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Golf Golf
Fiscal Operating Operating Golf
Yearend Revenue Cost of Sales Gross Income
1977 $433,052 $460,242 ($27,190)
1978 465,827 404,665 61,162
1979 461,287 500,717 (39,430)
1980 758,853 708,625 50,228
1981 1,263,595 1,101,881 161,714
1982 1,386,201 1,154,674 231,527
1983 1,813,201 1,446,022 367,179
1984 2,189,645 2,133,112 56,533
1985 2,419,178 2,279,223 139,955
1986 2,520,139 2,253,109 267,030
1987 3,131,939 2,535,181 596,758
1988 3,239,153 2,737,566 501,587
1989 3,149,241 2,885,885 263,356
Total 23,231,311 20,600,902 2,630,409
Ridgemark’s operating revenue, costs of sales, and gross income
for its real estate operations were:
Real Estate
Fiscal Operating Real Estate Real Estate
Yearend Revenue Cost of Sales Gross Income
1977 $1,015,183 $493,010 $522,173
1978 344,291 220,121 124,170
1979 257,506 169,666 87,840
1980 -0- -0- -0-
1981 -0- -0- -0-
1982 305,409 21,656 283,753
1983 363,350 107,592 255,758
1984 16,504 14,187 2,317
1985 1,043,797 273,270 770,527
1986 1,747,094 386,014 1,361,080
1987 2,194,609 432,086 1,762,523
1988 1,743,924 319,629 1,424,295
1989 1,502,664 307,855 1,194,809
Total 10,534,331 2,745,086 7,789,245
Ridgemark’s total gross operating revenue, cost of sales,
and gross income were $33,765,642, $23,345,988, and $10,419,654,
respectively, for the years between 1977 and 1989.
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