WUNDERLICH, LTD.
Wuiiderlich, Ltd., an Australian company manufacturing, building materials, and.-in which there are; some New Zealand Hhareholdcrs, made a net profit from trading of £15,725 for the year ended February 28, compared with £11,409 for the previous year. By the transfer of £10,051 from specific provisions no longer required the available profit is raised to £25,776. Ordinary dividend of 5 per cent, is at an unaltered rate and requires £22,000. Preference dividend, less statutory deduction, requires £4714. With £6780 brought forward, £5842 is carried forward. The directors state that £8600 out of current profits was spent during tho ye,ar on renovations and improvements. This is considered more than sufficient to provide for depreciation, and no further provision has been made. The balance-sheet shows an increase of '£17,168 in creditors and a small increase in book debts. In place of £9427, representing Commonwealth bonds at cost, there appears the item "investments and unexpired values," shown at £4810. 'An issue of 80,000 cumulative 7 per cent. third.'1 preference shares of £1 each is being made at 21s per share, • • I
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https://paperspast.natlib.govt.nz/newspapers/EP19330504.2.108.7
Bibliographic details
Evening Post, Volume CXV, Issue 103, 4 May 1933, Page 14
Word Count
179WUNDERLICH, LTD. Evening Post, Volume CXV, Issue 103, 4 May 1933, Page 14
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