|
Consolidated Statement of Operations and Deficit
|
| Year
ended June 30, 1985 |
|
| |
|
|
|
Operating
Revenues: |
|
| |
Natural
Resources |
$ |
1,628,392 |
| |
Resource
revenues from other regional corporations |
412,064 |
| |
Rentals |
362,928 |
|
|
Interest
income |
115,052 |
|
|
Total
operating revenues |
2,518,436 |
|
- |
|
|
| Operating
Expenses |
1,760,014 |
| |
Operating
income |
758,422 |
|
- |
|
|
| Other
income (expense): |
|
| |
Interest
expense - third parties |
|
| |
Affiliated
village corporations |
$(1,802,278) |
| |
Third
parties |
(785,184) |
| |
Loss
on sale of common stock of a bank (Note 4) |
(174,707) |
| |
Gain
on sale of Fairbanks property |
81,000 |
| |
Discounts
on early collection of notes receivable |
(63,166) |
| |
Miscellaneous |
80,351 |
(2,673,984) |
|
- |
|
|
| |
Net
Loss |
1,915,562 |
|
- |
|
|
| Accumulated
deficit at July 1, 1984 |
(50,324,624) |
|
Prior
period adjustment (Note 11) |
(2,065,030) |
| |
|
| Accumulated
deficit, July 1, 1984, as adjusted |
48,277,594 |
|
- |
|
|
| Accumulated
deficit at June 30, 1985 |
$50,193,156 |
|
- |
|
|
| See
accompanying notes to consolidated financial statements. |
|
|
|
