Loss by Summit
Summit Gold, N! has reported a loss of $93,714 for the six months ended December 31, compared with a loss of $129,712 for the similar period the previous year. The loss was on turnover which dropped to $40,357 ($127,919). The listed gold explorer paid no tax in either period and no extraordinary items were incurred. The company’s accounts showed that shareholders’ funds had slipped from $10,446,933 at December, 1987, to $6,964,999 at December 1988. At balance date Summit had working capital of $1,963,885. No exploration costs were incurred for the six months ($185,860), while income was derived from interest ($38,572 against $127,919 previously) and the sale of fixed assets ($1,605 against nil previously).
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19890308.2.151.24
Bibliographic details
Press, 8 March 1989, Page 39
Word Count
116Loss by Summit Press, 8 March 1989, Page 39
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.