Connection Summer 2018 | Page 8
ANNUAL
MEETING
UNITED AGRICULTURAL COOPERATIVE, INC.
Departmental Statements of Operations - 2018
Year Ended April 30, 2018
Ginning revenues and sales
Less cost of sales
$
Other operating revenue
Operating expense:
Labor
Repairs and supplies
Truck and tractor
Hauling
Insurance
Depreciation and amortization
Utilities
Other
Operating margins (loss)
Other income and (expense):
Patronage allocations from
other cooperatives
Gain(loss) disposition of assets
Interest income
Other income
Interest expense
Warehouse
department
1,342,697
-
Grain
department
29,390,912
27,307,019 Hardware
department
18,048,110
14,042,534 Fuel
department
6,830,253
6,255,389 Totals
68,502,470
52,019,695
8,475,745
2,634,880 1,342,697
(380,173) 2,083,893
3,242,451 4,005,576
153,422 574,864
4 16,482,775
5,650,584
11,110,625 962,524 5,326,344 4,158,998 574,868 22,133,359
2,742,568
798,980
174,495
2,706,685
478,423
735,574
1,383,250
1,325,011
10,344,986 262,854
72,229
7,549
-
22,516
70,531
11,859
64,922
512,460 1,755,002
640,010
29,878
-
173,189
929,475
300,184
723,822
4,551,560 2,607,995
261,349
139,473
-
109,576
408,125
100,554
571,279
4,198,351 232,959
39,791
10,404
-
36,552
82,740
14,326
84,792
501,564 7,601,378
1,812,359
361,799
2,706,685
820,256
2,226,445
1,810,173
2,769,826
20,108,921
765,639 450,064 774,784 (39,353) 73,304 2,024,438
95,536
-
132,632
31,014
(311,432)
(52,250) 258,607
10,678
47,304
148,895
(62,005)
403,479 4,373
-
17,379
10,356
(5,023)
27,085 1,847,155
33,178
200,402
772,728
(435,518)
2,417,945
1,486,722
20,500
1,000
577,284
(55,951)
2,029,555
Net margins (loss) before taxes
Provision for Federal income tax
1,917
2,000
2,087
5,179
(1,107)
10,076
2,795,194
- 460,140
- 722,534
10,540 364,126
54,600 100,389
14,267 4,442,383
79,407
Net margins (loss) $ 2,795,194 460,140 711,994 309,526 86,122 4,362,976
Distributable member earnings
Unallocated patronage loss
Retained earnings $ 1,654,044
453,583
687,567
2,795,194 357,667
-
102,473
460,140 570,866
-
141,128
711,994 161,535
-
147,991
309,526 46,581
-
39,541
86,122 2,790,693
453,583
1,118,700
4,362,976
Bales ginned
Number of bales received
Number of bales shipped
Total bushels sold
8
Gin
department
12,890,498
4,414,753
$
156,484
48,353
43,948
6,840,124