TURNBULL AND JONES YEAR
Profit Down 26 Per Cent. (New Zealand Press Association) WELLINGTON, August 7. Consolidated net profit of Turnbull and Jones, Ltd., fell £14,228, or 25.7 per cent., to £41,194 in the year to March 31, 1960. The result is reached after provision of £27,130 (£24,07'8) for depreciation and £41,096 (£45,611) for tax. Preference dividend takes £5OOO. Ordinary dividend of 9 per cent, is equivalent to 10.8 per cent before the recent one-for-five bonus issue. It takes £18,900. Last year’s dividend of 10 per cent, took £17.500 and bonus of 2 per cent. £3500. Surplus retained in the business is £17,294 (£29,422). Balance Sheet The balance sheet shows paid capital at £275,000, £175,000 ordinary and £lOO,OOO preference. Shareholders’ funds are shown at £634,545 (£617,179). Since balance date ordinary capital has When increased to £210,000 by the bonus issue and reserves have accordingly been reduced by £35,000. The balance sheet shows current assets £1,091,287 (£956,726), current liabilities £632,547 (£458,699) and fixed assets £175,805 (£118,152).
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Bibliographic details
Press, Volume XCIX, Issue 29278, 9 August 1960, Page 17
Word Count
165TURNBULL AND JONES YEAR Press, Volume XCIX, Issue 29278, 9 August 1960, Page 17
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