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Total Liabilities
$ 2,466,612.04
Net Assets $ «JW*U8
Deduct — Reserve for investment in Spanish subsidiary company 25,000.00
Contingent liabilities (approximately) $50,000
Balance of Net Assets at May 27, 1939, per Balance Sheet $ 468,235.48
CONSOLIDATED FILM INDUSTRIES, INC.
Film Laboratories, etc. Incorporated Jan. 7, 1928, in Delaware = General Office, 1776 Broadway, New York =
Organized in 1928 to succeed company of same Capitalization: Common stock, $1 par, 600,000
name formed in 1924 in New York as a consolida sha^s. authorized, 524,973 outstanding Cum $2
. participating preferred stock, no par, 400,000 shares
tion of various laboratories in California and the authorized and outstanding.
East. Subsidiaries include Cinema Patents Co. Dividends: Preferred, paid $1 in 1939;
and Consolidated Molded Products Corp. Common, none at present.
PRICE RANGE OF STOCK
— Common — Earned
Year High Low Per Sh.
1939 2% H
1938 2Yi 1 $.34D
1937 SH 1 .37D
1936 7ys 4A .23
1935 7'A 3A .53
1934 6'A lft .22
1933 5J4 1M -21
1932 5H 1 -12
1931 15 3yi .96
1930 27^ 77A 2.50
1929 27Vi 10 3.41
1928 23 12^ 2.25
1927 1.35
1926 .47 D— Deficit.
Preferred
Earned
High
Low
Per Sh.
12%
7%
12%
4/2
$Y.54
isy4
ty4
1.51
20 Yi
ISA
2.30
22Vi
UA
2.69
2oys
10 M
2.29
HM
SA
2.27
ny4
2y4
2.16
WA
7H
3.26
28 A
12A
5.77
3oy4
ISA
7.96
29y2
23
5.25
3.80
2.62
CONSOLIDATED BALANCE SHEET AS OF JANUARY 1, 1939
Assets
Current and Working Assets: Cash in banks and on hand $ 368,907.78
Trade acceptances, notes and loans receivable, $2,803,525.73; Accounts receivable, trade,
$1,575,261.02, total, $4,378,786.75; Less, reserves, $123,601.08 4,255,185.67
Interest receivable 59,203.48
Inventories — Raw materials, manufacturing supplies, goods in process and finished products,
at cost or market, whichever lower 393,359.79
Total Current and Working Assets $ 5,076,656.72
Secured Notes Receivable, Maturing after 1939: Motion Picture Realty Co., and "Universal"
real estate and chattel mortgages 1,000,000.00
Cash surrender value of life insurance 127,799.52
Investments in securities of other companies 902,1090.00
Propert.es and Plants: Land, buildings, machinery and equipment, at cost, less, reduction of $906,406.95 by the management as at December 31, 1931, $5,467,403.48; Less, reserve
for depreciation, $1,413,041.03 4,054,362.45
Prints and negatives 233,436.11
Goodwill, patents, etc 1.00
Prepaid expenses and deferred charges 64,176.01
$11,458,531.81
Liabilities, Capital Stock and Surplus
Current Liabilities: Notes payable, trade $ 544,970.97
Accounts and vouchers payable, trade 387,990.75
Accruals and reserves — payrolls, royalties, etc 111,759.36
Taxes — Excise, sales, franchise, social security, unemployment and estimated Federal
income taxes 191,267.94
Total Current Liabilities $ 1,235,989.02
Deferred income 11,590.00
Capital Stock: 400,000 shares, $2 cumulative paiticipating preferred stock, no par value, authorized and issued, stated value fixed by board of directors at $15 per share, $6,000,000; Arrearages of dividends on above, ($7 per share) $2,800,000; 524,973 shares, common stock
par value $1 per share, issued and outstanding, 600,000 shares authorized, $524,973 6,524,973.00
Surplus: Capital surplus balance 101,780.77
Earned surplus 3,584,199.02
$11,458,531.81
983