General Motors-Holden’s
The dividend charge shown in the report of the directors of General MotorsHolden’s, Ltd., for 1939, is £996,196, of which £962,500 is on ordinary capital. This is £292.5-16 less than the year's net profit of £703,650. After transferring the general insurance reserve of £50,420, now found to be not necessary, the amount carried forward is reduced to £269,508. compared with £511,633 brought forward. Provision for depreciation, nor. stated in previous accounts, is shown at -£127,305. During the year, the value of real estate, plant, and equipment, was appraised, and the result indicated that excess reserves had been accumulated. In order to present, these assets al. more correct, current values, a sum of £300,000 has been transferred from depreciation reserves Io general reserve.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/DOM19400515.2.91.13
Bibliographic details
Dominion, Volume 33, Issue 196, 15 May 1940, Page 12
Word Count
124General Motors-Holden’s Dominion, Volume 33, Issue 196, 15 May 1940, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Dominion. 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.
Log in