Company News NTH. CANTERBURY SHEEPFARMERS
Profit Steady At £7714 Net profit of the North Canterbury Sheepfarmers’ Co-operative Freezing Export and Agency Company, Ltd., for the year to September 30 is steady at £7714 (£7701). The result is after undisclosed tax, and depreciation £556 lower at £15,740. Recommended dividend on the unlisted ordinary shares is steady at 6 per cent., and takes £1417. The 5J per cent, preference charge requires £2301. This year £lO,OOO (nil) is transferred to reserves. These appropriations total £13.718, which exceeds profit by £6004 and reduces carryforward to £4295. Total shareholders’ funds have risen by £3996 to £146,724. Bank overdraft is down £6132 at £55.222, and total current liabilities are down £13,130 at £135,383. Total fixed assets are £9024 higher at £204,006. and total current assets are £18,158 lower at £78,101.
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Bibliographic details
Press, Volume XCIX, Issue 29373, 28 November 1960, Page 19
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134Company News NTH. CANTERBURY SHEEPFARMERS Press, Volume XCIX, Issue 29373, 28 November 1960, Page 19
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