FACTS FOR INVESTORS.

Auckland Star, Volume LXVII, Issue 21, 25 January 1936, Page 4

FACTS FOR INVESTORS.

N.Z. REFRIGERATING CO. j BALANCE-SHEETS COMPARED. The annual report and balance-sheet of the New Zealand Refrigerating Company, Limited, for the year ended October 31, 1935, which will be presented to shareholders at the 48th annual general meeting on February 12. shows that, as disclosed in the preliminary statement already published, net profit amounted to £75,670 8/7, compared with £90,952 11/0 for the previous period. Dividend on' paid-up capital is unchanged at 5% per cent. The report states that extensive additions have been made at the Burnside [ works in order to cope with "the increased supplies in the district; and of this expenditure, £20,000 has been charged against the rebuilding reserve created last year. Main items of the balance-sheet in the last two years compare as follow: — At October 31, 1035. 1034. LIABILITIES— £ £ Paid-up capltnl 030,310 036,310 Secured debentures ... 150,000 00,000 Reserve account 100,000 60,000 Secured creditors 19,703 80,122 Bills payable, sundry creditors, provision for tax, etc 430,774 405,700 Amount due to subsidiary companies .... 208 -04 Balance from prolit and loss account 75,670 00,053 .ASSETS— Land, buildings, machines, plant, etc 708,702 717,048 Secured debentures on I'ukeurl works 100,000 100,000 Investments 72,040 70,222 Sundry debtors 03,408 73,004 Stocks 318,239 282,778 Short call and cash ... 130,000 _4_,0.)4 Duo by sub. companies. 55,342 408 ( PROFIT ANP LOSS ACCOUNT. r £. £ S By transfer fees 142 — I „ Balance after pro- | vision for repairs, , taxation and suudry • contingencies .... 117,275 ( £117,417 r To directors' fees 1,200 I „ Debenture interest . 5,074 % „ General expenses, rent, salaries, etc. . 33,302 " ■Re-issue debs, cost . 2,170 1

„ lie-issue ueus. cost . _,x.v " 41,741 111 „ "Balance carried to __ n _ r balance-sheet 7u,67C £117.417