utah construction & mining co and subsidiaries consolidated balance sheets assets current assets cash certificates of deposit accounts and notes receivable from operations inventories at the lower of cost or market — construction prepaid expenses total current assets investments affiliated companies note 1 equity in joint ventures land and real estate land held for development and sale less purchase money obligations note 2 . land held for investment improved real estate held for investment less accumulated depreciation of 1,664,226 in 1963 and 51,341,699 in 1962 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 utah construction & mining co and subsidiaries october 31 1963 and 1962 liabilities and stockholders equity current liabilities current portion of bank loans notes and contracts payable accounts payable , accrued liabilities accrued income taxes total current liabilities long-term liabilities 5 note payable to insurance company due in varying installments fro february 1 1966 to 1981 note 3 4 notes payable to bank due on or before october 31 1968 5 bank loan secured by improved real estate notes and contracts payable due in variable installments to 1979 deferred income taxes other stockholders equity capital stock par value 2 per share — authorized 10,000,000 shares outstanding 4,304,206 shares in 1963 and 2,152,103 in 1962 note 4 , capital surplus note 4 earned surplus including equity in undistributed earnings of affiliates notes 1 and 3 treasury stock 2,172 shares at cost n integral part of these balance sheets 1962