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Subsidiary Corporation Stock Outstanding:
(Metro-Goldwyn Pfd.) 4,472,520.19
Deferred credits:
Securities from tenants $212,797.99 $284,810.72
Rentals received in advance.. 734,988.84 299,251.39
Miscellaneous 18,554.18 8,935.55
966,341.01 592,997.66
Capital Stock and Surplus: Capital stock outstanding:
1,060,780 shares without par value 26,280,858.14 26,280,858.14
Surplus:
Surplus Sept. 1, 1923 $2,961,485.73 $545,997.41
Net profit for fiscal year
ended Aug. 31, 1924... 2,949,052.52 2,415,488.32
$5,910,538.25
Dividends paid 1,591,170.00
$4,319,368.25
Dividend declared, payable
Sept. 30, 1924 530,390.00
Surplus Aug. 31, 1924 3,788.978.25 2,961,485.73
$49,913,111.18 $39,520,024.82
OPERATING STATEMENT
1924 1923
Cross Income:
Theater receipts, rentals, sales
of films and accessories. . . $40,628,928.13 $16,860,160.69
Rentals of stores and offices. 1,448,048.59 1,363,237.55
Booking fees and commis'ns. 630,181.37 623,622.70
Miscellaneous income 230,110.51 271,677.52
$42,937,268.60 1$19,634,355.33
Expenses :
Theaters and office bldgs $24,182,952.90 $8,320,485.54
Film distribution 4,327,419,58 2,958,354.72
Amortization of films 2,766,547.35 2,118,832.26
Film advertising accessories. 436,177.1 1 366,656.68
Producers' share film rentals 5,862,032.10 2,793,633.70
$37,575,129.04 $16,557,962.90
Operating profit before depreciation and Federal taxes $5,362,139.56 $3,076,392.43
Depreciation of buildings and
equipment $825,030.76 $409,711.73
Federal taxes, estimated 450,673.77 251,192.38
1,275.704.53 660,904.11
Minority interests' share,
affiliated corporations .... $946,350.59
Loew's Inc. share undistributed, affiliated corps 112,858.14
$4,086,435.03
1,059,208.73
$3,027,226.30
Dividends declared on subsidiary's stock outstanding (Metro-Goldwyn Pfd.) 78,173.78
Net profit transferred to surplus $2,949,052.52 $2,415,488.32
'This includes item for $27,628.08 for advances to artists and employes, tlncluding $515,656.87 f«* dividends received from affiliated corporations.
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