Year book of motion pictures (1940)

shaics are under options in favor of certain executives and director! of the company, one-fourth thereof at $13.65, $15, $16, and $17 a share respectively, at various dates up to July 31, 1941. Earned surplus, per statement attached, $3,364,686.04 ; 7,482,926.04 Contingent Liabilities: Under guarantees, etc. for account of associated companies, $718,860.14 $16,185,224.98 CONSOLIDATED STATEMENT OF PROFIT AND LOSS AND SURPLUS For the Year Ending December 31, 1938 (Comprising the income and expenditure of Famous Players Canadian Corporation Limited and of those subsidiaries in which the parent company's interest in the common stock represents 85% or more) Profit and Loss for the year ended December 31, 1938: Profit from operations, before providing for depreciation, interest, etc., as under, $2,231,659.97; Dividends received, $145,485.99; Interest earned, $48,976.63; Profit (net) cn disposal of capital assets, $20,060.97; Prior year income tax adjustments, $5,046.22 $ 2,451,229.78 Less — Officers' salaries, $135,460.74; Directors' fees, $4,300; Legal fees paid $11,098.72, less portion thereof relating to acquisition of new properties, $1,146.16, $9.952.56 149,713.30 $ 2,301,516.48 Less — Interest on bonds, mortgages, etc 328,531.84 $ 1,972,984.64 Less — Depreciation: Buildings, improvements and equipment, $560,807.40; Amortization of leases, franchise, investments, etc., $138,066.59; Amortization of expenditures in connection with re-organization of funded debt, $51,000 749,873.99 Profit for the Year, Before Income Taxes $ 1,223,110.65 Deduct— Provision for Income Taxes (estimated) 200,000.00 Balance of Profits $ 1,023,110.65 Deduct — Proportion thereof applicable to interest of minority stockholders in subsidiary companies 48,322.44 Balance of Net Profits $ 974,788.21 Earned surplus as at January 1, 1938 2,716,717.03 $ 3,691,505.24 Deduct— Dividends paid '■ 326,819.20 Earned Surplus as at December 31, 1938 $ 3,364,686.04 GENERAL THEATERS EQUIPMENT CORP. Holding Company Incorporated July 11, 1929, in Delaware General Office, 92 Gold St., New York, N. Y. In addition to being a holding company controlling various firms engaged in the manufacture and distribution of theater equipment, the company on April 7, 1930, acquired voting control of Fox Film Corp., and Fox Theaters Corp. through purchase from William Fox of his voting stock in these companies. General Theaters also has a 50% interest in Grandeur, Inc. Subsidiaries of General Theaters include: International Projector Corp. National Theater Supply Co. Theater Equipment Contracts Corp. J. E. McAuley Manufacturing Co. Hall & Connolly, Inc. Strong Electric Co. J. M. Wall Machine Co. Cinema Building Corp. Zephyr Shaver Corp. Capitalization: 800,000 shares of no par common stock authorized of which 597,887 is issued or irrevocably authorized for issue. Dividends: Paid $1 in 1938; .80 in 1939. PRICE RANGE OF STOCK (Stricken from listing by New York Stock Exchange, June 9, 1932. Transferred to Chicago Stock Exchange. Removed in Dec. 1932 to New York Curb. Stricken from Curb Jan. 11, 1934 Listed on N. Y. Stock Exchange.) Earned Year High Low Per Sh. 1939 IS'A S'A 1938 16J4 854 $.85 1937 3344 9*A 1.45* 1936 3144 17 1.80 1933 % 'A (New Common) 1932 VA >A 1931 15'A 'A $1.97D 1930 lS'A S'A .85 (Old Common) 1930 14'4 51J4 $1.44" 1929 66/, 24 1.72 1928 .34 1927 .34 NEW $3 PREFERRED STOCK Earned Year High Low Per Sh. 1932 14* Vi 1931 31K H $1.05D 1930 37!4 2244 4.71 D— Deficit. * 9 months. "* $2,000,000 loan paid off. 987