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Bacas, Gates & Potter ISLAND AIR FERRIES, INC. Statement of Profit and Loss for the year ended December 31, 1948 OPERATING REVENUES [[3 Columned Table]] | Transportation: | | | | --- | --- | --- | | Passenger | $1,125.23 | | | Charter and Special | 5,859.68 | | | Total Transportation | | $6,984.91 | [[4 Columned Table]] | Other Revenues - net: | | | | | --- | --- | --- | --- | | Service sales - net | | $44,263.21 | | | Other incidental revenues | | 7,375.38 | 51,638.59 | | Total Operating Revenues | | | $58,623.50 | | | | | OPERATING EXPENSES [[4 Columned Table]] | Flying operations | $9,045.01 | | | | Flight equipment maintenance | 6,207.62 | | | | Depreciation - flight equipment | 10,203.14 | | | | Total | | $25,455.77 | | [[4 Columned Table]] | Ground operations | $13,047.77 | | | | Ground equipment maintenance | 643.79 | | | | Equipment maintenance | 1,771.49 | | | | Passenger service | 256.19 | | | | Advertising and publicity | 776.68 | | | | Traffic sales | 13.50 | | | | General and administrative | 26,964.45 | | | | Depreciation - ground equipment | 817.16 | | | | Total | | $44,291.03 | | | | Total Operating Expenses | | | $69,746.80 | | Operating Loss | | | $11,123.30 | | Non-Operating income | | | 23.35 | | Loss before Other Deductions | | | $11,099.95 | | Other Deductions: | | | | | Interest paid | | | 519.33 | | Loss for the period | | | $11,619.280 |