1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
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' 1 1.41.1 ON 4 L OVERLAP /I LP-404 404-RP RP .1 ON 62<br />
1967 CORPORATION<br />
SOURCE BOOK OF STATISTICS OF INCOME<br />
ACTIVE CORPORATION INCOME TAX RETURNS, JULY 1967 JUNE 1968<br />
BALANCE SHEET, INCOME STATEMENT, TAX, AND INVESTMENT CREDIT ITEMS. BY INDUSTRY GROUP AND BY SIZE<br />
RETURNS WITH AND WITHOUT NET INCOME<br />
ITEM<br />
OF TOTAL ASSETS<br />
' 215<br />
MINOR INDUSTRY 3870 40<br />
MFG.: SCIENTIFIC INSTRUMENTS, PHOTO. EQUIPMENT, WATCHES<br />
(SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS) AND CLOCKS: Watches and clock. f<br />
SIZE OF TOTAL ASSETS<br />
OVER ZERO 50 100 250 500 1,000 5,000 10,000 25.000 50,000 100.000<br />
TOTAL. ZERO UNDER UNDER UNDER UNDER UNDER UNDER UNDER UNDER UNDER UNDER UNDER 250.000 C<br />
ASSETS 50 100 250 500 1,000 5,000 10,000 25,000 50,000 100,000 250.000 OR MORE<br />
NUMBER OF RETURNS WITH AND WITHOUT NET INCOME<br />
4 TOTAL 80 . - 2 33* 16* 16* 6<br />
4 2 WITH NET INCOME 59 . 2 16* 16* 13* 6<br />
3 WITHOUT NET INCOME 21* . - . 17* . 3*<br />
4 FORM 1120-S - . . . . - -<br />
-<br />
•<br />
S TOTAL ASSETS 488598<br />
6 CASH 17975<br />
7 NOTES AND ACCOUNTS RECEIVABLE 152155<br />
8 LESS. ALLOWANCE FOR BAD DEBTS 3340<br />
9 INVENTORIES 189301<br />
INVESTMENTS IN GOVT. °BUGS<br />
10 UNITED STATES 110<br />
11 STATE AND LOCAL<br />
12 OTHER CURRENT ASSETS 3932<br />
13 LOANS TO STOCKHOLDERS (5)<br />
14 MORTGAGE AND REAL ESTATE LOANS ■<br />
15 OTHER INVESTMENTS 36293<br />
16 DEPRECIABLE ASSETS 130401<br />
17 LESS) ACCUM DEPRECIATION 62312<br />
18 DEPLETABLE ASSETS<br />
19 LESS, ACCUM DEPLETION .<br />
20 LAND 3052<br />
21 INTANGIBLE ASSETS (AMORTIZABLE) 129*<br />
22 LESS: ACCUM AMORTIZATION 39<br />
23 OTHER ASSETS 20941<br />
2 1<br />
1 3 1<br />
0<br />
- - 263 9656* 10033* 25792* 49971 17524 53390 208097 113872 .<br />
- . 3 885* 164* 186* 2570 1430 1560 6189 4988<br />
- 96 1147* 5492* 10292* 16328 4251 17048 57529 39972 - $<br />
- . 5 . • 237* 231 . 1196 907 764 .<br />
. - 101 4147* 3771* 10594* 21389 7701 25381 69672 46545<br />
- - - - - ■ 70 40 ■ - ■<br />
. ■ ■ ■<br />
.<br />
■ - ■ . .<br />
4 230* 33* 137* 51 426 486 1894 671<br />
. (51 - ■ 0. -<br />
.<br />
- -<br />
■ . . ■ - - .<br />
13 . 262* 3496* 808 111 1933 26161 3509<br />
101 5640* 639* 2343* 10402 5527 8667 80004 17078<br />
51 2409* 377* 1697* 2162 2076 3812 41350 8378<br />
- . - - - -<br />
, -<br />
. ■ . . 5* .. 97 81 2042 827<br />
.. .. .. 32* 1 47 49<br />
. . - 3* ' (5) - 11 25<br />
1<br />
S<br />
16* 49* 644* 745 17 3206 6839 9424<br />
24 TOTAL LIABILITIES 488598 263 9656* 10033* 25792* 49971 17524 53390 208097 113872<br />
25 ACCOUNTS PAYABLE 59 5 92118 -<br />
5180* 1179* 9008* 3162 2266 4439 27716<br />
26 MORT.. NOTES. BONDS UNDER 1 YR<br />
6524<br />
68017<br />
10 2295* 4951* 3698* 3576 500 9344 15097 28546<br />
27 OTHER CURRENT LIABILITIES 28017<br />
0<br />
- 18 409* 164* 731* 4142 1938 3540 11619<br />
•<br />
5456<br />
28 LOANS FROM STOCKHOLDERS 1195* . (5) 131* 1038* 26 -<br />
