32 THE CUB A RE VI EW 



Condensed Profit and Loss Account for the Year Ended December 31, 1922 



Railway Light and Power 

 Department Department Total 



Gross Earnings from Operation $5,756,438.47 $7,154,268.70 $12,910,707.17 1 



Operating Expenses 3,689,592.87 2,262,856.15 5,952,449.02] 



$2,066,845.60 $4,891,412.55 $6,958,258.15 



Dediict: 



Taxes, U.S. A $20,746.04 $28,000.00 $48,746.04 



Taxes, Cuba 33,400.00 271,000.00 304,400.00 



Trigo Annuities 3,373.04 3,373.04 



Interest 616,188.05 470,819.49 1,087,007.54 



$673,707.13 $769,819.49 $1,443,526.62 



1,393,138.47 $4,121,593.06 $5,514,731.53 



Deduct: 



Reserve for Depreciation $589,370.21 $1,710,629.79 $2,300,000.00 



Reser\'e for Contingencies 153,748.75 446,251.25 600,000.00 



$743,118.96 $2,156,881.04 $2,900,000.00 



$650,019.51 $1,964,712.02 $2,614,731.53 



Add: 



Interest on Deposits $88,122.13 



Income from Securities 18,554.08 



Rents 38,190.20 



Other Miscellaneous Income 44,186.46 



$189,052.87 



$2,803,784.40 

 Deduct: 



Miscellaneous Accounts written off, net $120,467.05 



Amortization of Discount and Expenses on Funded Debt 130,556.24 



Provision for Sinking Fund of Thirty-seven- Year English 5% 

 Mortgage Bonds of Compania de Gas y Electricidad de la 

 Habana 15,949.99 



Provision for Sinking Fund of Consolidated Mortgage 5% Gold 



Bonds of Havana Electric Railway Company 131,666.00 



Provision for Sinking Fund of General Mortgage 5% Sinking Fund 

 Gold Bonds of Havana Electric Railway, Light & Power 

 Company 135,513.54 



Premium on redemption of Five- Year 7% Secured Convertible 



Gold Notes, dated September 1, 1921 33,750.00 567,902.82 



Net Profit for the Year, carried to Surplus Account $2,235,881.58 



Schedule of Funded Debt, December 31, 1922 



Consolidated Mortgage 5% Gold Bonds of Havana Electric Railway 



Company, dated February 1, 1902, due February 1, 1952 $8,514,111.09 



Less: In Treasury 444,941.09 $8,069,170.00 



6% General Consolidated Obligations of Compania de Gas y Electricidad de la 



Habana, called for redemption on June 15, 1917 5,300.00 



Fifty- Year 6% Mortgage Bonds of Compania de Gas y Electricidad 



de la Habana, dated 1904, due 1954 $3,998,000.00 



Less: In Treasury 96.00 3.997.904.00 



