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(c) Column 2, “Date of Sale or Other able parts and rotable parts shall be Disposition" shall include the day, the separately grouped, subtotaled in colmonth and the year on which each item umns 2 through 8, and identified in was sold or otherwise disposed of within column 1 by asset account number. the meaning of 8 235.1(b) of Part 235. (c) Column 2, “Inventory at End of
(d) Column 8, “Net Amount of Gain" Period" shall reflect the book balance for shall reflect the net of column 5 minus each class of parts and assemblies recolumns 6 and 7; an entry shall be made flected in column 1 as at the close of the transferring an amount equal to the 12-month period for which report is being amount in column 8 from account 2940 made and shall agree, in aggregate for Unappropriated Retained Earnings to expendable parts and rotable parts sepaccount 2930 Appropriations of Re arately, with the respective balances retained Earnings. If an initial meas flected for such asset classifications in urement of gain is subject to adjustment the current schedule B-1 Balance Sheet. to reflect losses which result upon col (d) Column 3, “Inventory Subject to lection of installment sales or in convert Loss Provisions," shall reflect for each ing proceeds to cash, the adjustment class of flight equipment expendable should be reported at the time the loss parts reflected in column 1 the predeteris determined. Upon the investment of mined level of inventory against which gains in flight equipment, an equivalent a reserve for loss in value is being acamount may be returned to account 2940 crued. Unappropriated Retained Earnings.
(e) Column 4, "Balance Beginning of (e) Column 9, “Disposition" shall re Period," shall reflect the balance of acflect the name of the person or organi cumulated valuation reserve provisions zation to which the flight equipment is existing for each classification reflected sold or a notation as to the nature of the in column 1 as at the beginning of the disposition is not sold.
12-month period for which report is be(1) Columns 10 and 11 shall reflect the ing made and shall agree with the baldate and amount of each gain deposited ances shown in column 7, Balance End of in a re-equipment fund for reinvestment Period, on the next previous report. in flight equipment. Such deposits shall (f) Column 5, “Provisions During Pebe recorded in account 1550 Special riod," shall reflect for each classification Funds-Other.
shown in column 1 the net provisions to (g) Column 12 shall identify the as valuation reserves against flight equipsets in the fund and shall indicate the ment parts and assemblies during the 12location of the fund if not in immediate month period for which report is being physical possession of the air carrier. made, net of adjustments for inventory (h) This schedule shall include a sep
declines. The amounts reported in this arate memorandum summary of the re column for expendable parts shall agree equipment funds in account 1550 Special with the amounts reported in account 73 Funds—Other, under benefit of section for the same 12-month period. 406(d) of the Act. The summary shall (g) Column 6, “Retirements During list the date of sale or other disposition Period," shall reflect for each classificafrom which the gain was derived and the tion shown in column 1 the portion of related balance remaining in account accumulated valuation reserve provisions 1550.
for fight equipment parts and assemblies
absorbed in abandonment or other reSchedule B-9-Inventory of Flight
tirements of parts and assemblies during Equipment Spare Parts and Assem
the 12-month period for which report is blies
being made. (a) This schedule shall be filed by all (h) Column 7, "Balance End of Peroute air carriers.
riod," shall reflect the balance of ac(b) The indicated data shall be re cumulated valuation reserve provisions ported separately for each class of air for each classification shown in columni, frame parts, aircraft engine perts and existing as at the close of the 12-month other flight equipment parts, by types of period for which report is being made and airframes or aircraft engines to which shall agree, in aggregate for expendable applicable, or as "interchangeable" when and rotable parts, separately, with the applicable to more than one aircraft or respective current balances reflected for engine type and shall be reported such asset classifications in schedule B-1 separately for expendable parts and Balance Sheet. rotable parts and assemblies. Expend (1) Column 8, "Cost Less Valuation
Reserves," shall reflect the differences between columns 2 and 7. Schedule B-10-Developmental and
Preoperating costs (a) This schedule shall be filed by all route air carriers.
(b) Separate copies of this schedule shall be filed for projects directly applicable to each separate operating entity of the air carrier and for the air carrier as a whole covering projects which are applicable in common to all transport operating entities.
(c) Column 1 shall reflect an identification and complete description of each project for which costs are deferred in balance sheet account 1830. The description shall include the CAB Docket number in cases of projects involving a proceeding before the Civil Aeronautics Board.
(d) Explanation of the amounts included in column 3 shall disclose the general characteristics of the amounts deferred during the current quarter for each project, for example, the cost of regulatory proceedings; the cost of pilot, mechanic and ground crew training; special engineering; aircraft development flights; publicity flights; and route familiarization flights.
