28 r H E C U B A R E TIE W 



UXEXPENDED FuXDS: 



For 1922 dead season current repairs and maintenance 875,000.00 



For maintaining soil fecundity 38,251 .78 



Surplus: 



Balance at September 30, 1921 83,204,174.45 



Add — Profit on operations for the year as per 



account annexed 8106,063 .45 



Profit arising from purchase of company's own 



stock 25,673 . 27 



131.736.72 



83,335,911.17 



Deduct — Transferred to no par value stock 8675,000.00 



Dividends on preferred stock 51,604.88 



726,604.88 



1 



I 



2,609,306 . 29 



vS8,249.172.38 



guaxtaxa:mo sugar com p any 



Profit .a.xd Loss Accouxt 

 Year Ending September 30, 1922 



Gross sugar sales, less sea freight, commissions, etc 82,703,894.57 



IMolasses sales 35,693 . 78 



-_ 82,739,588.35 



Deduct — Producing and manufacturing costs and shipping expenses, including 



Xew York and Guantanamo office expenses 2,377,197 . 85 



Profit on operations before providing for depreciation of mills and equip- 



ment or for replanting of cane 8362,390.50 



Add: 



Interest (net) 881,140.68 



Rents (net) 25,155 .07 



8106,295.75 

 Less — ^liscellaneous (net) 30,907 .46 



75,388.29 



$437,778.79 



Deduct: 



Provision for bad debts 885,000.00 



Provision for depreciation and replanting of cane 246.715 .34 



331,715.34 



Profit for year 8106,063 .45 



GUAXTAXAMO RAILROAD C0:\1PAXY 

 B.'\L.\xcE Sheet, June 30, 1922 



ASSETS 

 Capit.vl Assets: 



Cost of road, land, buildings, rolling stock, equipment, etc 82,442,693 . 18 



Deduct — Reserves for depreciation 287,496 . 29 



82,155,196.89 

 WoRKixG Assets: 



Fuel (at cost) 810,368.07 



Material and supplies (at cost) 55,438 . 22 



Insurance unexpired 5,145.78 



70,952.07 



Current Assets: 



Accounts receivable, including claims, cash, etc 97,375.83 



82,323,524.79 



