Cassiar Asbestos Corporation Limited

Consolidated Balance Sheet as at December 31

Assets 1978 WWE
Current assets:
Accounts receivable $ 2,220,217 Sete s2ees7,
Taxes recoverable 1,786,886 —
Asbestos fibre 15,136,943 14,354,675
Ore stockpiled 785,703 1,103,746
Inventory of supplies 5,748,870 6,004,417
Prepaid expenses 592,823 Sls iS
26,271,442 38,910,967
Investments, at cost which approximates
market 75,862 75,862
Employees’ home purchase agreements 2,506,770 2,711,693
Fixed assets, at cost:
Mine plant and equipment 85,120,518 81,975,407
Automotive equipment 7,735,272 11,753,460
Transportation facilities 3,536,787 1,374,939
Whitehorse — buildings and equipment 761,184 788,238
Leasehold improvements, office
furniture and equipment 533,008 305,794
Roads 1,009,194 1,009,194
98,695,963 97,207,032
Less: Accumulated depreciation 40,013,090 49,605,434
58,682,873 47,601,598
Land and mining claims 535,945 587,855
59,218,818 48,189,453
Deferred charges, at cost less
amounts amortized:
- Exploration and development 3,099,416 1,783,984
Waste removal 43,497,075 41,461,390
46,596,491 43,245,374
$134,669,383 — $133,133,349

*Certain amounts have been reclassified for comparative purposes.

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