THE CUBA REVIEW 



21 



THE AMERICAN SUGAR REFINING COMPANY 



AND ITS CONSTITUENT COMPANIES 



Condensed General Balance Sheet, December 31, 1916 



ASSETS 



Real estate and plants, including refineries, warehouses, cooperage, railroads, tank cars, wharves 

 and stables, with their machinery and equipment, and timber and other lands owned in fee 

 or through ownership of the entire capital stock of constituent companies, at cost less deprc- 

 tion 



Investments, general 



Investments, insurance fund 



Investments, pension fund 



Merchandise and supplies, including raw and refined sugar, syrup, material in process of manu- 

 facturing, boneblack, cooperage and other stock and supplies on hand 



Prepaid accounts, insurance, taxes, etc 



Loans 



Accounts receivable 



Accrued income, interest earned and dividends declared but not yet collected 



Cash on hand with trust companies, banks and short-term loans 



Capital Stock: LIABILITIES. 



Preferred $45,000,000.00 



Common 45,000,000.00 



Sundry Reserves : 



Forinsurance ' $9,000,00(1(1(1 



For pension fund l,250,0(lii (Ml 



For improvement of plants ' 1,367,.')1 i.S4 



For trade mark advertising 1,000,000.00 



For contingencies 857,753.03 



Accounts and loans payable 



Dividends declared payable January 2, 1917, and former dividends unclaimed 



Surplus: 



Balance December 31, 1915 $16,328,802.22 



Add Amount transferred in 1916 from profit and loss account 2,019,909.47 



Income and Profit and Loss Statement for the Year 1916 



Profit from operations 



Interest on loans and deposits . 



Income from investments 



Net profits from investments . . 



CREDITS: 



DEBITS: 



For depreciation, renewal or replacement of plant and equipment 



For appropriations to reserves as follows: 



Insurance fund $1,000,000.00 



Improvements of plants 1,000,000.00 



Trade Mark .\dvertising l.OOjO.OOO.OO 



Pension fund 250,000.00 



Contingencies 133,562,09 



For dividends declared during 1916 



Balance added to surplus 



$47,246,442.80 



23,972,0:50.34 



9,000,000.00 



1,250,000.00 



18,654,839.97 



1,527,643.32 



1,222,193.00 



3,833,259.72 



555,907.03 



22,717,453.53 



$129,979,775.80 



.190,000,000.00 



13,475, 267.S7 



6,555,963.24 

 1,599,833.00 



18,348,711.69 

 $129,979,775.80 



$9,756,379.42 



792j990.70 



2,905,737.10 



248,336.34 



$13,703,443.56 



$2.,000,OCO.CO 



3,383,562.09 

 6,299,972.00 



Profit and Loss Statement 

 Credits : 



Profit from operations 



Interest on loans and deposits 

 Income from Investments. . . . 

 Net profit from investments . . 



COMPARATIVE STATEMENT YEARS 1913, 1914, 1915 AND 1916. 



1915 



1913 



$1,015,853.21 



894,204.30 



2,274,931.20 



1914 



$2,791,050,07 



934,330.45 



1,627,650.31 



786,359.13 



$11,683,534.09 

 $2,019,909.47 



$2,991,465.39 



880,609,09 



2,312,646.21 



1916 



$9,756,379.42 



792,fe0.7O 



2,SCf,7c7.]0 



248,336.34 



Amount of appropriations for improvement of 

 plants expended in new construction, and 

 offset in depreciation on plant and equip- 

 ment below 



Amount deducted from surp. of former years. . 



Debits: 



Depreciation, Renewal and Replacement. 



Sundry reserves 



Dividends declared 



$4,184,988.71 $6,139,389.96 $6,184,720.69 $13,703,443.56 



903,279.88 

 3,196,195.47 



707,178.50 

 1,198,630.56 



685,470.76 

 701,992.24 



$8,284,464.06 $8,045,199.02 $7,572,183.69 $13,703,443.56 



$1,127,767.81 



856,731.25 



6,299,965.00 



$821,112.63 



924,114.39 



6,299,972.00 



$790,304.71 



481,906.98 



6,299,972.00 



Amount added to surplus of former years. . . . 



$8,284,464.06 $8,045,199.02 $7,572,183.69 



$2,000,000 

 3,383,562.09 

 6,299,972.00 



$11,683,.534.09 

 2,019,909.47 



$13,703,443.56 



