COMPANY AFFAIRS.

Auckland Star, Volume LXX, Issue 30, 6 February 1939, Page 6

COMPANY AFFAIRS.

IMPERIAL CHEMICALB (A. AND N. 2.).

NET PROFIT £349,478,

ADDITION TO RESERVES

of Imperial Chemical Industries I "i Australia and \civ Zealand, Limited, ; lor the year ended September .SO, after , providing for taxation, was £340.478. cum- | pared with i.'.'il.'l.li<)ti latter transferring j t" i e.t|:> itimi and revaluation oi Mixed a--cts leseivci in the \ear befure. and with L"- > .in..") 04 in HKla-.'iO. The pi.iiit I'"" t III! year eiitlc.l September 30 has ahead.*' been announced in a preliminary (statement issued by the company, but the I leport and balance-sheet just issued give I full details. | Frtiiu the year's profit of £340.478, the j following deductions aie made:- Ralancc ■ of pi efer-ence issue expenses. £'.>Bl-1; pi .iI visit,n t fur preference dividend accrued, i £' S 7'J.'>; provasioii fur share tlist i ibilt ion to ordinary shareholders in lieu of 8 per cent dividend. I'JIW.OOfi,- leaving £30.330. To this is addfd balance forward, £K4.5"2, and transfer by special dividends tiom profit and loss balances of subsidiary companies £82.1.5(1. making a total of £200.304. I'ioiu this an appropriation of £lri(l.000 is nititle to general reserve, leaving £0(i,364 to be carried forward. N"et profits of the wholly owned subsidiary companies, after provision for taxation. were £274.604. of which £2.V>,7f»0 j was paid in dividend.-?. The amount pro- ' \ ided during the year by the conipani(-s and its wholly owned subsidiaries for ■ b in eei.it ion was £47,!H>1, and for taxation j COO.OIO. All factories were maintained in good , older, ,-nid material extensions were mad-\ j I he {..iltfields at Port Adelaide were conij pleted and s it isfaetery progress was made with the erection of the alkali factory at . Osborne. Pal Hice-sheet items over the last two years compare as tindei .\s at Sept. :to. i 0.",7. l'.»::s. £ c Tnili 350.000 1.071.000 I 1.-lit "rs 128.000 10.'!.000 sin ks . 3r.-j.ooo :::::i.niiii In vest men ts 2.74."i.000 3.3'i'i.no 1 PrnpHrty. plant .... 1.TJ.000 1 sIIOII I'atents. goodwill .. 2811.000 'jso.oii'i I,labilities — Pa pi till 3.405.000 4.030.000 Cciicral i-'-serve .... 1110.0110 0.-,o.o<i'i , I'l-utit anil less aeet. 5.'.000 5(1,000 I'revisimi fer pref. 11 ivi 11 e 1111 8,700 Provision for share tlisl r .lull ion 205.0(10 200.000 Trillin ereilitors .... 00.000 77.000 j Provision for taxation. etc — 57,0001 I