Salomon IR 96 1 Q Page 5
Salomon Swapco Inc
Statement of Financial Condition
(Unaudited)
Dollars in thousands
March 31, 1996
December 31, 1995
Assets:
Cash
$ 10
$ 82
Securities purchased under agreements to resell
224,602
155,338
Investment securities
194,881
199,191
Customer derivative receivables
792,514
1,323,388
Prepaid expenses and other assets
20,408
22,372
Receivable from affiliates
8,422
899
Total assets
$1,240,837
$1,701,270
Liabilities and stockholder's equity:
Customer derivative payables
$ 706,963
$ 772,688
SBHC derivative payables
156,003
125,581
Deferred revenue
145,911
129,505
Payable to affiliates
707
679
Accrued expenses
797
2,290
2,449
4,208
Total liabilities
1,012,830
1,034,951
Stockholder's equity:
Preferred stock, $.01 par value, 500 shares
authorized, no shares issued or outstanding
Common stock, $.01 par value, 1 million shares
authorized, 1 share issued and outstanding
0
0
Additional paid-in-capital
172,000
622,000
Retained earnings
56,007
44,319
Total stockholder's equity
228,007
666,319
Total liabilities and stockholder's equity
$1,240,837
$1,701,270
The accompanying Summary of Accounting Policies and Notes to Financial Statements are integral parts of this
statement.
6
7
