Production Encyclopedia 1952 (1952)

626 FINANCIAL Inventories: Released productions, at cost, less amortization including $734,788.42 Pledged to secure contra notes payable, bank Completed productions, not released, at cost, including $959,748.84 pledged to secure contra notes payable, bank Productions in process and charges to future productions, at cost, including $1 1 1,009.44 pledged to secure contra notes payable, bank Raw materials, accessories, manufacturing supplies, goods in process and finished products, at average cost or market (whichever lower) Total current assets Current assets in foreign countries (subject to withdrawal restrictions) less reserves Deposits Cash surrender value of life insurance Investments in and advances to other companies, at cost or value of equity Properties, plants and equipment, at cost, less fully depreciated items Less reserves for depreciation Prepaid expenses and deferred charges Goodwill, etc LIABILITIES, CAPITAL SHARES AND SURPLUS: Current liabilities: Notes and accrued interest payable: Banks, secured by pledge of contra released and not released productions ^ Shareholder Trade Accounts payable, trade Other producers' and participants' shares payable Accrued taxes, including estimated Federal taxes on income Accrued interest on 4% Cumulative Income Debentures (1965) Accrued liabilities (other than taxes and interest) Total current liabilities Current liabilities in foreign currencies including deposits and prepayments by customers and amounts due other producers Deferred foreign income, subject to withdrawal restrictions and Federal taxes thereon Reserve for contingencies Funded debt: 4% Cumulative Income Debentures (1965) .-- Capital shares: 400,000 shares $1.00 cumulative convertible preferred stock, par value $10 per share, issued and outstanding of 600,000 shares authorized 1,817,860 shares of common stock, par value 50c per share, issued and outstanding (exclusive of 804 shares in treasury) of 2,750,000 shares authorized Capital surplus consisting of the earned surplus as of November 26, 1945 of the consolidated and merged predecessor companies Earned surplus since November 26, 1945 2,033,024.90 3,144,620.18 1,334,864.92 6,646,278.18 2,712,443.42 8,253,353.40 14,483,620.79 2,260,256.73 38,274.22 280,614.43 54,800.00 3,933,834.76 289,151.56 1.00 $21,340 553.49 1,805,546.70 962.017.25 30,132.50 $ 2,797.696.45 661,005.81 262,485.87 1 ,620,202.83 68,956.52 432,074.79 4,000,000.00 908,930.00 5,842,422.27 941,1 13.84 722,313.16 300,000.00 5,200,000,00 4,908,930.00 2,556,911.58 868,862.54 $21,340,553.49 The corporation is contingently liable to banks as guarantor of notes payable of other producers in the amount of approximately $300,000 recoverable from film rentals. CONDENSED CONSOLIDATED STATEMENT OF INCOME AND PROFIT & LOSS AND EARNED SURPLUS ACCOUNT Year Ended October 27, 1951 PARTICULARS: Net sales and net income from film rentals and royalties Deduct: Share to other producers and participants $ 1,583,158.31 Amortization of film production costs 9,222,099.92 Laboratory, molded products and accessory costs 12,386,666.06 Depreciation other than $166,290.12 added to production costs and written off as amortization of such costs 253,771.40 Taxes other than Federal taxes on income and taxes of $204,730.06 added to production costs and written off as amortization of such costs 685,392.08 Selling, administrative and general expenses, including advertising and publicity expenses 7,360,378.53 Provision for bad debts, foreign and domestic 163,790.75 Loss on foreign exchange 86,021.67 Total cost of sales and operating expenses Operating profit Other income, including interest, rents, discounts, recoveries, etc $33,409,612.85 31,741,278.72 1,668,334.13 266,653.98 1,934,988.11