COMPANY AFFAIRS.
BIG ADVANCE. GEAR MEAT COMPANY. PROFITS TOTAL £31,302. A sharp advance In net profits from £••-'0,462 to £31,302, is recorded in the annual accounts ot the Gear Meat Company for the year ended November 30. With the carry forward from last year there is a credit of £32.477. which the directors recommend shall he appropriated as follows:—Payment of a dividend of 9d per share, less an interim of 3d pershare paid in June, a taxation provision of £12,400, and £8377 to be carried forward. Following is a comparison of the company's results for the past three years: — 1935. 1030. 1037. „ £ £ £ Brought forward. 0,035 3,713 (i *.»'."i Xet profit 14,028 20.462 31,'502 „ , 20.903 24,173 38.2L'7 Reserve for taxes — — l-> 40f> Dividend, 7J p.e. 17,250 17,250 17',230 Carried forward 3,713 0,925 ~5^577 Chief items in the balance-sheet areLiabilities: Paid capital £230,000. sundry creditors £66,467, reserves £89,234. Assets: Properties and plant £56.130, cash £26,816, money on deposit £130 000 inscribed stock £88,889, sundry debtors £l?b 7 fsi, etock £0»'595; total assets £418,L8. t
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https://paperspast.natlib.govt.nz/newspapers/AS19371210.2.42
Bibliographic details
Auckland Star, Volume LXVIII, Issue 293, 10 December 1937, Page 4
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172COMPANY AFFAIRS. Auckland Star, Volume LXVIII, Issue 293, 10 December 1937, Page 4
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