(e) Column 6, “Unamortized Balance-End of Quarter" shall in total agree, when aggregated for the air carrier as a whole, with the corresponding balance of account 1830 shown in schedule B-1-Balance Sheet.
(f) Column 7, "Development Costs Charged to Account 89" shall reflect costs incurred in projects which do not contribute to or protect air transportation services of the air carrier. Schedule B-41-Investments Held by, or
for the Account of, Respondent (a) This schedule shall be filed by all route air carriers.
(b) The data shall be grouped and separately subtotaled according to: (1) Investments in subsidiary companies; (2) investments in other associated companies, and investments in other than associated companies; and (3) notes and accounts receivable due to the air carrier one year beyond the date of the report.
(c) Column 1 shall reflect the name of each associated company, and each other issuer of securities held by the air carrier. This column shall also reflect the name of each company from which non
current notes and accounts receivable are due to the air carrier.
(d) Column 2 shall reflect the type of security, such as stocks, bonds, notes, etc., with respect to investments, and the words "a/c rec." or "notes rec.", as appropriate, with respect to noncurrent receivables.
(e) Column 3 shall reflect the words "yes" for investments held in the name of the air carrier and "no" for investments held in the name of others for the account of the air carrier.
(f) Column 4 “Cost” shall reflect the cost of the investments to the carrier. The cost of investments in subsidiary companies, plus the equity in undistributed earnings or losses since acquisition reflected in column 5, “Equity or Book Value". shall agree in aggregate with the corresponding amounts in balance sheet subaccount 1510.1 Investments in Subsidiary Companies. The cost of investments in other associated companies shall agree in total with corresponding amounts reflected in balance sheet accounts 1510.2 Investments in Other Associated Companies and 1530 Other Investments and Receivables, respectively.
(g) Column 5 "Equity or Book Value" shall reflect the equity in undistributed earnings or losses of subsidiary companies since acquisition, or the book value of investments in other associated companies and other than associated companies as of the date of this schedule. This column does not apply to investments in industry-owned service organizations which operate on a nonprofit basis.
(n) Column 6 "Number of Shares or Debt Principal Amount" shall reflect the number of shares of stock or the principal amount of bonds or notes held by the carrier. Schedule B-42-Accounts 1410 Short
Term Prepayments, 1550 Special Funds-Other, 1820 Long-Term Prepayments, 1880 Other Intangibles, 1890 Other Deferred Charges, 2390 Other Deferred Credits
(a) This schedule shall be filed by all route air carriers.
(b) The data in this schedule shall be grouped and subtotaled for each indicated balance sheet account in numerical order and shall identify the nature and amount of each item included in each such balance sheet account as at
the close of the current accounting period. Schedule B-43—Inventory of Airframes
and Aircraft Engines (a) This schedule shall be filed by all route air carriers.
(b) A single set of this schedule shall be filed for the overall corporate or other legal entity comprising the air carrier.
(c) The indicated data shall be reported for each individual airframe, identified by type, model, and design of cabin as to use for passengers exclusively, cargo exclusively, or both passengers and cargo in combination. Data pertaining to aircraft engines shall be reported on a group basis by type of engine and by type of aircraft to which related.
(d) Data in this schedule shall be grouped and subtotaled as between data pertaining to airframes and data pertaining to aircraft engines. Data pertaining to nonoperating airframes and aircraft engines shall be reported in a group below the data for operating equipment.
(e) The data to be reported shall include owned and rented airframes and aircraft engines currently in operation or in conversion. Data pertaining to rented airframes and aircraft engines shall be listed in columns 1 through 7 and in column 13; the cost of improvements thereto shall be listed in columns 8 through 12.
(f) Column 8, "Cost" shall agree in totals for owned and operating airframes and aircraft engines, respectively, with corresponding amounts reflected in accounts 1601 and 1602 in column 7 of Schedule B-5 as at December 31 of the reporting year.
(g) Column 9, "Reserve for Depreciation" shall include the accumulations of all provisions for losses due to use and obsolescence as recorded in balance sheet accounts 1611 Reserve for Depreciation-Airframes and 1612 Reserve for Depreciation-Aircraft Engines.
(h) Column 10, “Depreciated Cost” shall reflect Cost (column 8) less Reserve for Depreciation (column 9).
(i) Column 11, "Estimated Residual Value" shall reflect in dollars the residual value assigned to airframes and aircraft engines respectively, including any overhaul value not subject to depreciation.
(j) Column 12, "Estimated Depreciable Life (Months)” shall reflect the esti
mated depreciable life of each airframe and each group of aircraft engines.
(k) Column 13, "Flight Equipment Airworthiness Reserves or Maintenance Liability" shall include amounts accumulated for owned airframes and aircraft engines in account 1629 Flight Equipment Airworthiness Reserves and amounts accumulated for leased airframes and aircraft engines in accounts 2190 Other Current Liabilities and 2290 Other Noncurrent Liabilities.
