British Office
(N.Z. Press Association) WELLINGTON, July 10. The accounts of British Office Supplies, Ltd, Wellington, for the year to March 31 show that the company earned 26.4 per cent on capital compared with 27 per cent in the previous year. The earning rate on shareholders’ funds was 14.7 pet cent compared with 16.2 pei cent in 1967. Net profit was $107,600 ($109,820 last year), as previously announced, after charging $26,995 ($124,448)
for depreciation of $104,476 ($106,896) for tax. The 13} per cent dividend, including 1 per cent bonus (12} per cent including 1} per cent bonus) will require $54,964 ($50,893), which the net profit will cover twice. Capital is unchanged at $407,144; there is an issue $105,000 of 6} per cent notes converting to paid ordinary shares, one for orfe, next April 1. Current liabilities are $155,770 ($161,873), current assets $717,351 ($672,018), fixed assets $225,270 ($224,070 and gpodwill $76,426 (unchanged).
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Bibliographic details
Press, Volume CVIII, Issue 31728, 11 July 1968, Page 20
Word Count
151British Office Press, Volume CVIII, Issue 31728, 11 July 1968, Page 20
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