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(b) This account shall be subdivided as follows by all air carrier groups:

87.1 Interest on Debt Principal.

87.2 Amortization of Discount and Expense on Debt.

87.3 Amortization of Premium on Debt. 88 Miscellaneous Nonoperating Credits. Record here all credits of a nonoperating character not provided for otherwise, such as royalties from patents, and gains from the reacquisition and retirement or resale of debt securities issued by the air carrier.

89 Miscellaneous Nonoperating Debits. Record here all debits of a nonoperating character not provided for otherwise, such as fines or penalties imposed by governmental authorities; costs related to property held for future use; donations for charitable, social or community welfare purposes; and losses on reacquired and retired or resold debt securities of the air carrier. This account shall be charged with amortization of amounts carried in balance sheet account 1870 Property Acquisition Adjustment unless otherwise approved or directed by the Civil Aeronautics Board. Section 15-Objective Classification-Income Taxes for Current Period

91 Provision for Income Taxes.

(a) Record here quarterly provisions for accruals of Federal, State, local and foreign taxes based upon net income, computed at the normal tax and surtax rates in effect during the current accounting year. In general, this account shall reflect provisions within

each period for currently accruing tax liabilities as actually or constructively computed on tax returns, and any subsequent adjustments. This account shall include credits for refund claims arising from the carryback of losses in the year in which the loss occurs, credits for the carryforward of losses in the year to which the loss is carried, and investment tax credits in the year in which each credit is utilized to reduce the liability for income taxes. (See section 2-6.) (b) This account shall be subdivided as follows by all carrier groups:

91.1 Income Taxes Before Investment Tax Credits. Record here accruals of income

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93

Investment Tax Credits Deferred and
Amortized.

(a) Record here investment tax credits of the current period which are transferred to balance sheet account 2345 Deferred Investment Tax Credits in accordance with the provisions of balance sheet account 2131 Accrued Federal Income Taxes. This account shall also include amounts for previously deferred investment tax credits amortized during the current period.

(b) This account shall be subdivided as follows by all carrier groups:

93.1 Investment Tax Credits Deferred. 93.2 Amortization of Deferred Investment Tax Credits.

[ER-437, 30 F.R. 8830, July 14, 1965]

Section 16-Objective Classifica-
tion-Special Items

96 Special Income Credits and Debits (Net).

Record here extraordinary income credits or debits accounted for during the current accounting year, in accordance with the provisions of section 2-7. Records supporting entries to this account shall be maintained with sufficient particularity to identify the nature and gross amount of each special income credit and each special income debit. 97 Special Income Tax Credits and Debits (Net).

Record here income taxes allocable to items of income included in profit and

loss account 96 Special Income Credits and Debits (Net) and other extraordinary income tax assessments that do not constitute ordinary adjustments of a recurrent nature, in accordance with the provisions of section 2-7. Records supporting entries to this account shall be maintained with sufficient particularity to identify the nature and gross amount of each special credit and each special debit.

[ER-437, 30 F.R. 8830, July 14, 1965]

GENERAL REPORTING PROVISIONS

ROUTE AIR CARRIERS

Section 21-Introduction to System of Reports

(a) Each route air carrier subject to the Federal Aviation Act of 1958, as amended, shall file with the Civil Aeronautics Board, monthly, quarterly, semiannual and annual CAB Form 41 reports of financial and operating statistics as prescribed herein unless waiver is made by the Civil Aeronautics Board.

(b) The system prescribed provides for the submission by each air carrier of five classes of financial and operating statistics, on individual schedules of the CAB Form 41 report, grouped as follows: A. Certification.

B. Balance Sheet Elements.

P. Profit and Loss Elements.

T. Traffic and Capacity Elements.
G. General Corporate Elements.
D. National Defense Elements.

(c) The prescribed system of reports provides that the frequency of reporting shall be monthly for some schedules, quarterly for some and annually for oth

ers. It also provides in some areas for the classification of air carriers into Group I, Group II and Group III with the form and content differentiated as between groups.