(1) Totals for owned operating equipment shall agree with property and equipment accounts 1601 Airframes; 1611 Reserve for Depreciation-Airframes; 1602 Aircraft Engines; 1612 Reserve for Depreciation-Aircraft Engines; and 1629 Flight Equipment Airworthiness Reserves. The airworthiness liabilities for rented equipment included in accounts 2190 Other Current Liabilities and 2290 Other Noncurrent Liabilities shall be shown in column 13. Schedule B-44-Transactions With
Associated Companies (a) This schedule shall be filed by all route air carriers.
(b) A single set of this schedule shall be filed for the overall corporate or other legal entity comprising the air carrier.
(c) The data in this schedule shall be grouped and subtotaled separately for balance sheet accounts 1250 Notes and Accounts Receivable Associated Companies, 1510 Investments in Associated Companies, 2050 Notes and Accounts Payable-Associated Companies, and 2240 Advances from Associated Companies.
(d) Column 1 shall reflect, under each affected balance sheet account, the name of each associated company.
(e) Column 2 shall reflect, for each item listed in column the balance as at the close of the next previous calendar year.
(f) Column 3 shall reflect, for each item listed in column 1, the total billings to associated companies in the case of asset accounts, or the total billings from associated companies in the case of llability accounts, during the calendar year. Billings by associated companies shall not be offset against billings to associated companies but shall each be reported separately in gross amounts billed after reflection of debit or credit adjustments to correct or otherwise modify amounts previously billed
whether such adjustments originate tion of each particular issue of debt, such with the billed or billing company.
as “Sinking Fund Debentures”, “Bank (g) Column 4 shall reflect, for each Notes”, “Credit Agreement”, etc. This item listed in column 1, adjustments
column shall also reflect for each issue a resulting from restatements stemming brief description of the terms of payment from changes in foreign exchange rates. and, where applicable, conversion privi(h) Column 5 shall reflect, for each
leges, including conversion periods, rates item listed in column 1, the amount of of conversion and the securities into account settlements effected during the
which convertible. calendar year.
(d) Columns 2, 3, and 4 shall reflect (1) Column 6 shall reflect, for each
the date of issue, date of maturity, and item listed in column 1, the balance as
the interest rate per annum, respectively. at the close of the current calendar year.
(e) Column 5 shall reflect the amount
of bonds or other evidences of debt orig(j) Column 7 shall reflect, for each
inally issued, as distinguished from the item listed in column 1, the amount of contra debits to liability accounts or
(f) Columns 6 and 7 shall reflect the contra credits to asset accounts during
balance outstanding at the end of the the calendar year which affected other balance sheet accounts.
reporting period in accounts 2210 Long
Term Debt and 2010 Current Notes Pay(k) Column 8 shall reflect, for each
able on Schedule B-1, respectively. item listed in column 1, the amount of
(g) Columns 8 and 9 shall reflect the contra debits to liability accounts or con
name and address of holders of more tra credits to asset accounts during the
than 5 percent of the issue or $500,000, calendar year which affected profit and
whichever is smaller, showing for each loss accounts. The sum of the amounts
such holder the amount held as at the shown for each associated company ac
end of the reporting period. count in columns 7 and 8 shall agree with the amount shown for total
Schedule B-47-Lease Obligationsbillings listed in column 3 for each such
Flight Equipment account.
(a) This schedule shall be filed by all (1) Amounts to be reported on this route air carriers and shall reflect inforschedule shall include all transactions mation pertaining to each flight-equipcleared through balance sheet accounts ment lease obligation with annual rental 1250, 1510, 2050, and 2240. Transactions
of $500,000 or 1 percent of total debt and with associated companies for transport equity capital, whichever is less, but services settled through airline clearing excluding leases with annual rental of houses shall not be reflected in this less than $100,000. schedule unless transferred from clear (b) A single set of this schedule shall ing houses for direct settlement between be filed for the overall corporate or other the air carrier and associated companies. legal entity comprising the air carrier. The contra amounts to billings shall be (c) Column 1 shall reflect a descripclassified in terms of their inherent tion of each item of light equipment characteristics as to balance sheet or under lease by the reporting carrier of profit and loss impact and the ultimate the magnitude specified in paragraph disposition to be made of such amounts (a). without regard to any intermediate ac (d) Column 2 shall reflect the begincounting which may be performed.
ning date of the lease. Schedule B-45 (Reserved)
(e) Column 3 shall reflect the life of
the lease and any renewal periods. Schedule B-46-Long-Term and Short
Where a lease is not renewable, the word Term Non-Trade Debt
"none" shall be reported. (a) This schedule shall be filed by all (f) Column 4 shall reflect the name route air carriers and shall reflect in and address of the lessor. formation pertaining to each issue of (g) Column 5 shall reflect the aggrelong-term debt and short-term debt gate amount of the contractual obliga(other than trade llabilities) in excess tion payable over the full life of the lease, of 5 percent of total outstanding debt. including interest and other charges.
