13
 

COMPARATIVE CONDENSED GENERAL BALANCE SHEET
 

LIABILITIES
 

Dec. 31, 1941
$562,332,642 40    Capital stock
 

Stock
 

Governmental grants
5,148,527 67    Grants in aid of construction
 

Dec. 31, 1942          Comparison

$562,332,642 40
 

$5,782,743 23          $365,784 44 Dec
 

Long term debt
Funded  debt  unmatured

$54,949,000 00        Equipment obligations                                                                                      $47,336,000 00       $7,613,000 00 Dec

509,576,000 00        Mortgage bonds                                                                                                 502,009,000 00        7,567,000 00 Dec

86,200,200 00        Collateral trust bonds                                                                                         61,090,200 00       25,110,000 00 Dec

5,500,000 00        Debenture bonds                                                                                                   5,500,000 00                         —

$656,225,200 00                                                                                                                               $615,935,200 00     $40,290,000 00 Dec

56,967,528 4l    Amounts payable to affiliated companies (Note D)                                               57,371,080 80           403,552 39 Inc

$713,192,728 41                        total long term debt                                                                  $673,306,280 80     $39,886,447 61 Dec

$1,281,673,898 48                        total capitalization                                                                  $1,241,421,666 43     $40,252,232 05 Dec

Current liabilities

$5,282,424 00    Traffic and car-service balances payable—Cr.                                                          $7,318,452 43       $2,036,028 43 Inc

25,824,615 48    Audited accounts and wages payable (Note E)                                                     21,452,466 05         4,372,149 43 Dec

1,943,676 21    Miscellaneous accounts payable                                                                                4,448,917 76         2,505,241 55 Inc

2,691,048 96    Interest matured unpaid                                                                                           2,718,220 61              27,171 65 Inc

149,821 67    Dividends matured unpaid                                                                                          154,582 84               4,761  17 Inc

5,499,014 87    Unmatured interest accrued                                                                                      5,376,224 53            122,790 34 Dec

—    Unmatured  dividends  declared                                                                                 6,447,393 95         6,447,393 95 Inc
2,913,692 93    Unmatured rents accrued                                                                                          2,931,096 28              17,403 35 Inc

23,242,401 00    Accrued tax liability                                                                                               54,418,556 61       31,176,155 61 Inc

6,766,969 15    Other current liabilities                                                                                            8,819,948 97         2,052,979 82 Inc

$74,313,664 27                        total current liabilities                                                             $114,085,860 03     $39,772,195 76 Inc

Deferred liabilities

$4,216,763 42    Liability to lessor companies for equipment                                                          $4,216,763 42                         —

35,302,256 09    Other deferred liabilities (Note F)                                                                         34,312,423 56          $989,832 53 Dec

$39,519,019 51                        total deferred liabilities                                                               $38,529,186 98          $989,832 53 Dec

Unadjusted credits

$139,212 66    Premium on funded debt                                                                                          $109,611 55           $29,601  11 Dec

6,081,368 10    Insurance and casualty reserves                                                                                5,897,284 96            184,083  14 Dec

2,429,051 70    Accrued depreciation—road                                                                                      5,027,800 31         2,598,748 61 Inc

—    Accrued amortization of defense projects—road                                                           79,057 54             79,057 54 Inc
203,730,283 78    Accrued depreciation—equipment                                                                         214,449,022  53       10,718,738 75 Inc

570,786 31    Accrued amortization of defense projects—equipment                                             7,034,477 21         6,463,690 90 Inc

3,476,599 12    Accrued depreciation—miscellaneous physical property                                           13,290,065  10         9,813,465 98 Inc

Other unadjusted credits

5,283,604 18        Accrued   depreciation—road—lessor  companies                                                    7,718,339 29         2,434,735  11 Inc

55,732,694 43        Accrued depreciation—equipment—lessor companies                                          67,107,342 98       11,374,648 55 Inc

24,794,966 61        Other (Note G)                                                                                                  33,989,361 44         9,194,394 83 Inc

$302,238,566 89                        total unadjusted credits                                                            $354,702,362 91     $52,463,796 02 Inc

Corporate surplus

$7,968,673 23    Additions to property through income and surplus                                                $7,962,799 05             $5,874  18 Dec

1,701,054 96    Miscellaneous fund reserves                                                                                     1,701,054 96                           __

174,468,421  11    Profit and loss—balance                                                                                        201,606,204 74       27,137,783 63 Inc

$184,138,149 30                       total corporate surplus                                                             $211,270,058 75     $27,131,909 45 Inc

$1,881,883,298 45                                                                                                                            $1,960,009,135  10     $78,125,836 65 Inc

Note F.—As of December 31, 1942, includes:

Amounts payable to New York State as the New York Central proportion of certain grade crossing eliminations.......      $27,648,707 92

Amounts due under railroad equipment lease agreements.......................................................         2,164,838 56

Note G.—As of December 31, 1942, includes:

Bills rendered and unpaid not credited to income but to be credited to Grand Central Terminal accounts upon collection. .         1,068.201 41

Accruals for injuries to persons and loss and damage—freight..................................................        10,534,636 05

York Central Railroad Company as guarantor or under leases or otherwise with respect to the securities or obligations of such companies.