utah construction & mining co and subsidiaries 1964 current assets cash $ 1,738,823 certificates of deposit 158,093 accounts and notes receivable from operations 17,174,531 inventories at the lower of cost or market — mining 3,084,428 construction 1 577,850 prepaid expenses 2,1 37,630 total current assets $ 25,871,355 investments affiliated companies note 1 ) $ 33,693,280 equity in joint ventures 8,610,915 land and real estate — land held for development and sale less purchase-money obligations note 2 9,286,239 land held for investment 2,043,190 improved real estate held for investment less accumulated depreciation of 2,066,970 in 1964 and 1,664,226 in 1963 12,298,034 $ 65,931,658 other assets long-term receivables $ 2,909,583 other 1,971,400 $ 4,880,983 construction and mining equipment and facilities at cost construction equipment and facilities $ 16,866,230 mining lands leases and development costs 8,962,587 mining equipment and facilities 27,056,517 $ 52,885,334 less — accumulated depreciation and depletion 27,498,38 $ 25,386,953 122,070,949 consolidated balance sheets october 31 1964 and 1963 1963 2,031,771 619,250 17,191,415 2,471,475 1,766,693 2,235,083 $ 29,158,570 4,117,369 9,530,123 3,105,184 $ 3,990,329 1,411,510 $ 23,330,639 9,230,827 25,188,362 $ 57,749,828 27,406,086 $ 30,343,742 120,673,926 liabilities and capital current liabilities bank loans notes and contracts payable and current portion of long-term liabilities accounts payable accrued liabilities accrued income taxes total current liabilities long-term liabilities 5-54 % note payable to insurance company due in varying installments from february 1 1966 to 1981 note 3 4 % term loan payable to banks maturing october 31 1968 bank loans due on or before december 30 1968 partially secured by improved real estate notes and contracts payable due in various installments to 1979 deferred income taxes reserves and other stockholders investment capital stock par value 2 per share — authorized — 10,000,000 shares issued 4,304,206 shares capital surplus earned surplus including equity in undistributed earnings of affiliates notes 1 and 3 treasury stock at cost 3,967 shares in 1964 and 2,172 shares in 1963 5,008,102 4,821,576 2,893,574 1,178,196 2,689,557 6,035,493 4,162,770 736,977 $ 13,901,448 $ 13,624,797 $ 20,000,000 $ 20,000,000 3,000,000 5,000,000 2,000,000 2,694,460 8,500,938 2,333,900 1,050,000 4,170,186 8,208,734 2,140,327 $ 8,608,412 $ 8,608,412 2,916,893 2,916,893 58,217,167 102,269 55,010,571 55,994 $ 69,640,203 $ 66,479,882 122,070,949 120,673,926 iccompanying notes are l integral part of these balance sheets