(b) A single set of this schedule shall (h) Column 6 shall reflect the total be filed for the overall corporate or other amount due and payable under the lease legal entity comprising the air carrier. in the ensuing twelve-month period in(c) Column 1 shall reflect a descrip cluding interest and other charges. If
the lease is conditional, the minimum Items” for each separate operating enamount due in the twelve months shall tity of the air carrier and for the overbe stated with explanation. Where the all, or system, operations of the air caramount varies from year to year, a rier. The indicated items following “Net schedule of payments shall be attached. Income After Special Items” shall be re
(1) Column 7 shall indicate whether ported on only the income statement the lease contains purchase option pro
filed for the air carrier's system. visions by insertion of the word “yes” (c) Data reported on this schedule or "no".
shall conform with the instructions perMemorandum Subclassification of
taining to profit and loss classifications
within this Uniform System of Accounts Ground Property Investment
and Reports. (a) This schedule shall be filed in (d) Data reported in the “12-Monthsduplicate by each Group III air carrier. to-Date" column shall represent for each
(b) This schedule shall include the net individual item the sum of amounts reInvestment after depreciation and the ported in the “Quarter” column for the current depreciation expense for ground current and next previous three quarters. property and equipment in the accounts (e) “Unappropriated Retained Earnlisted on the schedule.
ings-Beginning of Period” shall be the (c) Column 1 lists the accounts and sum of the balances of “Unappropriated subclassifications in which the ground Retained Earnings” and “Net Income property or equipment is to be reported, Year to Date" reported on the balance according to its use in the normal course sheet as at the close of the corresponding of the carrier's operations. “General" quarter of the previous year, in the case and “other” subclassifications are pro of the “12-Months-to-Date" column, and vided for units of property normally as at the close of the previous quarter, utilized in more than one type of service in the case of the "Quarter" column. or for other than the services listed. (f) “Unappropriated Retained EarnWith respect to account 1636 Furniture, ings-End of Period” shall be, in the Fixtures and Office Equipment, data cases of both the “12-Months to Date" processing equipment used for reserva and "Quarter" columns, the sum of the tions purposes shall be included in the balances of “Unappropriated Retained data processing equipment subclassif Earnings” and “Net Income-Year to cation; all other technical reservations Date" reported on the balance sheet as equipment, such as remote inquiry sta at the close of the current quarter. tions, whether at reservations control
Schedule P-2-Notes to Income centers or at ticket counters, shall be classified as reservations equipment.
Statement (ER-327. 26 F.R. 4222, May 16, 1961, as (a) This schedule shall be filed by all amended by ER-369, 27 F.R. 12819, Dec, 28, route air carriers. 1962; ER-415, 29 F.R. 12674, Sept. 9, 1964; (b) Separate sets of this schedule ER 417,29 F.R. 13530, Oct. 1, 1964; ER-425, 30
shall be filed for each separate operating F.R. 746, Jan. 23, 1965; ER-435, 30 FR. 7704,
entity and for the overall or system opJune 15, 1965; ER-483, 32 F.R. 2812, Feb. 11, 1967; ER-484, 32 FR. 5368, Mar. 30, 1967;
erations of the air carrier. ER-530, 33 F.R. 4797, Mar. 21, 1968; ER-546,
(c) All substantive matters which may 33 F.R. 18698, Dec. 18, 1968; ER-562, 34 F.R. influence materially interpretations or 3741, Mar. 4, 1969; ER-606, 35 F.R. 4614, Mar. conclusions in regard to the earnings 17, 1970)
position of the air carrier which are not Section 24-Profit and Loss Elements
clearly identified in the body of the
income statement shall be completely Schedule P-1.1-Income Statement and clearly stated in this schedule and Group I Air Carriers
cross-referenced to the affected profit
and loss account. Schedule P-1.2-Income Statement
(d) Each air carrier shall include on Group II and Group III Air Carriers
this schedule a description of each in(a) Schedule P-1.1 shall be filed by terruption in air transport operations, each Group I route air carrier and sched the aggregate effect of which is ten (10) ule P-1.2 shall be filed by each Group II percent or more of the scheduled rev. air carrier and each Group III air carrier. enue plane-miles which, except for the
(b) Separate income statements shall Interruption, would have been operated be filed, covering all indicated items during the month or either of two conthrough “Net Income After Special secutive months affected. The informa