AMALGAMATED WIRELESS

Dominion, Volume 31, Issue 71, 17 December 1937, Page 14

AMALGAMATED WIRELESS

Large Increase In Net Profit As was announced in this column yesterday Amalgamated Wireless (Australasia), Ltd., discloses a net profit of £l2u,794 for the year ended June 30, compared with £109,701 the previous year. Dividend remains unchanged at 10 per cent. (5 interim aud 5 final), and there is a bonus of 2 per cent., as against 1 per ceut. for 1935-36. Dividend and bonus absorb £89,314, a sum of £30,000 is transferred to reserve, aud £41,628 is carried forward, against £34,788 brought forward. The amount written off for depreciation dur-

ing the year was £113,834. Year ended J une 30. 1935. 1936. 1937. £ £ Gross profits .. 545,431 579,245 720,817 Net profit 119,824 109,701 125,794 Dividend, p.c. . • 10 ♦11 112 Div., amount ... 74,428 81,871 89,314 To reserve 30,000 30,000 30,000 To staff superaunuation 15,000 .— —— Forward 3G.95S 3-1,788 41,028 DIABILITIES— 744,282 Capital 744,282 744.282 Creditors 230,838 2-10,287 331,719 lieserves for patcuts, deprecia390,841 tion, etc 327,301 309,717 General reserve . 150,000 180,000 210,000 ASSETS— 282,485 Land& bulldingai 207,6-50 277,571 Beam Service— 176,814 Plant 170,205 171,495 Buildings 99,527 99,671 99,671 Research & establishment . 49,007 49,007 49,067 Other wireless statlons, plant, 1422,942 stock, etc 478,245 563,949 Stocks — — 281,273 Patent rights ... 93,000 93,000 85,811 Cash 194,351 71,977 37,175 Sundry debtors . 223,228 259,058 304,039 Investment .... 63,701 05,383 60,331 ♦Includes bonus dividend 1 per cent. tlncludes bonus of 2 percent. tNot including stocks.