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PROGOLD LIMITED LIABILITY COMPANY
 3 Months Ended
Mar. 31, 2018
PROGOLD LIMITED LIABILITY COMPANY  
PROGOLD LIMITED LIABILITY COMPANY

NOTE 3 – PROGOLD LIMITED LIABILITY COMPANY

 

The Cooperative has a 49% ownership interest in 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)

    

2018

    

2017

    

2017

 

 

 

 

 

 

 

 

 

 

 

 

Current Assets

 

$

661

 

$

5,718

 

$

514

 

Long-Term Assets

 

 

39,212

 

 

41,198

 

 

39,843

 

Total Assets

 

$

39,873

 

$

46,916

 

$

40,357

 

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities

 

$

15

 

$

307

 

$

 5

 

Long-Term Liabilities

 

 

292

 

 

 —

 

 

 —

 

Total Liabilities

 

 

307

 

 

307

 

 

 5

 

 

 

 

 

 

 

 

 

 

 

 

Members’ Equity

 

 

39,566

 

 

46,609

 

 

40,352

 

 

 

 

 

 

 

 

 

 

 

 

Total Liabilities and Members’ Equity

 

$

39,873

 

$

46,916

 

$

40,357

 

 

 

 

 

 

 

 

 

 

 

 

Rent Revenue on Operating Lease

 

$

4,139

 

$

5,617

 

$

22,873

 

Expenses

 

 

669

 

 

812

 

 

2,905

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

3,470

 

$

4,805

 

$

19,968