New York City Omnibus Corporation

Office of the President

605 West 132iid Street

New York 27, N. Y.

April 14, 1953

To THE Stockholders:

The Balance Sheet of this Corporation al December 31,1952 and statements of the Corporation's Income
and Surplus for the year ended Decemher 31, 1952, as certified by Messrs. Arthur Andersen & Co., are
appended hereto on pages 8, 9, 10 and 11.

The results of the year's Operations may be summarized as follows:

Gross Revenues from Operation, including 898,720 Interest on Securities

Owned, etc...............................................   §24,260.514

Which Gross Revenues were disposed of as follows:

Goods and Services Purchased from others, etc..................   S 3,347,041

Motor Coaches, Buildings, etc., wearing out

(Depreciation and Obsolescence)........................       1,597,291

For Injury and Damage Claims..............................       1,379,098

Taxes (Federal, State and Municipal)........................       4,387,859

Total  ...............................................   §10,711.289

Balance remaining before Wages............................... . . .   813,549,225

Wages ......................................................     12,298,437

Net Income........................................   $ 1,250,788

DISTRIBUTION  OF 1952   GR055   REVENUE   DOLLAR

INJURY AND    DAMAGt    CLAIMS-5.68'^------------^-----------------------------------■                   j---------—-------------------------------------------------   FEDERAL   TAU5     5.91*

1                 /                 .----------------------------------------------------  5TATE    TAXE.5     4.94'

i.      .,-^'-—T-JL           /                            ^■~---------—MUNICIPAL    lAXEi      7.24*

MOTOR   C0ACHE5, BUILDING5,ETC..l                .             _.,---                 V'^                      ^~>^ /                        /                                                                                        ,-   __*

WEARING   OUT.                          6.58-------'                    y^     \           I           /     \                  /                                                                 ™TAl    18.09*

(DEPRECIATION AND OBSOLESCENCE))                                        /\             ,

600D5AND SERVICES   PURCHAS ED-13.80-----------—*■/                   -^     \     1    /   /                 \                                    —--------------f^'^ T    INCOME-5.16

Mi.
 

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