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Financial Record – Holsman Automobile

Financial Record

Financial records from July 1, 1905 through January 1, 1910.

 

As of  [1905]    

July 1st

1906 

 January 1 

 1907

January 1

 [1907]  

July 1st

1908

January 1

 1909

January 1

 [1909]

July 1st

1910

January 1
 
Net assets $ 50,000 ₁ $ 68,119 $210,328 $291,333 $264,087 $243,195 $334,262      –
Finished vehicles $ 15,400 ₂ $ 23,100 ₁ $  87,549 $124,156 $131,001 $ 67,367 $154,548      –
Factory equipment $   5,000 ₁ $  6,500 $  20,002 $ 29,697 $ 43,562 $ 49,292 $ 55,989      –
Disbursements      – $ 87,303 $278,989      – $602,100 $363,176      – $485,404
Patterns & drawings $ 10,000 ₁ $ 10,000 ₁ $ 19,755 $ 25,000 $ 27,342 $ 53,659 $ 60,295      –
Cash & CODs $   5,240 $  6,203 $ 12,750 $ 23,970 $ 13,790 $ 11,596 $ 13,901      –
Gross Vehicle Sales      – $ 83,859 $254,638      – $576,048 $303,524      – $344,371
Gross Vehicle Repair      – $  5,609 $ 16,098      – $ 47,498 $ 61,864      – $ 66,528
 
Total Gross Sales      – $ 89,468 $270,736      – $623,546 $365,388      – $410,899
Capital Stock $  30,000 $ 50,000 $100,000 $200,000 $200,000 $200,000 $200,000      –
Surplus $    7,843 $   4,390 $ 69,636 $ 45,952 $ 18,405 $   3,364 $ 28,977      –
Unpaid bills $      606 $ 12,979 $ 14,750 $ 36,000 $ 27,000 $ 17,000 $ 71,877      –
Deposit on vehicles      –      – $ 15,947 $ 9,381 $ 11,955 $ 15,141 $ 30,093      –
Factory Payroll      – $ 29,936 $ 90,784      – $184,285 $112,764      – $168,112
Dividends      – 66 2/3 % 5 & 50%      – 5 & 20%      –      –      –

 

NOTES:

(₁) The HACo used an approximate number for these figures.

(₂) The HACo combined the Finished Vehicles plus the Parts less the Deposit on Vehicles not yet shipped in this instance.

 

It was stated on the 1 July 1905 statement that they planned to exhibit a vehicle in the February 1905 Chicago Automobile Show as well as the February 1906 Show.

It was stated on the 1 January 1906 statement, that they were planning for additional manufacturing space.

In 1905, -06, -07 & -08, they included income from the exclusive licensing to manufacture under the Holsman patents. The total amount for the 4 years came to $ 93,332. It is not known what patents were involved.

From the above it may be seen that their best financial year was 1907 when the disbursements were 95.6% of gross sales, and the factory payroll 29.6% of gross sales. Their poorest year was 1909 with the disbursements 118.1% of gross sales and their factory payroll 40.9% of gross sales.