BROKEN HILL PROFIT

Auckland Star, Volume LXXIII, Issue 199, 24 August 1942, Page 5

BROKEN HILL PROFIT

EXPLANATION OF DECLINE

£ fit ?L the Broke n Hill Propriety Co., Ltd., and its subsidiarv 2?P™ ess's . £811.138, a decrease of It is reached after providing anH lr L cr ® ase £298,240 for depreciation The n.r^ rease of . £65 >653 for taxation. i„ S com Panys net profit, as published 10 is s ' atci ? e ?t in the Star on Aug. Jl* *? m 2 '5,568 lower at £687,711. It i* £1 niqa a cut °in amo 3 fc o: despite pj>nt Ac ?J' ?► 7,2 per cent 6U per by this sum to U £ 72 % Carry forward 13 red "« d rf fws e ,. dl l ec S rs a "rtbut« the fall in profit to rfISSYI . , n *, conditions and the fact that, despite steeply rising costs, selling prices of the company s products have remained stationary. balance-sheet total Ls £30 298 - 755 against £27.043,592 a year earlier. Last two balance sheets compare as follows:

LIABILITIES 1941 1843 12,111,623 I3.8f2.889 fanare premiums 13.29S 1192s Reserve funds 4.785,000 4,199'713 Creduors. tax prov. .. 2,583,403 2.471 944 Owtag to subsicL. 641.322 612 825 Ban * 665,872 1.355,723 ASSETS Freehold and leasehold . 364.638 438 777 Plant (less deprec.) .. 8,544 325 8 714*825 Stocks and stores wftwi "insino 1,391.765 2,068,260 Shares in subsid 5,941,661 6 163 172 Shares and deb. in co's ' , listed on Stk. Ex. . 58,092 53 09'' and debs " 1,000,006 1,048^376 Government sec 135 o=,n 11S 11? Owing by subsids 1,050,983 1.114,484