Cassiar Asbestos Corporation Limited

and its subsidiaries

STATEMENT OF CONSOLIDATED SOURCE AND APPLICATION OF FUNDS
For the Year Ended December 31, 1972

Source of funds:

Operations —
Net profit (excluding gain on sale of assets) ........
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Development and preproduction costs amortized ......
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Application of funds:
Plant and equipment (net) —
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Exploration, development, mining claims and land (net) ..
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Minority interest in consolidated subsidiary .............
Current portion of long term bank loan ................
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Increase in working capital during year ....................
Working capital (deficiency) beginning of year ..............

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PAGE THIRTEEN

1972

$ 4,316,100
5,094,200
916,589
152,607
4,589,820
2,675,000
127,091
17,871,407

292,409
18,163,816

1,632,881
901,665
192,461

2,354
69,762

3,437,140
5,417,807
41,429
11,695,499
553,325
300,000
9,179
1,000,000
3,850,000
17,408,003
BSS
1,545,922

$ 2,301,735

1971

$ 4,591,370
3,190,868
877,635
169,170
4,096,354
2,270,000

“15,195,397
5,000,000
7167

20,196,164

3,071,142

1,582,730
(28,739)

14,368
(20,620)

3,464,235
4,358,912
103,260

12,545,288
656,298
10,459

4,400,000

17,612,045

2,584,119
(1,038,197)

$ 1,545,922