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ond
December 31, 1955
Hilton Hotels Corporation
ASSETS
CURRENT ASSETS Cash $ 18,532,504.83
Marketable Securities—U. S. Treasury Bonds 100,000.00
Accounts and Notes Receivable $ 12,783,267.20
Less: Reserve for Doubtful Accounts 348,960.95
12,434,306.25
Inventories of Merchandise and Supplies (At Cost).... 3,382,775.99
Other Current Assets
Cash in Banks for Payment of Income Taxes $ 224,482.56
Investment Mortgage Note Payments Receivable
Within One Year 2,902,181.50
Prepaid Expenses 1,791,984.03
Other 251,366.76
5,170,014.85
Total Current Assets $ 39,619,601.92
INVESTMENTS Securities—Other than Marketable $ 270,850.00
Installment Sales Contract Notes 13,975,748.54
Securities and Indebtedness of Affiliates—Not Current. . 4,500,000.00
Other Investments 508,815.21
$ 19,255,413.75
Less: Amounts Due Within One Year—(Above) 2,902,181.50
Total 16,353,232.25
FIXED ASSETS— Land $ 13,466,645.01
(Note 2) Buildings 71,553,880.82
Furniture and Equipment 37,013,311.34
Leaseholds and Improvements 22,342,311.27
$144,376,148.44
Less: Reserve for Depreciation and Amortization 41,657,105.90
$102,719,042.54
Rehabilitation, Revisions and Alterations 2,836,176.39
Operating Equipment 4,629,701.37
Total 110,184,920.30
OTHER ASSETS AND Non-Operating Property—Land $ 391,968.17
DEFERRED CHARGES Pre-Opening and Preliminary Investigation Expenses. . 1,711,009.27
Organization Expenses 345,804.37
Unamortized Mortgage and Loan Expense 361,775.01
Other Assets and Deferred Charges 941,107.39
Total 3,751,664.21
TOTAL ASSETS $169,909,418.68
Notes to Financial Statements form an integral part of this statement and should be considered in connection therewith.
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