Annual report

([New York] :  New York Airways Inc.  )

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  3rd (1954): Page [No Page Number]  



ASSETS
 

Current assets:
 

Cash on hand and on deposit in banks................................................

United States Treasury Bills, at cost plus accrued interest
(maturity value, December 31, 1954 - $675,000;
December 31, 1953 - $550,000) ....................................................
 

Short-term Commercial Paper, at cost plus accrued interest

(maturity value - $725,000)  ................................................................

Note  receivable  ..........................................................................................................

Accounts receivable:

United States Government ...................................................................

Traffic  ......................................................................................................................
 

Other current receivables ...................._.............................

Materials and miscellaneous supplies, at cost
Prepaid insurance........................................................................

Total current assets ......

Investments and special funds:

Investments in and advances to subsidiary and
related service companies .......................................
 

Deposit under equipment purchase agreement .......
 

Operating property and equipment (stated at cost):

Flight equipment ..........................................................................................

Less — Reserve for depreciation (see Note 3)..
 

Ground property and equipment ...................................................

Less — Reserve for depreciation (see Note 3)...
 

Construction work in progress
 

NEW YORK

COMPARATIVE!
December 31, 1954 and|
 

December 3i, 1954    December 51, 1953
 

83,994.39 $    22,173.01

674,062.28   549,414.16

718,937.87       —
—        752.29

785,844.82

2,863.00

10,201.47

30,297.39

67,011.98

$1,785,548.72 $1,468,558.12
 

189,034.48
18,781.21
19,511.03
46,134.28
35,093.18
 

922.22
20,000.00
 

470.00
20.000.00
 

$  20,922.22 $  20,470.00
 

999,176.83
426,486.08
 

977,047.07
245,574.51
 

$ 572,690.75 $ 731,472.56
 

114,726.91
28,831.31

$  85,895.60
13,221.64
 

Operating property and equipment,

less reserves for depreciation..................   $   671,807.99

Deferred charges:

Extension and development costs (see Note 4) ....................................        120,003.88

Other deferred charges ...................................................................................................           23,033.24
 

89,460.32
14,834.85

$     74,625.47
4,031.18

$   810,129.21

173,338.86
12,259.98

$   143,037.12    $   185,598.84
 

Total assets .
 

$2,621,316.05    $2,484,756.17
 

See notes herewith relating to financial statements '
  3rd (1954): Page [No Page Number]