N.Z. NEWSPAPERS, LTD.

Auckland Star, Volume LXXVI, Issue 101, 1 May 1945, Page 3

N.Z. NEWSPAPERS, LTD.

YEAR'S ACCOUNTS PRESENTED The accounts of New Zealand Newspapers, Ltd., for the year ended March 31, show a net profit of £43,220, compared with £41,168 last year and £40,762 in 1943. After payment of the final dividend in 1944. the balance brought forward was £46,569. The interim dividend of 8d a share paid in October required £19,916, leaving £69,873 available. The directors propose a final dividend of 8d a share, making 1/4 a share for the year, unchanged. leaving £49,956 to be carried forward. The profit and loss account shows gross profit at £165,658, against £149,611 last year, while expenses, including directors fees and taxation, totalled £131,515, compared with £118,042 last year. . Balance-sheet items, with variations from the 1944 balance-sheet, are:— Liabilities £ -* Paid capital iSZ'SiS SSt Reserves ....: i£'S2l ?^?f •Creditors 128.986 —3.871 P. and L. account $9,873 +3,387 Assets Properties 168.680 —1,051 Copvrlshfc. etc 120.000 Same Machinery and plant 87.847 —8.304 Stocks 144,559 +2.41J Debtors 32.055 +5,918 Shares In subsidiary .... 19,000 Swne Investments 193,161 + l -™ 2 Bank and cash 58,473 + 85» Total asset* 803,776 —58* •Includes taxation. The retiring directors eligible for reelection at the annual meeting on May 10 are Messrs W. Goodfellow and T. W. Perry.