Salt Lake Tribune | 1910-04-27 | Page 8 | Utah Copper Figures for 1908 and 1909

UTAH COPPER FIGURES . FOR 1908 AND 1909 'v to the present, nothing hut brief press dispatches have been obtainable out west In regard to the Utah Copper annual report, but now that the rcporls are seeping through, some interesting data is available not heretofore clearly given. The balance sheet as of December Decem-ber 31, 1909. is as follows: Assets. 1909. 190S. Cost of property acquired $ 5,972,901 S 5.971.139 Improvements .. .. 4,563.350 4.315,731 Prepaid expense ore 1,513,947 S.10.921 Ore held in reserve re-serve 5,091 5,214 Investments a t cost 1 10.000 110,000 Accounts receivable receiv-able 1U.15R 117.623 Supplies and fuel.. 3111, S69 289,271 Equity In copper In transit J.37t,374 1.275.574 Cast In banks 91.131 1S8.777 Supplies and fuel.. 311,859 2S9.271 Total ?H.0S3,S15 J13.liO.2Si Liabilities. Capital stock S 7.313,750 ? 7.259,500 First mortgagcg bonds 7.500 176,000 Treatment and ref. chgs. not yet duo SSI. -106 312.698 Amounts payable.. 15.190 37,402 Hospital fund 20.32S v 11,912 Nat. Bank of Com- x i mcrce. N. Y 197,964 Surplus (amount ree'd above par from sale of stock 3.1 r.!. 750 3.059.500 Undivided profits.. 2.943.627 2.253.272 Total ?11.0S3.S15 $13,140,284 - The accountants have prepared an analysis of the "undivided profits" item, shown above, as follows: Not profits year ended June 30, 1905 S194.9SS Net profits year ended June 30, 1906 210.643 Net profits year ended June 30. 1907 295,129 Not profits 18 months ended Dec. 31. 1908 2,102.153 Net profits year ended Dec. 31, 1909 2,160,090 Total net profits $5,293,004 Int. on bonds from June 30, 1905 151.102 Bonus paid on retirement 1st bond Issue 37.500 Dividends paid. 190S 696,387 Dividends paid. 1909 1.46I.3S7 Total deductions $2,349,377 Undivided profits Dec. 31. 1909. $2,943,026 Of this amount $1,562,695 is represented repre-sented In balance sheets as excess of fixed assets over liabilities and $1,380.-928 $1,380.-928 as excess of current assets over current cur-rent llabllllc?.