PROGOLD LIMITED LIABILITY COMPANY

3 Months Ended

Mar. 31, 2017

PROGOLD LIMITED LIABILITY COMPANY

PROGOLD LIMITED LIABILITY COMPANY

NOTE 3 – PROGOLD LIMITED LIABILITY COMPANY

The Cooperative has a 49% ownership interest in ProGold Limited Liability Company (“ProGold LLC”).  Following is summary financial information for ProGold LLC, which were derived from the monthly unaudited financial statements of ProGold LLC:

	March 31,				December 31,
(In Thousands)	2017		2016		2016
Current Assets	$	5,718	$	463	$	125
Long-Term Assets		41,198		50,346		42,086
Total Assets	$	46,916	$	50,809	$	42,211
Current Liabilities	$	307	$	401	$	407
Long-Term Liabilities		—		300		0
Total Liabilities		307		701		407
Members’ Equity		46,609		50,108		41,804
Total Liabilities and Members’ Equity	$	46,916	$	50,809	$	42,211
Rent Revenue on Operating Lease	$	5,617	$	5,756	$	22,837
Expenses		812		2,957		11,866
Net Income	$	4,805	$	2,799	$	10,971