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Hilton Hotels, 1963 Annual Report
Image 21
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Hilton Hotels Corporation. Hilton Hotels, 1963 Annual Report - Image 21. 1963. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. April 5, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/332/show/324.

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. (1963). Hilton Hotels, 1963 Annual Report - Image 21. 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/332/show/324

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, 1963 Annual Report - Image 21, 1963, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed April 5, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/332/show/324.

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, 1963 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1963
Description Hilton Hotels Annual Report for calendar year 1963.
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 21
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_016_021.jpg
Transcript Statement of Consolidated Surplus BALANCE—DECEMBER 31, 1962 ADD: Adjustment of Surplus Arising from Exchange of Hilton Hotels Corporation Common Stock for Common Stock of Statler Hotels Delaware Corporation in Accordance with Terms of Merger Agreement BALANCE—DECEMBER 31, 1963 CAPITAL SURPLUS, $39,714,449.76 8,360.88 $39,722,810.64 EARNED SURPLUS BALANCE—DECEMBER 31, 1962 ADD: Adjustment for Previously Nonconsolidated Foreign Hotels: Berlin Hilton—Earned Surplus—(Deficit) $ (7,609.56) Trinidad Hilton—Earned Surplus 7,687.71 Net Income and Profits for the Year Ended December 31, 1963 DEDUCT: Hilton Hotels Corporation's Portion of Net Operating Losses of Hilton Credit Corporation to February 14, 1963 — Date of Acquisition of Control $2,927,211.16 Provision for Reserve for Revaluation of Property 2,510,000.00 Dividends Paid on Common Stock 2,656,507.82 BALANCE—DECEMBER 31, 1963 $75,823,541.03 78.15 4,770,356.35 80,593,975.53 8,093,718.98 $72,500,256.55 CERTIFICATE OF INDEPENDENT PUBLIC ACCOUNTANTS To the Board of Directors and Shareholders of Hilton Hotels Corporation We have examined the balance sheet of Hilton Hotels Corporation and its Consolidated Subsidiaries at December 31, 1963 and the related consolidated surplus and income statements for the year then ended. These consolidated statements have been prepared from financial statements of Hilton Hotels Corporation and its Subsidiaries which were either audited by us or by other independent accountants who have submitted to us their certificates concerning the underlying financial 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 opinions expressed in the certificates of other independent accountants pertaining to the examinations made 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 Consolidated Subsidiaries at December 31, 1963, and the results of their operations for the year then ended in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Chicago, Illinois March 2, 1964 HARRIS, KERR, FORSTER & COMPANY HILTON HOTELS CORPORATION AND CONSOLIDATED SUBSIDIARIES