32 PANAMA RAIL ROAD COMPANY







 TABLE No. 11

COMPARATIVE STATEMENT OF OPERATIONS OF THE COMMISSARY DIVISION
 FOR THE FISCAL YEARS ENDED JUNE 30, 1933 AND 1932


 PROFIT AND LOSS


SALES:
 U. S. Government ...............................
 Panama Canal .................................
 Panama Rail Road ..........................
 Individuals and Companies...................
 Commercial Steamships..........................
 Coupons, Paid Orders, etc........................
 Gross Revenue from Sales .................
 Less Discounts and Refunds ................

 Net Revenue from Sales ..................

 Inventory Beginning of Period.............
 Merchandise Purchased for Sale............
 Merchandise Purchased for Manufacture.

 Total...............................
 Inventory, End of Period ................

 Value of Sales and Services...............

EXPENSES:
 Labor (Productive Only).........................
 Gold .......................................
 Silver . . . . . . . .
 Gratuity.......................................
 Supplies from Stock .............................
 Supplies from Panama Canal.....................
 Services from Panama Canal .....................
 Delivery Service (Truck, Tug, and Launch) .........
 Freight Transportation...........................
 Power a nd Light ...............................
 Water .........................
 Telephone, Radios, Cablegrams....................
 Refrigeration and Ice ...........................
 Hospitalization of Employees .....................
 Accounting Expenses............................
 Administrative Expenses -............
 Purchasing (Offices U.S.A.) ......................
 Depreciation . . . . . . .
 Repairs .. . .j.. . . . . . .
 Loss and Damage.............................
 St6ck Losses...................................
 Other Expenses .. . . . . . .

 Total Expenses..........................

 Cost of Sales and Services........................

 Net Results-Profit ...................
 Less Buildings Written off to Profitand Loss .
 Net Result-Profit.......................


1933 1 1932


 $964,376 75 562,851 24 180,451 53 493,475 57 294,416 69 5,107,704 11
$7,603,275 89
 289,895 05

$7,313,380 84

$1,141,374 51 3,386,179 90 1,382,314 81

$5,909,869 22 1,056,129 92

$4,853,739 30



 $354,876 84 544,194 60 56,780 28 57,291 53 34,678 27 15,681 48
 129,215 73 133,290 54
 31,578 72 5,754 09 11,912 01 165,570 17 24,780 04 144,750 16 16,380 00 54,000 00
 120,535 96
 93,972 53 82,514 64 23,001 88 60,629 51
$2,161,408 98

$7,015,148 28

 $298,232 56 73,355 98

 $224,876 58


$1,069,871 40
 626,585 66 236,825 73 527,791 93 458,943 30 5,768,104 96

$8,688,122 98
 340,896 65

$8,347,226 33

$1,394,111 34 3,820,311 04 1,575,283 77

$6,789,706 15 1,141,374 51

$5,648,331 64



 $385,560 21 613,385 76
 61,689 71 70,437 06 39,501 84 14,529 67 140,757 17 132,694 19
 38,130 70
 6,997 09 12,850 96
 184,490 97 26,189 00 151,743 03
 16,380 00 60,000 00 121,336 67 92,212 23 123,006 48 12,297 79 63,992 81

$2,368,183 34

$8,016,514 98

$330,711 35

$330,711 35