HARNISH AND JORDAN
Drop In Profit Last Year
(New Zeatana Press Association) AUCKLAND, July 2.
Net profit of Harnish and Jordan, Ltd., manufacturers of Venetian blinds and other products. Auckland, fell £995 to £10.607 m the year ended March 31. The latest profit was reached after tax provision of £10.663 (a decrease of £l5BB from 1957-58) and depreciation of £9265 (a decrease of £401). In addition to the net profit, surplus tax of £195 (nil in 1958), and over-provided dividends of £340 (nil) have been written back. In the previous year there was a capital profit of £9OO Ordinary dividend is unchanged at 8 per cent., requiring £5360, and the fij per cent, preference payment absorbs £650.
General reserves have again been credited with £3OOO, and £650 (£3503 in 1958) has been written off goodwill. The net income exceeds these appropriations by £1482, increasing the amount carried forward to £10,432.
Stocks increased during the year by £40,987 to £105,412. Creditors rose by £33,794 to £76,518 and bank overdraft increased by £1730 to £35,214. Total net assets rose by £17,162 to £96,112. Paid capital was increased during the year from £67,(X' to £77,000 in 67,000 ordinary and 10.000 preference shares of £ 1 each by calling up the uncalled ordinary capital
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Bibliographic details
Press, Volume XCVIII, Issue 28937, 3 July 1959, Page 15
Word Count
209HARNISH AND JORDAN Press, Volume XCVIII, Issue 28937, 3 July 1959, Page 15
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