29 MORT.. NOTES, BONDS OVER 1 YR<br />
-<br />
88722 28 - 525* 4624* 14367 . 8886 37598 22694<br />
30 OTHER LIABILITIES 11096<br />
0<br />
. 1 2* 146* 83 2728 2430 2307 3399<br />
31 CAPITAL STOCK 59241 35 1655* 3312* 6174* 14886 2000 • 5302 15237 10640<br />
O 32 PAID-IN OR CAPITAL SURPLUS 34376 ■ - - (5)* 516* ■ - 11033 19918<br />
33 RETAINED EANNINGS. APPROP<br />
2909<br />
7268 - . ■ ■ . . - 2356 4707 205<br />
34 RETAINED EARNINGS. UNAPPROP 135453 53 -16* .98* 123* 9729 8092 6150 77647<br />
O<br />
33773<br />
35 LESS. COST OF TREASURY STOCK 4379 - - - 266* - 90 3749 274<br />
36 TOTAL RECEIPTS 761865 • '0 - 726 2401e* 16132* 29047* 78068 27898 75735 381314 128927<br />
• 37 BUSINESS RECEIPTS 752334 ■ . . 725 23886* 16132* 28899* 77385 27770 75174<br />
INTEREST ON GOVT. OBLIGATIONS)<br />
375054 127329 8<br />
38 UNITED STATES 70 - . ■ ■ .. 2 -<br />
0 39 STATE AND LOCAL -<br />
67 1<br />
. ■ . -<br />
■<br />
40 OTHER INTEREST<br />
. .<br />
1352 1 (51* - 26*<br />
41<br />
46 7<br />
RENTS<br />
54 991 227<br />
209 .<br />
w . .<br />
4 42 ROYALTIES<br />
3* 27 (5) 18<br />
667<br />
161<br />
- ■ 11* -<br />
43 NET S-i CAP GAIN LESS L-T LOSS.<br />
44 3 609<br />
347 . B<br />
. . ■ - .<br />
44 NET L-T CAP GAIN LESS S-T LOSS,<br />
347 -<br />
-<br />
772 ■ . ■<br />
1<br />
.<br />
45 NET GAIN, NONCAPITAL ASSETS<br />
62 - 63 646 1<br />
152* . -<br />
■<br />
46<br />
. 35*<br />
DIVIDENDS. DOMESTIC CORPS<br />
5 (5) -<br />
56<br />
109<br />
•<br />
3<br />
(5) . . .<br />
0<br />
47 DIVIDENDS. FOREIGN CORPS<br />
1 (5) -<br />
57<br />
55 -<br />
- -<br />
5 48 OTHER RECEIPTS<br />
- 18 39<br />
5849 -<br />
(5) 132* 73* 562 75 '58 3583 1366 •<br />
49 TOTAL DEDUCTIONS 700548 . . 726<br />
A<br />
24559* 15804* 28782* 67388<br />
50 COST OF SALES AND OPERATIONS<br />
26671 75131 340533 120954<br />
533451 - 480<br />
51<br />
17312* 11673* 21708*<br />
COMPENSATION OF OFFICERS<br />
49036 22568 54089 265314<br />
6315<br />
91271<br />
-<br />
e<br />
66 525*<br />
52<br />
689*<br />
REPAIRS<br />
551* 1115 291 901 1828 349<br />
5196 - - 1 .. 16* 24*<br />
4 53 SAO OUTS<br />
16 669 245 4225<br />
1401 ■ . - 262*<br />
54<br />
148* 132*<br />
RENT PAID ON BUSINESS PROPERTY,<br />
68 178 424<br />
5361<br />
189 11<br />
- - - 19 394* 82*<br />
55<br />
218* 736<br />
TAXES PAID<br />
188 520 2880 324<br />
14636 .<br />
.<br />
- - 11 2279* 115*<br />
56<br />
335* 1438<br />
INTEREST PAID<br />
766 976 5482 3234 .<br />
11256 ■ - - 2 197*<br />
57<br />
639* 629*<br />
CONTRIBUTIONS OR GIFTS<br />
1367 178 1524 3718<br />
1153 - -<br />
3002<br />
- - - (51* 11* 365 1 - .<br />
58 AMORTIZATION 527 249<br />
43 . . (51* ■<br />
if 59 DEPRECIATION<br />
(5) 24 2 - 17<br />
9613<br />
.<br />
60 DEPLETION .<br />
■ . . - . 10 508* . 66* 153* 1125 437 450 5776 1088 41<br />
ADVERTISING 36758 . ■ . . .<br />
- - 15<br />
62<br />
672* 197* 808* 4167 271 2838 19303 3487<br />
61<br />
PENSION. PROF SH.IANNUITY PLANS 4291 - - 16 - •<br />
63<br />
13*<br />
OTHER EMPLOYEE BENEFIT PLANS<br />
602 308 166 ' 318G 8<br />
