to P.
DECEMBER 31, 1979 VS.
CMOM" 09 ASSM An Luinnin ans SZPTZM9ZR 30, 1978
CMXM: US $ THOUSANDS
Camps" Name BROWN & WILLIAMSON TOBACCO CORPORATrott
smxDr= cmeaum
7110 AS=
PLANT & MACHINERY MCPENDITURES
1. Capital expenditu rem OA pri"ry and
fabrication equipment pertaining to
expansion project. 14,600
2. Field sales personnel fleet auto-
mobile purchases. 4,200
3. Fourth quarter 1978 fabrication
equipment purchases for Macon,
Georgia plant. 2,400
4. All other factors 8,708
Total Plant & Machinery Zxpinditures 29t.908
CAPITAL XXP=DITVRRS CONTRACT21)
1. Approximately $32,000 oi the $33,424 outstanding
conknittments at December 31, 1979 relate to the
Macon, Georgia plant expansion project. A break-
down of theme comittments is as followst
A. Purchase fabrication and primary equipment* 23,800
B. Professional foes and services re design cost 3,600
C. Construction 4 600
Sub-Total 32.000
2. All other committiments 1,424
Total Fixed Asset Comittiments _33L424
--4
CD
BAT hOWWAS P.LC. - UNIMOTA DMOMM COPY - PftXU= RNMANT TO VILD. OF
CONSENT JUDGMENT DATED &1M IN STATE OF MMAAWA Ir Af. V. Pf" NOR& ET CASE No. C1 01 M
DECEMBER 31, 1979 VS.
COMMM = AUM AM Lwun= UTZ: SEPTEMBER 30, 1978
CuAlums US $ THODSANDS
cm"" Ram BROWN WILLIAMSON TOBKCCO co"omrw
DECEMBER 31, SEPTEMBER 30,
1979 1978 CERME
STOCKS - LEAF 295343 304447 R 9104
Export Leaf Tobacco leaf stocks at September 30, 1978 was $55,949 greater
than at December 31, 1979. Green leaf stocks are hormally much larger at
September since flu*-cured market purchases are f4.r greater during July-
September than production caipatties. Most flue-cured purchases are pro-
cessed and sold by December. Also, the 1976 crop purchases for BAT Stock-
pile and U.K. wort approximately 50,000 pounds grelLter than the 1979 c p.
C J@%.j f.. IV
M
CASH 1964*0 t 25301
Reflects a change in the handling of cash for balance sheet presentation.
in 1978, not red cash balances were shown as a reduction to assets. Por
1979, as instructed by B.A.T.. positive cash balances are shown as an
asset and red balances are shown as a liability (see overdrafts).
LOARS - LONG TERM 86140 95640 R 9500
Payments on the Metropolitan Life insurance Company loans aaouhtod.to
$9,240 and payments an the industrial Revenue bonds amounted-to $260.
LOANS - INTIMOMPANY .225000 290532 AILS.? 2
At September 30, 1978 Export Leaf Tobacco had loans outstanding to Wall-
brook of $65532 to finance the higher inventory being carried by ZLT at
September 30, 1978.
DZrZRRED TAX - OVXRSZAS pjL4@ 9 416 R52875
Deferred tax decreased primarily due to the deferred tax benefit associated
with expenses recognixod in commetion witW.the Production Realignment
plan.
CREOTTORS - ACCQUV= PAYABLE 10070S 89638 11067
Provisions for Advertising expenses increased $7153 primarily due to
increased coupon and refund offers mad* to consumers.
CD
__j
B.A.T Immmms P.Lc. - monnoTA owKwrm copy pmmcgo PWMANT To I MEL oF
CONSENT JUDOWNr DAMD &%ft IN $rAIX gr A&#&WrA, jr pj, K PftV MIMM &T CASE MD. C14w4w
te %
DECEMBZR 31, 1979 VS.
COMISM ON AssM An LUBILZTZZS D=tSEPTEMR 30, 1978
CURMYS US $ TSMAUDS
CaaWy Nam BROW & WILLXAMSON TOBACCO CORPORATION
DECRMM 31, SEPTRWER 30,
1979 1978 CHANGE
GZNZRAL PROVISIONS 93S44 - 43844
General provisions increased due to provision for expenditures to be
incurred in connection with the Production Realignment Plan.
IN= CCUPANY - SAM DIVISION 15493 10725 4768
Inter-company current accounts payable increased *4768 primarily due to
amounts payable to BATUS $1910 and Germaine Monteil $3724.
COMPAWY - OMR DIVISION 6"1 R11775 18416
Amounts receivable from BAT at September 30, 1978 was $8572 compared to
a balance due of f770 at December 31, 1979. Amounts payable to BATIF
at December 31, 1979.increased f5667.
C)
M)
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all
r\3
CD
BAT bMsM$ P-Lr- - UNNUMA DEpOWMM Copy pMWM pumohm To VHM. OF
coNaw JuoaWW DATID WK M SrAM OF MWWOTA XT 49- Y, Ef" Aft"M IT CASE NO. C1 0 i W