28 THE CUB A REVIEW 



PROFIT AND LOSS ACCOUNT 



For the Year Ending September 30, 1921 



Gross sugar sales, less sea freight, commissions, etc $2,741,877.55 



Molasses sales 113,566.84 



-— ^ — $2,855,444.3? 



Deduct — Producing and manufacturing costs and shipping 

 expenses, including New York and Guantdnamo office 

 expenses 3,567,173. 1( 



Loss on operations before providing for depreciation of mills 



and equipment or for replanting of cane $711,728.7i 



Deduct: 



Interest (net) $105,279.48 



Rents (net) 25,433.29 



Miscellaneous (net) 31,881.28 



162,594.05 



Add: .$.549,134.72 



Provision for bad debts and liquidation of 1921 crop $60,000.00 



Provision for depreciation and replanting of cane 309,329.45 



369,329.45 



Loss for year $918,464.17 



BALANCE SHEET JUNE 30, 1921 



Capital Assets: Assets 



Cost of road, land, buildings, rolling stock, equipment, etc . . . $2,431,742.01 



Deduct: Reserves for depreciation 277,280.09 



$2,154,461.92 



Working Assets: 



Fuel $11,721.43 



Materials and supplies 64,614.49 



Insurance unexpired 6,870.09 



83,206.01 



Current Assets: 



Accounts receivable, including claims, cash, etc 140,633.04 



$2,378.300.97 

 Capital Stock: Liabilities " 



Authorized— 10,000 shares of $100 each $1,000,000.00 



Less — 11 shares unissued 1,100.00 



9,989 shares outstanding $998,900.00 



Gunntdnamo Sugar Company: 



*Notes / $888,198.23 



Advances 151,342.63 



1,039,540.86 



Current Liabilities: 



Loan, repayable in services $93,013.82 



Audited vouchers unpaid 19,534.14 



Miscellaneous accounts payable 23,951.13 



136,499.09 



Surplus: 



Balance at June 30, 1920 $202,304.45 



Add— Fro&t for year ending June 30, 1921 1.056.57 



203,361.02 



$2,378,300.97 

 *NoTE. — Sugar Company Balance as of September 30, 1921. Railroad Company Balance 

 as of June 30, 1921. 



Trade Through Boston 



Year Ending Year Ending 



Aug., 1921 Aug. 31, 1921 Aug., 1920 Aug. 31, 1920 



Imports from Cuba $1,525,627 $23,680,284 $9,611,510 $78,443,927 



Exports to Cuba 274,890 6,390,114 1,221,332 14,080,685 



