BUSINESS PERCENTAGE
OF OWNERSHIP 2019 2018
PW/Sidecar Investors, LLC Real Estate 9.06 2,340 —
JL Assurance-Turtle, LLC Real Estate 9.05 212 —
JL-BBNC Co Investment, LLC Real Estate 15.66 1,660 —
Financing 15.94 934 661
$ 33,154 29,994
JL Assurance Mezzanine Partners, LLC
Summarized combined unaudited financial information as of and for the years ended March 31 for the Corporation’s
equity method investments is as follows (in thousands):
Current assets
$
Noncurrent assets
$
TOTAL ASSETS
Current liabilities
$
2019 2018
62,140 67,584
538,485 541,856
600,625 609,440
49,270 22,938
Noncurrent liabilities 344,858 352,805
Equity 206,497 233,697
600,625 609,440
$
TOTAL LIABILITIES AND EQUIT Y
Revenues
2019 2018 259,551 137,856 57,034
248,116 141,367 60,843
$ 11,435 (3,511) (3,809)
$ 2,756 (734) (482)
$
Expenses
NET EARNINGS (LOSS)
Equity in earnings (losses) of affiliates allocable to the Corporation
2017
In July 2018, the Corporation sold 51% of its wholly owned subsidiary Bristol Industries, LLC and recognized a gain of $6.8
million from the sale.
Investment earnings include the following (in thousands):
YEARS ENDED MARCH 31
Earnings on investments
$
Lease revenue from portfolio
$
60
BBNC FY2019 ANNUAL REPORT
2019 2018 2017
167 98 165
2,212 2,153 2,088
2,379 2,251 2,253