|
Consolidated Balance Sheets
|
| |
| Bering
Straits Native Corporation and Subsidiaries |
| March
31, 2000 and 1999 |
|
-
|
|
|
|
|
-
|
|
2000
|
1999
|
| Assets |
|
-
|
|
|
|
| Current
Assets: |
|
|
| |
Cash
and cash equivalents |
$ 1,636,790
|
1,117,336
|
| |
Marketable
securities - trading (notes 3 and 4) |
8,272,232
|
5,098,296
|
| |
Marketable
securities - available for sale (notes 3 and 4) |
7,128,376
|
9,506,267
|
| |
Receivables |
|
|
| |
Current
installments of notes receivable |
2,086
|
3,870
|
| |
Trade
accounts |
548,350
|
509,770
|
| |
Income
taxes |
129,643
|
-
|
| |
Interest |
66,661
|
80,373
|
| |
Deferred
tax asset |
982,392
|
567,405
|
| |
Total
receivables |
1,729,132
|
1,161,418
|
|
-
|
|
|
|
| |
Inventories |
140,937
|
174,183
|
| |
Prepaid
expenses |
51,438
|
24,875
|
| ________________________________________________________________ |
|
-
|
|
|
|
| |
Total
current assets |
18,967,905
|
17,082,375
|
| |
|
|
| Property
and equipment, net (notes 5 and 6) |
11,039,764
|
10,782,462
|
| Other
assets |
115,418
|
142,576
|
|
_______________________________________________________________________
|
| |
Total
assets |
$
30,123,087
|
28,007,413
|
|
_______________________________________________________________________
|
| Liabilities
and Shareholders' Equity |
|
|
|
-
|
|
|
|
| Current
liabilities |
|
|
| |
Current
installments of long-term debt (note 7) |
$
224, 229
|
172,478
|
| |
Accounts
payable and accrued expenses |
675,557
|
779,353
|
| |
Deferred
revenue |
94,908
|
75,386
|
| |
Deposits
held |
45,087
|
45,578
|
| |
Current
deferred tax liabilities (note 10) |
1,197,091
|
803,971
|
|
_______________________________________________________________________
|
| |
Total
current liabilities |
2,236,863
|
1,876,766
|
|
-
|
|
|
|
| Long-term
debt, less current installments (note 7) |
2,240,639
|
1,637,857
|
| Long-term
deferred tax liabilities (note 10) |
137,429
|
138,907
|
| Minority
interest |
223,606
|
211,495
|
|
_______________________________________________________________________
|
| |
Total
liabilities |
4,838,537
|
3,865,025
|
|
_______________________________________________________________________
|
| Shareholders'
equity: |
|
|
| |
Capital
stock (note 8) |
35,691,556
|
36,008,207
|
| |
Deficit,
inception to January 23, 1989 |
(27,106,104)
|
(27,106,104)
|
| |
Retained
earnings subsequent to reorganization |
15,726,278
|
14,134,893
|
| |
Accumulated
other comprehensive income - unrealized gains on marketable securities,
net (note 11) |
15,726,287
|
14,134,893
|
|
_______________________________________________________________________
|
| |
Total
shareholders' equity |
25,284,550
|
36,008,207
|
|
_______________________________________________________________________
|
| Commitments
and contingencies (note 9, 10, and 12) |
|
|
| |
Total
liabilities and shareholders' equity |
$
30,123,087 |
28,007,4113 |
|
-
|
|
|
|
| See
accompanying notes to consolidated financial statements |
|
|
|
