PANAMA RAIL ROAD COMPANY


19


 EXHIBIT B COMPARATIVE CONDENSED GENERAL BALANCE SHEET, JUNE 30, 1932 AND 1933 LIABILITIES


Capital Stock-70,000 shares of par value
 of $100.00...........................

CURRENT LIABILITIES.
 Dividend declared June 28, 1932 payable
 during fiscal year 1932-19830......... Accounts Payable ......... New York................ $334,483.61
 Isthmus................... 42,000.65

 Salaries and Wages Payable ..........* *
 New York................. $ 60.74
 Isthmus................... 116,547.43
 Balance due Connecting Carriers..
 Sundry Creditors......................

 Total Current Liabilities.............

DEFERRED CREDIT ITEMS:
 Commissary Coupon Book receipts ..
 Mileage Book receipts................
 Passenger Agents receipts............
 Items covering collections already made
 but not distributed to income up to
 June 30, 1933...........

 Total Deferred Credit Items..........

ACCRUED DEPRECIATION:
 For replacement of property and equipment as it becomes obsolete or worn out, as detailed in Table No. 5..
 Reserve set aside for extraordinary repairs and dredging of harbor terminals
 Operating reserves ..................

 Total Reserves ....................

























Profit and Loss Surplus ................

 Total............................


1933


1932


$7,000,000 001 $7,000,000 001


376,484 26 116,408 17



 8,154 14 15,005 51 $516,052 08


2,800,000 00 277,585 53



 136,193 06


COMPARISON


82,800,000 00 Dec.
 98,898 73 Inc.



 19,784 89 Dec.


5,603 97 2",550 17 Inc. 3,343 19 11,662 32 Inc.


$3,222,725 75


$2,706,673 67 Dec.


 $93,337 11 $107,278 42 $13,941 31 Dec.
 5,859 45 5,885 92 26 47 Dec.
 7,497 00 4,984 50 2,512 50 Inc.


 45,785 23 56,122 70 10,537 47 Dec. $152,478 79 $174,271 54 $21,792 75 Dec.




 $8,536,027 82 $8,098,936 82 $437,091 00 Inc.

 100,000 00 100,000 00 
 13,929 28 15,707 80 1,778 52 Dec. $8,649,957 10 $8,214,644 62 $435,312 48 Inc.


$36,625,906 19 $35,756,725 66 $52,944,394 16 $54,368,367 57


 $869,180 53 Inc. $1,423,973 41 Dec.