THECUBAREVIEW 27 



Thirty-seven- Year 5% English Mort- 

 gage Bonds of Compania de Gas y 

 Electricidad de la Habana 141,616.63 728,616.63 



Sinking Fund Reserves : 



Consolidated Mortgage 5% Gold 

 Bonds of Havana Electric Railway 



Co .n22,079.00 



General Mortgage 5% Sinking Fund 



Gold Bonds 52,728.42 174,807.42 4,061,927.37 



.?61,989,495.75 



CONDENSED PROFIT AND LOSS ACCOUNT FOR THE TEAR ENDED 



DECEMBER 31, 1919 



Railivay Light & Poicer 



Department Department Total 



Geoss Earnings from Operations .*4,485,249.20 $4,912,203.26 $9,397,452.46 



Operating Expenses 2,541,767.44 2,031,772.94 4,573,540.38 



$1,943,481.76 $2,880,430.32 $4,823,912.08 



Deduct 



Taxes, U. S. A $103,200.00 $140,600.00 $243,800.00 



Taxes, Cuba 5,000.00 154,000.00 159,000.00 



Trigo Annuities 3.344.84 3,344.84 



Interest on Funded Debt 567,261.02 412,449.77 979,710.79 



$678,805.86 $707,049.77 $1,385,855.63 



$1,264,675.90 $2,173,380.55 $3,438,056.45 



Deduct 



Reserve for Depreciation $228,844.92 $393,276.32 $622,121.24 



$1,035,830.98 $1,780,104.23 $2,815,935.21 



Add 



Miscellaneous Income 



Interest on Deposits and Securities, less Loss 



on Securities sold, etc $33,155.45 



Rents 31,382.81 



$64,538.26 



$2,880,473.47 

 Deduct 



Amortization of Bond Discount and Expenses $24,250.68 



Provision for Sinking Fund 37- Year 5% English Mortgage 

 Bonds of Compania de Gas y Electricidad de la Ha- 

 bana 13,533.32 



Provision for Sinking Fund of Havana Electric Railway 



Company Consolidated Mortgage 5% Gold Bonds.... 114,870.17 



Provision for Sinking Fund of the Havana Electric Rail- 

 way, Light & Power Company General Mortgage 5% 

 Sinking Fund Gold Bonds 52,728.42 205,382.59 



Net Profit for the Year $2,675,090.88 



Balance at Credit of Profit and Loss Account. January 1, 1919. . 2,639,025.42 



$5,314,116.30 