(d) Each schedule of the prescribed CAB Form 41 report has been assigned a specific code. The prefix alphabetical codes A, B, P, T, G, and D, respectively, have been employed to denote certification, balance sheet, profit and loss, traffic and capacity, general corporate, and national defense elements. The digits immediately following the alphabetical prefix designate the particular schedule.

(e) Each air carrier shall submit to the Office of Carrier Accounts and Statistics, Civil Aeronautics Board, Wash

ington, D.C., four (4) copies of each schedule, except as hereinafter indicated in section 22 General Reporting Instructions. All schedules are set up in units of eight sheets each with snap-out interleaf carbons between sheets. The first sheet of each set is of white opaque paper and the second of white translucent paper. The third, fourth, and fifth sheets are of green opaque paper and the sixth, seventh, and eighth are of buff opaque paper. The data columns of the first sheet of certain schedules are separated by perforations to permit disassembly for clipboard statistical processing. The remaining sheets are unperforated and are of a format which permits filing within binders designed for standard 82" x 14" sheets. The four copies of each schedule filed with the Civil Aeronautics Board shall be comprised of the original white sheet and the three green sheets.

(f) Wherever practicable the sheets have been designed to permit machine tabulation. Upon approval by the Civil Aeronautics Board, the carrier may supply its own continuous-feed forms provided each schedule conforms with the specifications of the forms prescribed herein.

(g) A good quality black ribbon shall be used in preparing the original copy of each schedule submitted to the Civil Aeronautics Board. In no event shall ditto or similar processes be used nor shall any information be typed on the reverse side of copies submitted to the Civil Aeronautics Board.

(h) Conversion to this system of reports. Cumulative 12-month totals hereinafter prescribed in this system of reports are waived until report for the 12 months ended December 31, 1957, with respect to the following items:

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Item 9681-aircraft days assigned to service-carrier routes; Item 9683-revenue hours per aircraft per daycarrier routes; and Item 9867 through 9978, inclusive.

(1) Separate entities shall be established for the purpose of submitting the reports hereinafter prescribed. As a general rule separate reports shall be made for entities comprised of: (1) domestic or combined domestic and Canadian transborder operations; (2) territorial or combined territorial and domestic operations; and (3) international or combined international and territorial operations. With respect to the latter

Air carriers

AAXICO Airlines, Inc-

two general classifications, separate reporting entities shall be established for operations via the Atlantic or Pacific Oceans and within the Alaskan or Latin American areas. The reports to be submitted by each entity shall be comparable to those required of a distinct legal entity whether the reporting entity constitutes such an entity, a semi-autonomous physically separated operating division of the air carrier, or an entity established for reporting purposes only. The application of the above general rule to be made by the different air carriers with regard to the entities for which separate reports shall be made is set forth below in the list entitled Route Air Carrier Reporting Entities.

ROUTE AIR CARRIER REPORTING ENTITIES

Aerovias Sud Americana, Inc.. Airlift International, Inc__.

Alaska Airlines, Inc.--.

Alaska Coastal-Ellis Airlines--

Allegheny Airlines, Inc..

Aloha Airlines, Inc---

American Airlines, Inc---

Bonanza Air Lines, Inc............. Braniff Airways, Inc-----

Caribbean-Atlantic Airlines, Inc_---

Central Airlines, Inc--

Chicago Helicopter Airways, Inc..
Continental Air Lines, Inc..

Cordova Airlines, Inc----

Delta Air Lines, Inc--

Eastern Air Lines, Inc---.

