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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

(In Thousands)

    

2018

    

2017

    

2017

 

 

 

 

 

 

 

 

 

 

 

 

Current Assets

 

$

583

 

$

551

 

$

514

 

Long-Term Assets

 

 

39,192

 

 

40,875

 

 

39,843

 

Total Assets

 

$

39,775

 

$

41,426

 

$

40,357

 

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities

 

$

 1

 

$

201

 

$

 5

 

Long-Term Liabilities

 

 

583

 

 

 —

 

 

 —

 

Total Liabilities

 

 

584

 

 

201

 

 

 5

 

 

 

 

 

 

 

 

 

 

 

 

Members’ Equity

 

 

39,191

 

 

41,225

 

 

40,352

 

 

 

 

 

 

 

 

 

 

 

 

Total Liabilities and Members’ Equity

 

$

39,775

 

$

41,426

 

$

40,357

 

 

 

 

 

 

 

 

 

 

 

 

Rent Revenue on Operating Lease

 

$

8,787

 

$

11,520

 

$

22,873

 

Expenses

 

 

1,417

 

 

1,534

 

 

2,905

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

7,370

 

$

9,986

 

$

19,968