/2H7       d 1$&|&A%|Page #*7'GREIF BROS. CORPORATION AND SUBSIDIARY COMPANIES"'CONSOLIDATED BALANCE SHEETS'(Dollars in thousands) 'ASSETS'October 31,  'CURRENT ASSETS 'Cash and cash equivalents g |{%'Canadian government securities L %J2 'Trade accounts receivable -- less allowance0 'of $826 for doubtful items ($789 in 1995)  0@  `@ 'Inventories  @@  N@! 'Prepaid expenses and other  ?  b@'Total current assets 8A h(A'LONG TERM ASSETS-'Cash surrender value of life insurance   'Interest in partnership '-- C#'Goodwill - less amortization   '--'Other long term assets  A {9 *2'PROPERTIES, PLANTS AND EQUIPMENT -- at cost*'Timber properties -- less depletion   'Land * +'Buildings @ @!'Machinery, equipment, etc. A  PA'Construction in progress @U@ 3@$ 'Less accumulated depreciation  i  G  " A "8A $HEA $8A+('LIABILITIES AND SHAREHOLDERS' EQUITY)'October 31, ) )*'CURRENT LIABILITIES+'Accounts payable +y{ +@/,'Current portion of long term obligations , ,--'Accrued payrolls and employee benefits -# -*.'Accrued taxes -- general . ./'Taxes on income /. /~ 1'Total current liabilities 1@ 1 @4'LONG TERM OBLIGATIONS 4X 47"6'OTHER LONG TERM LIABILITIES 6.< 6G8'DEFERRED INCOME TAXES 8XY 84":'Total long term liabilities :@@ :r@<'SHAREHOLDERS' EQUITY'='Capital stock, without par value =J# =J#>'Class A Common Stock:$?'Authorized 32,000,000 shares; @'issued 21,140,960 shares;$A'outstanding 10,873,172 sharesB'Class B Common Stock:.C'Authorized and issued 17,280,000 shares$D'outstanding 12,001,793 sharesE'(13,201,793 in 1995)G'Treasury stock, at cost G`q G.H'Class A Common Stock: 10,267,788 shares-I'Class B Common Stock: 5,278,207 sharesJ'(4,078,207 in 1995)L'Retained earnings LA LA(N'Cumulative translation adjustment Ny N PsA PԼA RHEA R8A S SBT'See accompanying Notes to Consolidated Financial Statements7W'GREIF BROS. CORPORATION AND SUBSIDIARY COMPANIES,X'CONSOLIDATED STATEMENTS OF CASH FLOWSY'(Dollars in thousands)&['For the years ended October 31, [ [ [,\'Cash flows from operating activities:]'Net income ]`@ ]\@ ]@{@*^'Adjustments to reconcile net income(_'to net cash provided by operating`'activities:"a'Depreciation, depletion andb'amortization b4g bY bTc'Deferred income taxes c\$ c c"d'(Gain) loss on disposals of'e'properties, plants and equipment ed e e'f'Increase (decrease) in cash from$g'changes in certain assets and"h'liabilities, net of effectsi'from acquisitions: j'Trade accounts receivable j j jk'Inventories k k k!l'Prepaid expenses and other l l lm'Other long term assets m m mn'Accounts payable n n n)$o'Accrued payrolls and employeep'benefits p p p q'Accrued taxes -- general q q qLr'Taxes on income rI r r!"s'Other long term liabilities s s s%t'Net cash provided by operatingu'activities u @ u@ u v@,v'Cash flows from investing activities:(w'Acquisitions of companies, net ofx'cash acquired x x'-- x"--"y'Disposals of investments inz'government securities z z# zV"{'Purchases of investments in|'government securities |E | |&}'Purchases of properties, plants~'and equipment ~) ~@ ~@+'Proceeds on disposals of properties,'plants and equipment S  ,'Net cash used by investing activities `%   V,'Cash flows from financing activities:%'Proceeds from issuance of long'term debt A, . !'Payments on long term debt   <)'Payments on short term obligations  '-- "--%'Acquisitions of treasury stock '--  'Dividends paid T l M,'Net cash used by financing activities   .'Foreign currency translation adjustment   \*'Net increase (decrease) in cash and'cash equivalents D  -'Cash and cash equivalents at beginning'of year |{ gs kx/'Cash and cash equivalents at end of year g |{ gsB'See accompanying Notes to Consolidated Financial Statements