STANDARD INSURANCE.
DETAILS OF EARNINGS. MOVEMENTS IN BALANCE-SHEET. Fuller details of the accounts of the Standard Insurance Company, Limited, of Dimediri; than were published in the "Star" on August 10 are now available, and movements of the balance-sheet in the past year are as under:—
> IilASILJTIES. Variation £ £ Paid capital 200,000 Same Reserve fund 320,000 +10,000 nexpired rieks res. . 130,000 +7,000 S«c. d«p- reserve 28,068 +2,513 Taxation provision .. 35,000 +17,500 Creditors \ 20,301 +1,027 Unpaid claims 42,880 +170 Profit and lose 37,112 +2,281 ASSETS. Lioane on mortgage .. 21,750 +1,200 Offices 94.060 —11,130 Govt. securities 568,500 +30,900 Municipal debt., etc. . 11,387 +10,887 Deposit stocks & shares 43,714 +3,550 Fixed deposits 2,750 +1,000 Accrued int. and rents 5,746 +522 Bank 39,809 +9,169 Head office and branch balances .' 25,556 —5,607 The income of the company was £222,307, compared with £22,767 last year. The final dividend of 1/3 a share will be payable on September 2, making 12% per cent for the year, unchanged.
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https://paperspast.natlib.govt.nz/newspapers/AS19400819.2.26.10
Bibliographic details
Auckland Star, Volume LXXI, Issue 196, 19 August 1940, Page 4
Word Count
157STANDARD INSURANCE. Auckland Star, Volume LXXI, Issue 196, 19 August 1940, Page 4
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