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PROGOLD LIMITED LIABILITY COMPANY
 6 Months Ended
Jun. 30, 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

(In Thousands)

    

2017

    

2016

    

2016

 

 

 

 

 

 

 

 

 

 

 

 

Current Assets

 

$

551

 

$

157

 

$

125

 

Long-Term Assets

 

 

40,875

 

 

47,685

 

 

42,086

 

Total Assets

 

$

41,426

 

$

47,842

 

$

42,211

 

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities

 

$

201

 

$

401

 

$

407

 

Long-Term Liabilities

 

 

 —

 

 

200

 

 

 0

 

Total Liabilities

 

 

201

 

 

601

 

 

407

 

 

 

 

 

 

 

 

 

 

 

 

Members’ Equity

 

 

41,225

 

 

47,241

 

 

41,804

 

 

 

 

 

 

 

 

 

 

 

 

Total Liabilities and Members’ Equity

 

$

41,426

 

$

47,842

 

$

42,211

 

 

 

 

 

 

 

 

 

 

 

 

Rent Revenue on Operating Lease

 

$

11,520

 

$

11,566

 

$

22,837

 

Expenses

 

 

1,534

 

 

5,936

 

 

11,866

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

9,986

 

$

5,630

 

$

10,971