Aztec Land and Cattle Company, Limited Annual Report: Year Ended December 31, 2011

February 27, 2012

Aztec Land and Cattle Company, Limited (OTCPink: AZLCZ.PK) reported revenues on an income tax basis for its year ended December 31, 2011 increased 168% to $455 thousand compared to revenues of $170 thousand during 2010.  Revenues in 2011 benefited from a gain on sale of land and membership interest of $191 thousand, interest income of $92 thousand and miscellaneous revenue of $85 thousand versus $1.5 thousand, $74 thousand and $5 thousand in 2010, respectively.

On an income tax basis, revenue exceeded expenses by $95 thousand or $0.94 per share during 2011 compared to expenses exceeding revenues by $(148) thousand or $(1.47) per share during 2010.  The positive results for 2011 were the result of higher revenues even though expenses increased 13.3% when compared to 2010.

As of December 31, 2011, the income tax basis balance sheet reflected total assets of $5.25 million and total liabilities of $3.18 million.  During 2011, shareholders’ equity increased 4.8% to $2.07 million

Aztec Land and Cattle Company, Limited owns and manages over 200,000 acres of land located primarily in Navajo County, Arizona.

Source: Aztec Land and Cattle Company, Limited


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