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Hilton Hotels, 1958 Annual Report
Image 29
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Hilton Hotels Corporation. Hilton Hotels, 1958 Annual Report - Image 29. 1958. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 19, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1375.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation. (1958). Hilton Hotels, 1958 Annual Report - Image 29. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1375

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation, Hilton Hotels, 1958 Annual Report - Image 29, 1958, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 19, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1383/show/1375.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Hilton Hotels, 1958 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1958
Description Hilton Hotels Annual Report for calendar year 1958.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Conrad N. Hilton Papers
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 29
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_011_029.jpg
Transcript Statement of Consolidated Surplus CAPITAL SURPLUS BALANCE—DECEMBER 31, 1957 $26,505,819.84 ADD: Surplus Arising from Conversion of 4J^% Fifteen-Year Convertible Debentures into Common Stock in Accordance with Conversion Privileges $ 433,434.81 Surplus Arising from Exchange of $25.00 Par Value 53^% Series "A" Preferred Stock and $2.50 Par Value Common Stock for Common Stock of Savoy-Plaza, Inc., in Accordance with Terms of Exchange and Merger Agreements 197,282.71 Surplus Arising from Adjustment of Fixed Assets and Related Depreciation Reserves of Savoy-Plaza, Inc. to Tax Basis 716,790.12 1,347,507.64 BALANCE—DECEMBER 31, 1958 $27,853,327.48 EARN ED SURPLUS BALANCE—DECEMBER 31, 1957 $47,254,199.63 ADD: Net Income and Profits for the Year Ended December 31, 1958 10,103,189.79 $57,357,389.42 DEDUCT: Dividends: Cumulative First Preferred Stock, 5% Series "A" $ 264,500.00 Cumulative Preferred Stock, 5l/2% Series "A" 320,877.96 Common Stock 4,711,442.40 5,296,820.36 BALANCE—DECEMBER 31, 1958 $52,060,569.06 CERTIFICATE OF INDEPENDENT PUBLIC ACCOUNTANTS To The Board of Directors and Shareholders of Hilton Hotels Corporation We have examined the consolidated balance sheet of Hilton Hotels Corporation and its Subsidiaries at December 31, 1958 and the related consolidated surplus and income statements for the year then ended. These consolidated statements have been prepared from financial statements of the operating units of Hilton Hotels Corporation and its Subsidiaries which were either audited by us or by another firm of independent accountants, which firm has submitted to us a certificate concerning the underlying statements examined by them. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, based upon our examination and upon the opinion expressed in the certificate of another firm of independent accountants pertaining to the operating units and companies examined by them, the accompanying consolidated balance sheet and related statements of consolidated surplus and income, together with explanatory notes thereto, present fairly the financial position of Hilton Hotels Corporation and its Subsidiaries at December 31, 1958 and the results of operations for the year then ended in conformity with generally accepted accounting principles applied on a consistent basis. Chicago, Illinois HARRIS, KERR, FORSTER & COMPANY March 4, 1959 AND SUBSIDIARIES 2t