HIGHER NET PROFIT
WHITTOME, STEVENSON AND CO. A net profit of £2451 (after taxation), compared with £2186 last year and £1887 in 1943. is shown in the accounts of Whittome, Stevenson and Co., Ltd., for the year ended June 30. The result is reached after providing for depreciation of buildings, etc., reserving £7175 for deferred maintenance and writing off all bad and doubtful debts. The sum of £5820 has been set aside for taxes (£3O4S last vear), leaving £2451, which, added to the carry-forward, gives £4103. The directors recommend a dividend of G per cent (unchanged), which absorbs £1845, leaving £2258 to be carried forward. Results for three years are — 1943 1944 1945 Brought forward .. £1269 £1311 Net profit £1887 £2186 £2451 £3156 £3497 £4103 Amouut, d p ' e '..::::: »«« ems A Carried forward £1311 £1652 £2258 In the balance-sheet stocks stand at £20,078. a decrease of £1194 on last year, and new Items in assets are bank balance, £3365, and £1250 in War Loan stock. Sundry debtors are £932 higher at £7704. The retiring director eligible for reelection is Mr. Conrad Robinson.
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Bibliographic details
Auckland Star, Volume LXXVI, Issue 199, 23 August 1945, Page 3
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182HIGHER NET PROFIT Auckland Star, Volume LXXVI, Issue 199, 23 August 1945, Page 3
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