PROGOLD LIMITED LIABILITY COMPANY

9 Months Ended

Sep. 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:

	September 30,				December 31,
(In Thousands)	2017		2016		2016
Current Assets	$	533	$	137	$	125
Long-Term Assets		40,352		44,906		42,086
Total Assets	$	40,885	$	45,043	$	42,211
Current Liabilities	$	113	$	412	$	407
Long-Term Liabilities		—		100		0
Total Liabilities		113		512		407
Members’ Equity		40,772		44,531		41,804
Total Liabilities and Members’ Equity	$	40,885	$	45,043	$	42,211
Rent Revenue on Operating Lease	$	17,200	$	17,226	$	22,837
Expenses		2,236		8,922		11,866
Net Income	$	14,964	$	8,304	$	10,971