee er ee ee 2,270,000
2,140,000
INGE ROO WO TNS FEA . occ ccc corn ucasoensccusccavvees $ 4,628,146
Earnings epersshatees er pie yeaa ere nee rena ee $ .84
RETAINED EARNINGS

Balancesatabe Simnin oa hay.c a teresa sn ne ee $20,317,917
INGE PROVE TOF UNS YEA. ss occ s acco sso secaeaecvesobsoesn 4,628,146
24,946,063
Dividends totalling 80¢ per share ........................ 4,400,000
Rellames att GimGl OF WEA oss 5c55 ccc ancncceeaccreusasecess $20,546,063

PAGE SIX

1970

$41,321,623
529,573
33,257
40,963

41,925,416

20,758,088
9,648,240
2,274,673

280,042
432,993

33,394,036

8,531,380
(11,068)

8,520,312

760,000
620,000

1,380,000
$ 7,140,312

$ 1.31

$17,577,605
7,140,312

24,717,917

4,400,000

$20,317,917