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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