utah construction mining c 0 and subsidiaries current assets cash marketable securities at cost which approximates market accounts and notes receivable from operations inventories at the lower of cost or market — stockpiled mine production construction in progress and supplies prepaid expenses total current assets investments affiliated companies note 1 ) equity in joint ventures land and real estate — land held for development and sale land held for investment improved real estate held for investment less accumulated depreciation of 975,905 in 1961 and 624,558 in 1960 other assets long-term receivables other .... construction and mining equipment and facilities at cost construction equipment and facilities ..... mining lands leases and development costs .... mining equipment and facilities less — accumulated depreciation and depletion . consolidated balance | sheets october si isbi and i960 liabilities and stockholders equity current liabilities current portion of bank loans notes and contracts payable accounts payable accrued liabilities accrued federal income taxes total current liabilities long-term liabilities 5 % notes payable to insurance company due in varying installments from february 1 1966 to 1981 note 2 bank loans — term loan other bank loans partially secured by improved real estate . notes and contracts payable due in variable annual installments to 1977 deferred income taxes reserve for employees retirement plan based on profit sharing other stockholders equity note 2 capital stock par value 2 per share — authorized 10,000,000 shares 10,250 shares reserved for issuance under employees stock purchase plan issued and outstanding — 2,110,647 shares in 1961 and 2,069,883 shares in 1960 capital surplus note 3 earned surplus equity in undistributed earnings of affiliates note 1 total stockholders equity $ 20,000,000 1,500,000 6,048,238 6,332,768 299,511 1,221,811 $ 35,402,328 $ 4,221,294 5,625,043 31,231,135 16,678,797 $ 57,756,269 105,828,510 19,000,000 2,375,918 5,543,904 3,267,107 290,062 1,693,228 32,170,219 $ 4,139,766 3,403,405 30,607,000 13,208,096 51,358,267 93,747,407 the accompanying notes are an integral part of these balance sheets