Operations abbreviations

Dom-Cargo

Int/Ter-Latin Amer

Dom-Cargo

Ter/Dom-Latin Amer

Ter/Dom-Alaska

Dom/Can-Special

Dom-Local

Dom-Special

Dom/Can-Trunk

Int/Ter-Latin Amer

Dom-Local

Dom-Trunk

Int/Ter-Latin Amer

Ter/Dom-Latin Amer

Dom-Local Dom-Special Dom-Trunk

Dom-Special

Dom-Trunk

Int/Ter-Latin Amer

Dom/Can-Trunk

Ter/Dom-Latin Amer

Int/Ter-Atlantic

Int/Ter-Latin Amer

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(j) As a general rule separate reports shall be filed for the air carrier and any associated company air carriers as defined in section 03. However, transactions of associated companies in which 100 percent equity control resides in the reporting air carrier shall be consolidated with transactions of the reporting air carrier when such associated companies perform services related to the transport operations of the reporting air carrier almost exclusively and are not engaged in air transportation for their own account.

How

(k) Generally, nonscheduled services shall be treated as an integral part of the reporting entity to which most closely related without regard to the geographic area in which such nonscheduled services may actually be performed. ever, supplemental reports shall be made of nonscheduled services (including services for the defense establishment) in areas not encompassed by the prescribed reporting entity in any month in which the available ton-miles of such nonscheduled services exceed 5 percent of the total available ton-miles of the reporting entity. Such supplemental reports shall continue until waived by the Board upon a showing that such nonscheduled operations will not in the subsequent 12-month period exceed the 5 percent limit. The supplemental reports to be filed each month or calendar quarter, as applicable, shall be comprised

Int/Ter-Pacific

Dom-Local
Dom-Special
Dom-Special

Int/Ter-Atlantic

Dom-Cargo
Dom-Local

Int/Ter-Pacific

Ter/Dom-Latin Amer

Dom-Local

Dom-Trunk

Int/Ter-Atlantic

Dom/Can-Trunk

Ter/Dom-Pacific

Dom/Can-Local

Dom/Can-Trunk

Int/Ter-Latin Amer
Dom-Special
Dom/Can-Special

of report schedules D-1, P-5, T-1, and T-3. Transport and nontransport revenues pertaining to such separately reported nonscheduled services shall be reflected on schedule P-2 each quarter with appropriate cross-references inserted on schedules P-3 and P-4, as applicable. In addition, airport activity data reported on the regular schedule T-4 shall be subdivided and appropriately identified at each airport for services encompassed by the prescribed reporting entity and for nonscheduled services not encompassed by the prescribed reporting entity.

(1) When and as required in the national interest, any air carrier which performs nonscheduled transport services for the defense establishment of the United States shall, when directed by the Board, make separate reports for such services as if they were conducted by a physically separated transport entity. Such reports shall consist of schedules P-1 through P-9, T-1 and T-3. The letter "D" shall be inserted on such reports, following the schedule number of each P and T schedule. Where a carrier has more than one reporting entity, nonscheduled transport and nonscheduled defense services shall be assigned to the reporting entity to which more closely related.

[ER-327, 26 F.R. 4222, May 16, 1961, & amended by ER-369, 2'7 F.R. 12819, Dec. 28, 1962; ER-417, 29 F.R. 13530, Oct. 1, 1964)

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P-3

P-3(a)
P-4

Income taxes

P-5.1.

P-5.2. P-6....

P-7.

Transport revenues; depreciation and amortization; nonoper-
ating income and expense (net).

Incidental Revenues-Net; Explanation of Special Items; Ex-
planation of Deferred Federal Income Tax Adjustments, Divi-
dends Declared and Retained Earnings Adjustments.
Aircraft Operating Expenses-Group I Air Carriers.
Aircraft Operating Expenses-Group II and Group III Air Carriers.
Maintenance, Passenger Service, and General Services and Ad-
ministration Expense Functions-All Air Carrier Groups.
Aircraft and Traffic Servicing, Promotion and Sales, and General
and Administrative Expense Functions-Group II and Group
III Air Carriers.

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1 In accordance with the provisions of §§ 235.4 and 235.5 of Part 235 of this subchapter. The deck of machine accounting punch cards and Schedule T-5-Monthly Listing of Summarized Passenger Loads by Flight Stages-Local Service Air Carriers shall be filed simultaneously with the submission of CAB Form 545" Air Carrier's Claim for Subsidy,'

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