Statement No. 3-INCOME.—Continued.
Part II-Profit and Loss Account.
Previous Year
1
$
PL-5 Balance of the year
PL-6
2,089,485.64
2,089.485.641
(A)
Loss on property re-
tired PL-7 Delayed operating
debits
PL-8 Miscellaneous debits
Current Year Previous Year
1
2
$
9,546.50
2,089.485.64 PL-1 Balance of the year
PL-2 Profit on sale of assets
Current Year
2
$
2,932,607.26
PL-3 Delayed
credits
operating
PL-4 Miscellaneous credits
Total Balance
2,932,607.26
2,932,607.26
Total Balance
Total
2,923,060.76
2,932,607.26
2,089.485.64|
Total
Part III-Surplus Appropriation Account.
Previous Year
Current Year Previous Year
1
1
2
Current Year
2
$
$
$
S-4
(B) 6,735,070.33 S-5
Deficit for the year
Deficit from previous
years
2,089,485.64 S-1 Surplus for the year ..
2,923,060.76
6,735,070.33
Total
Surplus carried to
balance sheet
6.735.070.33
Total
4,645,584.691
4,645,584.69
4,645,584.69 2,089,485.64
(C) 4,645,584.69.
6,735,070.33
S-2 Surplus from previous
years
Total
2,923,060.76
Deficit carried to
balance sheet
1,722,523.93
Total
4,645,584.69
(A) Loss on one locomotive sold by Auction
estimated value
Actual amount realized by sale
Net Loss
$15,000.00 5,453.50
$ 9,546.50
(B) Deficit brought forward from 1939.
This defiict may have been greater during 1940 and 1941, but no records for these years are available.
(C) Deficit brought forward from 1939
Plus interest on Special Expenditure
up to 1939 34% on $3,367,205.48
Less Interest on Depre-
ciation Reserves for 1946/47, 31% on $57,900.89
Less net earnings for
1946/47
$9 2,026.53
2,205,311.30
$6,735,070.33
117,852.19
$6,852,922.52
2,207,337.83
$4,645,584.69