28 THE CUBA REVIEW 



Corporate Surplus : 



Profit and Loss Account — Credit Balance, as per 



Statement herewith $ 2,039,025.42 



Funded Debt retired through Income and 

 Surplus : 

 Consolidated Mortgage 5% Gold 

 Bonds of Havana Electric Rail- 

 way Company .$478,000.00 



Thirty-seven Year 5% English Mort- 

 gage Bonds of Compaflia de Gas y 



Electricidad de la Habana 128,083.31 606,083.31 



Sinking Fund 116,208.83 



Reserve for Depreciation 426,000.00 3,787,317.56 



.$01,002,610.13 



CONDENSED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 



DECEMBER 31, 1918. . 



Railway Light and Power 

 Department Department Total 



Gross Earnings from Operation $4,156,082.13 $4,020,462.63 $8,176,544.76 



Operating Expenses 2,112,200.95 1,662,619.83 3,774,820.78 



$2,043,881. IS .$2,357,842.80 $4,401,723.98 



Deduct I 



Taxes, U. S. A $ 216,148.15 $ 249,341.88 $ 465,490.03 



Taxes, Cuba 12,000.00 121,000.00 133,000.00 



Trigo Annuities 3,344.84 3,344.84 



Interest 572,990.80 416,147.36 989,138.16 



$ 804,483.79 $ 786,489.24 $1,590,973.03 



$1,239,397.39 $1,571,353.56 $2,810,750.95 



Deduct 



Reserve for Depreciation $ 89,513.23 $ 113,486.77 $ 203,000.00 



$1,149,884.16 .$1,457,866.79 $2,607,750.95 



Add 



Miscellaneous Income 



Interest on Deposits $ 40,981.07 



Rents 27,034.67 



Other Miscellaneous Income 72,879.17 



$ 140,894.91 



$2,74S,645.86 

 Deduct 



Reserve for Bad and Doubtful Debts $ 101,541.82 



Provision for Sinking Fund of English Bonds of Coin- 



pafiia de Gas y Electricidad de la Habana 13,052.33 



Provision for Sinking Fund of Havana Electric Railway 



Company Consolidated Mortgage Bonds 109,703.50 224,297.65 



Net Profit for the Year $2,524,34S.21 



Balance at Credit of Profit and Loss Account, January 1, 191S 2.270,290.19 



$4,794,638.40 



Dividends Paid 



On Preferred Shares : 



May 15, 1918, on $20,978,477 at 3% $ 629,354.31 



Nov. 15, 1918, on .$20,978,477 at 3% 629,354.31 $1,258,708.62 



