28 - *- PANAMA RAIL ROAD COMPANY.

EXHIBIT A.

Income ACCOUNT AND PROFIT AND LOSS ACCOONE FOR THE YEAR ENDING
JUNE 30, 1922.

 

 

IncomME ACCOUNT
Ram Roap—
Gross Income from Operations. ....... eee rae a ee I $3,182,660 10

& Operating WXpenses sss ee ces ee eh een ea ee 2,741,829 97
Net Rieventie- trom Operations... . se ne res es Ser $440,830 13
S7THAMSHIP—
Gross Income frOMTOHEraAtlONS «a ee ee ee Sahes sete $2,723,985 58
Operating WxXpenses ses ee we ee ee ae ee 3,443,490 39
Net Deficit from Operations............0+++eeeeeeee ae *719,504 81
2 Total Net Deficit from Operations'....... Soe Se cee ; : *$278,674 68
App INCOME FROM— : ae ;
Interest and Exchange . Garage So nig Oa eee St cain $151,973 16
DET tah isos a ae gl in ae ae eee I een epee 108,950 O1
Result Hog Operations aceon es we see 3,891 23 264,814 40
Tacs . $13,860 28
Results@oal-Operations: =. 6 4 6 Sk a »..| $424,112 56
Result Cattle Operations......: echo ee ay ees ease, Pongo nt es ayers ates 359,425 09
Result Roultry. Operations co. ce aos Gee oe a ee ns es 5,728 98
Resulte airy: Operations. <a oct ce ee ee ae oes 9,818 46
Result Commissary Operations <=. <5. 3. oe tw es oe es 241,992 35
Wiscellancous: Operations ciceisc os oar een ay ee 210,475 67
- United States Government Capital Stock Tax SOS ae ee Oe 32,221.00 1,283,774 11
| Net Deficit for Twelve Wonths 22 fee ee ee $1,297,634 39
*Deficit.

Net deficit for year includes:
~ Reduction in Inventory Values of Stock, Commis-
Sany. Coal: Cattle Industries... 2 =. os s.< cs 5 cee $552,375 40
Accrued Depreciation Charged to Operations..... 1,098,028 77

$1,645,404 17

4

PRorit AND Loss AccoUNT

ay Balance to Credit Profit and Goss June 30, 1921 ~...... eee $26,895,345 43
: Overestimation of Revenue Derived from Carriage Huropean Continental Mails,
Charged to Surplus in 1918, Reduced by Remittance from British Post-

Master General 25 es ee oe a ees 2,399. 96
-Repairs to Cristobal Warehouse Charged to Operations in 1915, Reversed to
sDebit-Acctued: Depreciation: ce a 2,279 43
‘Expenses on Account Damage to §.8. “‘Achilles’’? by grounding McCries Shoal,
_July, 1918, Charged Surplus Prior: ear; Now-Adjusted =... ah eae 410 49
$26, 900, 435 31
Luss—
Loss on Property Written Out of Capital Account Because of Sale
es OL PAD ANGON MEM Ga 25 coopera ec ee ec oe ese $112,403 23
Increased Rental Pier 67, North River, for Period Prior to June
SOR TOD ee Ae eae aoe 6 Se aa EEE EI RL 19,049 99
Utilities Services Rendered by U.S. ‘Army at Pier 1, ‘Hoboken,
Chargeable to Operations Prior Fiscal Period.............. 16,808 05
'- Repair and Expense Items Affecting Operations in Prior Fiscal
2 CPL OG ie ie ee Ne ee NG RE OE ees eco eee ee 12,550 73
cs Damage to Pier 46, North River, by 8.S. ‘“‘Allianca’”’ in January,
TODO Re ea eee ie See ee RN REN eS San eae Rese es - 4,403 02
Adjustment Salaries Employes for Prior Fiscal Period.......... 2,586 65
-Unsettled Balances Freight Accounts Against U. S. Government Se
f= Prior.to OO Written Of sea eee ters onan ences 1,513 59
Expenses Collision Steamers ‘“‘Advance”’ and “Prinz Frederick,”
Porta erincebaiti Via, i O2 lars sey pies oe ci eins soon eens E6279
Miscellaneous btemss 4 ee ee a 1,020 75
Deficit from Income Account for Year Ending J une 302192272. os 297, 634 39 1,468,497 59
By Balance to Credit Profit and Loss June 30, 1922............ $25,431,937 72

 

“e