utah construction & mining co and subsidiaries assets current assets cash marketable securities at cost which approximates market . , . accounts and notes receivable from operations inventories at the lower of cost or market — mining construction prepaid expenses total current assets investments affiliated companies note 1 equity in joint ventures land and real estate — land heid for development and sale less purchase-money obligations note 2 . land held for investment improved real estate held for investment less accumulated depreciation of 2,039,719 in 1966 and 2,458,053 in 1965 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 the a 26 an integral part of these balance sheets 5,761,969 1,754,939 14,965,562 3,418,607 1,724,301 2,153,762 $ 41,578,831 10,523,590 19,485,687 1 829,788 8,019,823 $ 81,437,719 $ 11,570,069 2,947,265 $ 14,517,334 $ 12,728,288 11,086,471 33,710,186 $ 57,524,945 27,946,368 $ 29,578,577 155,312,770 1965 $ 2,489,945 14,749,993 3,056,862 4,437,500 2,161,956 $ 32,463,600 19,498,059 10,868,452 1,855,819 $ 76,593,774 $ 2,858,102 1,364,951 $ 15,981,187 9,133,602 27,796,263 $ 52,911,052 27,964,539 consolidated balance sheets — october 31 1966 and 1965 liabilities and capital current liabilities bank loans notes and contracts payable and current portion of long-term liabilities $ 5,162,927 accounts payable 5,980,731 accrued liabilities 5,713,275 accrued income taxes 2,142,668 total current liabilities $ 18,999,601 long-term liabilities 5l/i % note payable to insurance company due in varying installments from 1971 to 1986 note 3 $ 30,000,000 43a % term loan payable to banks maturing october 31 1968 — ¦ 1va note payable to bank unsecured due in installments from 1968 to 1973 1,665,000 bank loans unsecured due on or before december 30 1968 1,000,000 notes and contracts payable due in various installments to 1987 9,002,220 deferred income taxes 4,771,397 reserves and other 5,072,898 stockholders investment capital stock par value 2 per share — authorized — 10,000,000 shares issued 4,304,206 shares $ 8,608,412 capital surplus 2,916,893 earned surplus including equity in undistributed earnings of affiliates notes 1 and 3 73,378,618 treasury stock 3,967 shares at cost 102,269