BONDS LIFT PROFIT
Latest Result £152,151 fN.Z. Press Association) WELLINGTON, April 1. Consolidated net profit of Bonds Hosiery Mills (N.Z.), Ltd., for the year to January 19, 1964, was £152,151 against £120,322 the previous year. The result is reached after provision of £56,141 (£51,095) for depreciation and £145,720 (£112,650) for tax. Dividend of 171 per cent including 21 per cent bonus, takes £73,937. The previous year’s distribution of 15 per cent took £62,304.
Paid Capital Paid capital, all ordinary, is £422,494 (£422,319). Shareholders* funds amount to £809,202 (£720,915).
Current assets are shown as £438,642 (£352,632), current liabilities £477,436 (£256,142), fixed assets £312,179 (£333,462), investments £483,181 (£237,467), intangible assets £52,636 (£53,496).
Current liablities are increased by an amount of £150,000 being balance due to vendors of shares in subsidiary companies. Recently the company bought for £161,162 cash Hillcastle (N.Z.), Ltd., and Eugene (N.Z.), Ltd., but at balance date £150,000 was still owing to the vendors.
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Bibliographic details
Press, Volume CIII, Issue 30405, 2 April 1964, Page 17
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154BONDS LIFT PROFIT Press, Volume CIII, Issue 30405, 2 April 1964, Page 17
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