F.P. Fin. ahead
F. and P. Finance, Ltd, a wholly-owned subsidiary of Fisher and Paykel Industries, Ltd, made an audited tax-paid profit of $2,065,000 in the year to March 31.
This result is an increase of 41.9 per cent on the taxpaid profit of $1,455,000 for the 12 months to March 31, 1983.
The result represents an earning rate of 25.4 per cent (22.8 per cent) on average shareholders’ funds.
During the year, shareholders’ funds increased from $7,353,000 to $8,876,000.
Provision for taxation was $914,000 ($485,000) of which $25,000 ($96,000) was for deferred taxation.
Income from rental, financing, and investments was $20,417,000 ($16,749,000).
Total assets of the company at balance date were $67,275,000 ($60,726,000). Return on average total funds employed was 3.2 per cent (2.7 per cent). The directors are recommending a dividend of 20 per cent (16 per cent) requiring $700,000 ($560,000), covered 2.9 times by profit.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19840511.2.81
Bibliographic details
Press, 11 May 1984, Page 9
Word Count
148F.P. Fin. ahead Press, 11 May 1984, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in