Consolidated balance sheet as at Mar. 31, 1946 (per books and pro forma giving effect to the purchase by Southern of the entire common stocks of Mississippi & Chattanooga, the investing of $4,400,000 in property additions by Southern, and refunding of Southern's bonds and notes) Consolidated balance sheet as at Mar. 31, 1946, etc.-Continued () Indicate red figures. . For explanation see footnote, to the text. in 1956, consummated May 8, 1946. Pro forma gives effect to the refunding of $388,000 principal amount of 4 percent first mortgage bonds due in 1956 with $300,000 principal amount of 2 percent serial notes, due APPENDIX E SOUTHERN NATURAL GAS COMPANY Statement of income for 12 months ended Mar. 31, 1946, (per books and pro forma giving effect to the proposed acquisition of all outstanding common stock of Mississippi, Chattanooga, and additional shares of stock of Southern Production Co., Inc., and the refunding of Southern's outstanding bonds and notes and other financing incidental thereto) • Includes $200,000 estimated dividends on common stock of companies to be acquired. ⚫ Rate reduction aggregating $1,200,000 has been ordered by FPC effective May 1, 1946. If said reduction had been in effect during the 12 months ended Mar. 31, 1946, gross income and net income would have been reduced by approximately $325,000. |