1110 . 4 ■ 16* 78*<br />
64 NET L033, NONCAPITAL ASSETS<br />
115 897 -.<br />
. . . . . -. . . . .<br />
-<br />
65 .OTHER DEDUCTIONS 09964 . . 102 2410* 2163* 4122* 7353 970 13127 26973 12744<br />
66 TOTAL RECEIPTS LESS DEDUCTIONS 61317 ■<br />
(<br />
. - ■ -541*<br />
67 CONSTR TAX INC FM REL FOR CORP(1)<br />
328* 265* 10680 1227 604 40781 7973<br />
■ - . . . . . . . . . .<br />
■<br />
68 NET INCOME (LESS DEFICIT)(2) .<br />
01317 . . (5) .541* 328*<br />
69 NET INCOME<br />
265* 10600 1227 604 40781<br />
62793<br />
7973<br />
'a<br />
(I<br />
(5) 49*<br />
70 DEFICIT<br />
328* 491* 10680 1227<br />
1476*<br />
1264 40781 7973 .<br />
■ . 590* - 226* ■<br />
RETURNS OTHER THAN FORM 1120.51<br />
- 660 - 1<br />
71 NET INCOME (LESS DEFICIT) 61317 - - - (5) -541*<br />
72<br />
328*<br />
STATUTORY SPECIAL DEDS.. TOTAL<br />
265* 10680 1227 604 40781<br />
1639 - . .<br />
7973<br />
15) ■ 328* . 1 (5) 1264 46 ■<br />
73 NET OPERATING LOSS CARRYFRD 1592* - . . 0<br />
■ 328* - -<br />
74<br />
-<br />
DIVIDENDS RECEIVED DEDUCTION<br />
1264<br />
47 - - - (5) ■ ■ ■<br />
75<br />
1<br />
DED FOR DIV PD. PUB UTIL STK<br />
(5) - 46<br />
.<br />
■<br />
• ■ ■<br />
76 WESTERN HEMISPHERE TRADE DED - .<br />
-<br />
■ . . . . ..<br />
•<br />
■ .<br />
77 INCOME SUBJECT TO TAX<br />
- -<br />
61154<br />
-<br />
. (51 49* ■ 491*<br />
78 INCOME TAX (BEE CREDITS), TOT(31<br />
10680 1227 - 40734<br />
29295<br />
7973<br />
(51 16* -<br />
79 SURCHARGE<br />
174* 5212 582 -<br />
247 . 19396 3915 •<br />
■ ■ 3* 139 - -<br />
80 TAX RECOMP PRIOR YEAR INV. CR<br />
10 95<br />
2 ■ - ■ . ■<br />
(0 81 FOREIGN TAX CREDIT<br />
. . 2<br />
559<br />
.<br />
. . . ..<br />
■ ■<br />
82 INVESTMENT CREDIT . 19 - 340<br />
311 -<br />
200 .<br />
. . 3*<br />
5<br />
83 NET INCOME(LESS DEF) AFTER TAX(4)<br />
32 32<br />
32333<br />
- 164 80<br />
- (5) .557* 328* 94* ' 5500<br />
84 NET INCOME AFTER TAX<br />
677 604 21549<br />
33809 -<br />
4138<br />
(5)<br />
85 ESTIMATED TAX PAYMENTS<br />
33* 328* 320*<br />
19775<br />
5500 677 1264 21549 4138 0<br />
■ - .. ■<br />
86 FORM 1120-S NET INCOME (LESS DEF)<br />
... 3456 677 - 13142 2500<br />
■ . . .<br />
■ . . -<br />
DISTRIBUTIONS TO STOCKHOLDERS) -<br />
87 CASH a PROP EXCEPT OWN STOCK 5213 ■ ■ .<br />
88 CORPORATION'S OWN STOCK<br />
3* 172 -<br />
946 - .<br />
182<br />
.<br />
3396 1460<br />
.<br />
SELECTED INVESTMENT ITEMS1<br />
- - 946<br />
89 COST OF PROP. USED FOR INV. CR . 7723 - . 1<br />
I<br />
90 INVESTMENT QUALIFIED FOR<br />
137* 820 691<br />
CREDIT<br />
1114<br />
5426 -<br />
3628 1332<br />
1 .<br />
(5 91 TENTATIVE INVESTMENT CREDIT<br />
119* 426<br />
379<br />
.<br />
459<br />
. (5)<br />
931 2342<br />
.<br />
1148 .<br />
92 INVESTMENT CREDIT CARRYFORWARD<br />
6* 32 32<br />
11* .<br />
65 164<br />
.<br />
80 .<br />
.<br />
$<br />
93 UNUSED INVESTMENT CREDIT<br />
- 11* . . .<br />
■ ■ .<br />
IV . . (5) .<br />
- 14* ■ . 05<br />
-<br />
■<br />
FOOTNOTES AT BEGINNING AND - END OF FILM<br />
U. So TREASURY DEPARTMENT ■ INTERNAL REVENUE SERVICE<br />
0