COLONIAL SUGAR
BALANCE-SHEETS COMPARED. As reported on Tuesday, the Colonial Sugar Refining Company. Ltd.. made a net profit of £1,034.331 for the year ended March 31, a decrease of £49,413. The report, now available, states that owing to adverse weather the production from the company's mills in Australia was slightly less than that of the previous year. There was a small Increase In the output ot the Fiji mills. The estimate of the amount of cane available to the Queensland mills for the coming season is about the same as for last year. Chief items In the balance-sheet In the past three years are:— LIABILITIES 1939 1940 1941 £ £ £ Capital 11,700,000 11,700,000 11,700,000 Reserves 950,000 1,050,000 1,150.000 Depreciation .. 3.870.539 4,092.025 4,351,538 Creditors 2,136,762 3,112.419 3.392.484 Suspense Ace. .. 2.437,455 2,530,052 2,913,399 P. and L 1,001,394 1,069,638 1,029,469 ASSETS Refineries 4,701.463 4,162,335 4,875.683 Mills (Aust.) ... 4.143.109 4.199,736 4,249/858 Mills (Fiji) 1.479.838 1.541.107 1,618.027 Working Stocks . 693,624 897,072 1,142,366 Sugar stocks, etc 3,482.634 4,317,321 4,9(3,381 Debtors 415,294 403,078 699,384 Cash 3,022,574 3,284,710 2,273,008 Investments ... 3,239,977 2,876,582 3,213,291
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Bibliographic details
Auckland Star, Volume LXXII, Issue 119, 22 May 1941, Page 4
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173COLONIAL SUGAR Auckland Star, Volume LXXII, Issue 119, 22 May 1941, Page 4
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