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 '
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