Allowance for doubtful

Cash Accounts receivable accounts

1) 2) 9)
1,396,000 500,000 5,780,000 85,000 97,000 166,000
1) 6) 9) 10)
500,000 55,000 97,000 112,860
2) 7)
85,000 3,250 5,780,000 182,000 97,000 278,860
3)
15,000 5,598,000 181,860
4)
123,000
8)
12,500
2,131,500 558,250
1,573,250

Spare parts Prepayments Interest receivable

12) 15) 11)
7,280,000 85,700 600,000 150,000 34,667
21)
99,000 450,000
7,379,000 85,700
7,293,300

Leasehold Improvements Aircrafts Delivery equipment

16) 13) 18)
780,000 28,750,000 1,300,000 2,600,000 175,000
19)
700,000 2,425,000
29,450,000 1,300,000
28,150,000

Accumulated
depreciation Other assets Accounts payable
13) 3) 20)
1,300,000 7,280,000 1,350,000 15,000 1,000,000 7,058,000
18) 14) 21)
190,000 99,900 1,335,000 99,000
17)
19,500 1,000,000 7,157,000
1,490,000 7,399,400 6,157,000
5,969,400

Accrued expenses Interest Payable Income tax payable

24)
249,000 350,000 1,589,000
22)
81,540
330,540

Dividends payable Other liabilitiies Notes payable - current

26) 19)
2,400,000 1,754,000 300,000
5)
22,500
20)
1,000,000
 2,776,500

Notes payable - long Discount on notes Discount on bonds

term payable payable
19) 19) 23)
600,000 200,000 900,000

Revenues Depreciation Parts and accessories

5) 42,800,00
23,000 0 4,280,000 2,980,000
6) 4) 14) 12)
55,000 123,000 99,900 85,700
42,923,00
78,000 0 4,349,900 3,065,700
42,845,000

Pilots salaries Operating expenses Other income

16)
3,250,000 7,480,000 780,000 720,000
22) 10) 5)
34,250 112,860 500
15) 8)
3,284,250 150,000 12,500
17) 11)
19,500 34,667
22) 18)
47,020 15,000
7,729,380 780,000 782,667
7,029,380

Appropriated for
Other charges Provisions for income tax contingencies
23)
1,350,000 900,000 1,589,000 836,000
7) 27)
3,250 309,721 176,310
24)
350,000 1,012,310
1,703,250 900,000
803,250

Paid up capital Accumulated surplus

20,000,00 25)
0 4,000,000 6,650,000
25) 26)
4,000,000 2,400,000 3,526,371
24,000,00 27)
0 176,310

10,176,37
6,576,310 1
3,600,061