Cassiar Asbestos Corporation Limited

Consolidated Balance Sheet

as at December 31

Assets

_)
1979 1978 :
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Current assets: |
Cash $ 1,752,519 — |
Accounts receivable 9,781,324 2,220,217
Taxes recoverable 865,612 1,786,886
Asbestos fibre 6,859,020 15,136,943
Ore stockpiled 265,022 785,703
Inventory of supplies 6,102,086 5,748,870
Prepaid expenses 328,362 592,823
25,953,945 26,271,442
Investments, at cost which
approximates market 80,888 75,862
Employees’ home purchase agreements 2,771,451 2,506,770 |
Fixed assets, at cost:
Mine plant and equipment 92,269,042 85,120,
Automotive equipment 7,511,448 7,735,2
Transportation facilities 3,516,216 3,536,787
Whitehorse—buildings
and equipment 761,184 761,184
Leasehold improvements, office
furniture and equipment 574,428 533,008
Roads 1,009,194 1,009,194
105,641,512 98,695,963
Less: Accumulated depreciation | 45,187,610 40,013,090
60,453,902 58,682,873
Land and mining claims 535,846 535,945
60,989,748 59,218,818
Deferred charges, at cost less
amounts amortized:
Exploration and development 4,777,878 3,099,416
Waste removal 48,562,302 43,497,075
53,340,180 46,596,491
| $143,136,212 ee