- 113 -
1981 1982
IRA Cedilla Co. IRA Cedilla Co.
Income
Dividends $2,306 -- $333,611 –-
Interest 673,674 1,747 354,531 7,587
Gross rents 2,484,330 8,550 2,437,715 4,828
Capital gain 304,883 -- -- --
Partnerships 725,964 -- (483,219) --
Commissions 205,275 62,585 325,000 112,958
Parking income -- 823 -- --
Management fees -- 2,375 5,832 --
Other fees 156,250 -- 447,450 --
Miscellaneous 91 -- 1,514 478
Total 4,552,773 76,080 3,422,434 125,851
Deductions
Compensation--officers –- 26,300 -- --
Directors fees 12,500 -- -- --
Salaries/wages 9,969 9,361 26,079 9,231
Bad debts 395,600 -- 162,200 –-
Interest 2,164,579 -- 1,872,881 32
Depreciation 2,561,361 5,047 1,610,457 5,047
Consulting fees -- -- 29,000 --
Commissions 115,400 -- -- 66,776
Other 85,284 30,678 58,580 34,764
Total 5,344,693 71,386 3,759,197 115,850
Net Income (791,920) 4,694 (336,763) 10,001
NOL –- –- (793,880) --
Special deductions (1,960) -- (322,569) –-
Taxable income (793,880) 4,694 (1,453,212) 10,001
Assets
Cash 28,671 1,885 57,110 104
Money market 107,379 8,684 43,885 14,065
Receivables
Notes & accounts 2,429,224 -- 2,256,783 --
Rents 3,570 -- -- --
Loans
Stockholders 366,350 -- 340,930 --
Others 3,066,284 26,860 3,002,131 37,600
Securities
Short term 1,030,000 -- 1,460,000 --
Marketable 405,293 -- 492,663 --
Nonmarketable 200,700 -- 312,700 --
Investment in sub. 236,024 -- 268,924 --
Investment in pship.2,607,473 -- 2,149,204 --
Depreciable assets 12,478,152 24,550 10,270,651 24,550
Less accumulated dep. (5,315,286) (7,341) (6,000,765) (12,388)
Other -- 447 1,190 1,380
Total 17,643,834 55,085 14,655,406 65,311
Liabilities
Short term notes 585,000 9,600 1,038,099 9,600
Long term notes 13,754,966 -- 11,259,516 --
Loan from stockholder 262,400 -- 2,400 --
Deferred gain 2,311,689 -- 2,147,594 --
Other -- 693 914 981
Total 16,914,055 10,293 14,448,523 10,581
Net assets 729,779 44,792 206,883 54,730
Page: Previous 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 NextLast modified: May 25, 2011