Hi folks. Complete the Papers Past survey to let us know what you’d like added over the next few years. ×
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.


CHANGES IN THE ACCOUNTS Explaining changes in the accounts of the New Zealand Farmers' Fertilizer Company, which were adopted at the annual meeting to-day, the chairman, Mr. S. Irwin Crookes, said the substantial increase of £155,518 in the balance-sheet total to £821,650 was due to an increase in open accounts of £90,927, and of sundrv creditors of £51,563. There was, he said, no cause to be disturbed over the magnitude of these accounts as they were more than offset by liquid assetg totalling £429,242, giving an excess of £103.792 over current liabilities. Buildings, Plant, etc., stood at £22,597 less than last year, Mr. Crookes added, but the actual depreciation written off was £32,178, the difference representing additions during the year. War loan investments increased from £15,000 to £25,000. Gross profit was £162,510, a rise ot £18,426. Under war risk insurance over £11.000 was recovered in connection with a sulphur cargo, and this was brought into the accounts. A greater sum than this had been placed with the Treasury for deferred maintenance. Costs continued to rise, and wages showed an increase of 24 per cent over last year. rteserves, Including undistributed profits, now stood at £73,725. The retiring directors. Messrs. H. R. Mackenzie and A. S. Sutherland, were re-elected.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item


Bibliographic details

FARMERS' FERTILIZER, Auckland Star, Volume LXXVI, Issue 186, 8 August 1945

Word Count

FARMERS' FERTILIZER Auckland Star, Volume LXXVI, Issue 186, 8 August 1945

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.