2019 BBNC Annual Report - Page 62

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