)RONK WILLIAMSON TOBACCO CORPORATION DECEMBER 31, 1979
FORK G NOTES
us $ THIMANDS
NOTE
CODE
OMER
AMOUNT
NOTE 1
ordinary share capital transferred to Capital
Reserve as additional paid-in capital to re-
flect the merger of Zxport Leaf Tobacco with
Brown & Williamson Tobacco corporation an
December 29, 1979 and the resultant retire-
ment of Export Leaf Tobacco Stock.
852 R 3500
NOTE 2
in 1974 Pocahontas Tobacco Corporation was
merged into Export Leaf Tobacco Company.
Both the Capital Reserve and Profit and
Loss account was taken into the Capital
Reserve. The Profit & Loss account
portion has now been transferred to
Profit and Lose.
646 R 227
NOTE 3
Reduction of tb* original $14000 provision
for anticipated loss an Vita Food Products,
Inc., divestiture &* of December 31, 1979.
640 R 6500
NOTE 4
"income Tax AdJustment Prior Years" balance
of $1139 and Not Mquity Consolidated Sub-
sidiary" balance of $3 have been ined
with "Profit and Losaw balance of $272627
as of September 30, 1978 as the opening
balance of $273769 for Profit and Lose.
804 UZ420
Nora 5
- To re-classify the original $14000 provision
for divestiture of Vita Food Products, Inc.
within the Profit & Loss acccnmt.
825 14000
NOTE 6
- Amount provided for the estimated cost of
implementing the production realignment
plan.
R 63777
Additional professional fees and services
incurred in connection with the divestiture
of Vita Food Products, Inc. R .185
Total NOTE 6 826 R 83962
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BROW & WILLIAMSON T08ACCO CORPORATION DECEMBER 31, 1979
FORM G - NOTES
us $ THOUSANDS
NOTE CODE
NUN= XR AMOUNT
NOTE 7 - Decrease in deferred tax as a result of the
provision for production realignment. 42S48
Decrease in deferred tax applicable to the
additional professional fees and services
applicable to the divestiture of Vita Food
Products, Inc. Be
Increase in deferred tax as a result of the
reduction of $6500 in the original $14000
provision for the anticipated loss an the
divestiture of Vita Food Products, Inc. R 2990
Decrease in deferred tax resulting from the
adjustment of various tax provisions trans-
ferred from Vita Food Products, Inc. 400
Total NOTE 7 826
400"
NOTE 8 Reduction of the original $14000 provision
for the antici at d loss an Vita Food Pro-
ducts, Inc., dfve:tit=v as of December 31,
1979. 826
6500
YZZ 9 Write back through other movements of Export
Leaf's difference between CTS and Book
depreciation. 819
R 528
NOTE 10- Debit balance in Provision for Deferred
income Tax as of December 31, 1979 appli-
cable to the divestiture of Vita Food
Products, Inc., and included an the adjust-
ment to the probable basis, now reinstated.
2600
opening October 1, 1978 Export Leaf Deferred
income Tax liability account now eliminated
under the most probable basis.
R 219
Total NOTE 10 815
2361
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BROWN & WILLIAMSON TOBACCO CORPORATION DZCZMZR 31. 1979
FORM G - NOTES
US $ THOUSANDS
V CODE
NMXR MMXR AMOUNT
NOTE 11 Restatement of Book Reserve for Production
Realignment from a must Present values
basis to an biLatual Dollar" basis as
instructed by B&T. R 19684
Deferred-tax effect of above described
treatment. 9662
Total NOTE 11 815 R 10022
160
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