United Artists Corporate Minutes (Jan 1951)

Page scan 0009 from United Artists Corporate Minutes

Record Details:

Title:
United Artists Corporate Minutes
Date:
Jan 1951
Volume:
United Artists Corporate Minutes (1951)
Leaf #:
0009
Language:
English
Subjects:
Motion Pictures, Motion Pictures
Collection:
Hollywood Studio System
Contributor:
Wisconsin Center for Film and Theater Research
Sponsor:
Mary Pickford Foundation
Coordinator:
Media History Digital Library
Date Added:
August 28, 2022
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~—_ "Gomsolideted Het orth ag at December 28, 1546 consisting of:Capital Stock 2. 1,200,000.00 | Zarned Surplus j oh 650 922.35 $ 3,850,922.35 “Stock purchased from Vanguard Films, Ine. in 1947 2 2,000,000.90 Dividend declared and paid 1947 ———100,000:00 __24100,00.00 ” ® ~~ E . @ 1, 750,922.35 Adds , Profit per P. r. report for 1947 7 46,021. 7h y * 1948 & 516,534.31 — y nae ® ® <7" ba . 1949 . 208; 792.50 — ——-~--—-1_STemtative * * 7 months 1750 bi5eT43076 — Tekh — . Consolicated Net Worth «as at Jaly BD, T50_, Sig erence = consisting of: tal Stock § a0 ————_ ‘$ 1,029,874.52 Re@uction in Consolicated Net forth in 3 years, 7 acaths $ 2,821,047.83 BMH 4 ee RT OL. c. received trom Jacques Grinieff as an advances payuent against 5 royeities for certain woticn picture rights $ 800,900.00 Of this sum there wae applied: against umrecouped negative cost ¢ 129,198.00 as Jotm Ford's participation in STAGECOACH »2g92.00 as 3 participations in TO Bi OR NOT TO 8B 199238200 __11,357,00 leaving ss profit (before deducting income tex) & 658,643.00 If thie profit were not realised in 1947, the results for that year would have been a loss. a, REE se RRR i aold 42,9 Rigi oa Sheres of Gdeon Thestras, Ltd. at the rica of 329 * " & 136,359019.22 The cost allocated against these sharcs vas moss leaving e profit of & 130,954. 1.5 or $ 522,043.69 : =: If this profit vere act realized in 1947, the results for that year would have been a loss. . ee ee solid one-half of our 50% interest ' im theatres in Les angeles anc San Francises for 2 125,000.90 The cost of this one-half of our 50% interest was thie profit were not realised to 1948, the lees for that year would have beeu creater.