Consolidated Statement
of Financial Position

1981 1980
Notes (in thousands)
Current assets
Cash and short-term investments $ 21,000 S$» 6,322
Accounts receivable 16,820 15,738
Asbestos fibre and ore 18,768 11,778
Mine supplies and prepaids 7,986 7,885
Income and mining taxes recoverable (payable) 596 (4,571)
Total current assets 65.170 37,152
Current liabilities
Bank indebtedness 20,320 15,097
Accounts payable and accrued liabilities 14,247 13,916
Total current liabilities 34,567 29,013
Working capital 30,603 8,139
Property, plant and equipment 2 201,688 190,602
Advances to joint venture partner S 6,043 as
Long-term investments 4 ee Et 3,059
Other assets 4,658 3,090
Capital employed 265,163 204,890
Deduct
Long-term debt 5 70,143 =
Debentures payable i = 4,220
Deferred income and mining taxes 6 39,183 41,661
Minority interest in subsidiary 2,983 3,162
112,309 49,043
Shareholders’ investment gi $152,854 $155,847
Contingency 9
On behalf of the Board:
Robert B. Dale-Harris, Director Hugh R. Snyder, Director

See accompanying notes