Bond debt doubles
NZPA-AAP Perth Bond Corp Holdings’ debt burden more than doubled to nearly sAust6 billion in 1987-88 as a result of the company’s acquisitions. Bond Corp’s 1988 annual report showed total borrowings of $5.758 at June 30 compared with $2.498 at the same time in 1986-87. Total liabilities rose to $6.388 from $2.78. They include current borrowings of 52.088 and noncurrent borrowings of $3.678. The debts are expected to be reduced this financial year through the rationalisation of Wisconsin brewer, G. Heileman Brewing Co., and newlyacquired Bell Group. It was the $1.648 acquisition of Heileman which was chiefly responsible for the blow-out in debt.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19880924.2.152.30
Bibliographic details
Press, 24 September 1988, Page 37
Word Count
106Bond debt doubles Press, 24 September 1988, Page 37
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.