Finance And Indemnity
Net profit of Finance and Indemnity, Ltd., Christohurch, ffell £258 (16.1 per cent.) to £1346 in the year ended March 31, 1962. This-result is reached after provision of £517 (down £242) for taxation. Recommended dividend is reduced from 8 per cent, to 7 per cent, and requires £l4OO. This exceeds net profit by £54 and carryforward is reduced to £5. Advances fell from £30.923 to £28.413 and interest earnings from £3598 to £3024. Stockholders' funds are £54 lower at £20.605, and current liabilities are £lBl7 lower at £4555 Reserve for unearned income is reduced from £3892 to £3253.
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https://paperspast.natlib.govt.nz/newspapers/CHP19620608.2.154
Bibliographic details
Press, Volume CI, Issue 29843, 8 June 1962, Page 15
Word Count
101Finance And Indemnity Press, Volume CI, Issue 29843, 8 June 1962, Page 15
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Acknowledgements
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