N.Z. REFRIGERATING

Evening Post, Volume CXXI, Issue 23, 28 January 1936, Page 12

N.Z. REFRIGERATING

ANNUAL BALANCE-SHEET

/£u c a.nnual report and balance-sheet of the New Zealand Refrigerating Company, Limited, for the year ended October 31, 1935, which will be presented to shareholders at the forty-eighth annual general meeting on February 12, shows that, as disclosed in the preliminary statement already published net profit amounted to £75,670 8s 7d compared with £90,952 11s 6d for the previous period. Dividend on paid-up capital is unchanged at 5£ per cent The report states that extensive additions have been made at the Burnside works in order to cope with the increased supplies in the district; and of this expenditure, £20,000 has been charged against the rebuilding reserve created last year. Main items of the balance-sheet in the last two years compare as follows:— At. October 31, 1933. 1934. LIABILITIES— £ £ Taid-up capital 636,310 631)310 Secured debentures 150,000 90,000 Reserve account 100,000 60.000 Secured creditors 39,705 80,122 Bills payable, sundry creditors, provisions for tax, etc. 430,774 495,709 Amount due to subsidiary companies 20S 201 Falnnco from profit and loss account 75.G70 90,953 ASSETS— Land, building, machines, plant, etc. 708,762 717,018 Secured debentures on l'ukeuri works 100,001) 100,000 Investments 72,040 70,222 Sundry debtors 63.498 73,904 Stocks 318,239 252.77S Short call and cash 130.030 212,004 Due by sub. companies 55,312 40S PROFIT AXD LOSS ACCOUNT. £ £ By transfer fees 142 — By balance after provision for repairs, taxation, and sundry contingencies 117,275 117,417 £ 117.417 I To directors' fees 1.200 ~ Debenture interest 5.071 „ Gcncrnl expenses, rent, salaries, etc • • • 33,302 „ Rc-lssue debs, cost 2.17(1 — 4 1,7 17 ~ Urtlnnce carried 1o bul-nnre-shect 7.j,6"0 .6117,417.