utah international inc and subsidiaries assets consolidated balance sheet — october 31 1971 1970 current assets cash marketable securities at cost which approximates market . accounts and notes receivable current portion of long-term receivables inventories at the lower of average cost or market prepaid expenses total current assets investments affiliated companies note 1 equity in joint ventures and limited partnership land and real estate at cost — real estate held for development and sale land and improved real estate held for investment less accumulated depreciation of 3.3 million in 1971 and 3.0 million in 1970 long-term receivables net of current portion loans for construction of railroad and power facilities other equipment and facilities at cost mining lands leases and development costs mining equipment and facilities mining facilities under construction and pre-mine development . other less — accumulated depreciation and depletion amounts in thousands $ 95,122 1,563 $ 84,852 2,617 the accompanying not liabilities and stockholders equity current liabilities bank loans and current portion of long-term liabilities accounts payable accrued liabilities accrued income taxes total current liabilities long-term liabilities net of current portion notes 4 and 5 : unsecured assessment liens purchase money obligations and other notes secured only by related land and real estate deferred credits deferred income taxes deferred revenue and other minority interest in subsidiary contingent liabilities and commitments note 6 stockholders equity preferred stock without par value — authorized — 1,000,000 shares issued — none common stock par value 2 per share notes 5 and 7 — authorized — 20,000,000 shares issued — 14,321,748 shares in 1971 and 14,100,215 shares in 1970 - paid-in capital retained earnings including equity in undistributed earnings of affiliates notes 1 and 4 treasury stock at cost — 231 shares in 1971 and 200 shares in 1970 • • $ — 28,644 62,840 149,743 3 28,200 54,385 124,912 2 528,784 360,676