Cassiar Asbestos Corporation Limited

and its subsidiaries

STATEMENTS OF CONSOLIDATED OPERATIONS AND RETAINED EAR
For the Year Ended December 31, 1972

NINGS

OPERATIONS
Revenue: 1972 1971
Asbestosstibretsal est ier asic a cea earn ecg re ere $45,034,633 $40,563,996
Otherssalesy isc) eee ee ts a oie agree eee 393,060 351,430
TmVvestime mts saree cee hey eter yee cae 29,869 93,594
Garin © salle OF MSHS 2.5. o cs docs o ce cassccevccouoss 7,058 36,776
45,464,620 41,045,796
Expenses: rer
Cost Ot selles Gnoies I ame! DQ) 2... ccc cv ccuccuacusccocs 25,487,616 22,362,321
Transportation to Vancouver and warehousing (note 1) .... 9,354,631 8,877,841
Administration, selling and general expenses ............ 2,388,604 2,212,714
Exploration and research expenses (note 2) ............ 263,458 269,063
Interestronkborrow ings (OteeS)) meee eee 654,241 566,170
LOSS meniliqeal ON WMVESHNSUIS .. 050 025ccceccssvocacc: 127,091
38,275,641 34,288,109
"7,188,979 6,757,687
Minority interest in loss of subsidiary ...................... 9,179 10,459
IXHONIE WORD MACON HOES 2 nono cceebooucauscvadveesuece 7,198,158 6,768,146
Income taxes (note 4):
(QUIS CE eer es et coat per nie eG Malle a cera cer WA os oe 200,000 (130,000)
ID fester elle eames re mes grates ena ce acer ela neni 2,675,000 2,270,000
2,875,000 2,140,000
INGE [ORO HOI TINS WEEP. os sc bo nooo nseccceceueeses $ 4,323,158 $ 4,628,146
JETS FOI EW 5255 hoses eb dob och descaeecaulecuun 78.6¢ 84.1¢
RETAINED EARNINGS
IS RIETNOS ENE KeeataaNNy Ot WERE. sons coc ouevasaasuacesccde: $20,546,063 $20,317,917
INGE PRONE TOR TNS WEE So. ce asso e oa mas eeocrsoccsodnssoex 4,323,158 4,628,146
24,869,221 24,946,063
ID Yhtalesatalses aie eenentoe cen erie ere ee nila ara eeey See ON noe, 3,850,000 4,400,000
BellaMeS ait Gael Ol WE wooo ca sca coc sscevccecnobscesucees $21,019,221 $20,546,063

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