Cassiar Asbestos Corporation Limited

Consolidated Balance Sheet

as at December 31

Assets

_) 1979 1978 : ZZU0=U=0U0gLfC Cs a ae 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