Page 14 Advertisements Column 3

Otago Daily Times, Issue 23857, 11 July 1939, Page 14

DOMINION PROPRIETORS OF THE WAITEMATA MODEL BREWERY ABRIDGED NINTH ANNUAL REPORT AND BALANCE SHEET BALANCE SHEET AS AT 31st MARCH, 1939 LIABILITIES. £ s.. d. Nominal Capital—4o,ooo Preference and 460,000 Ordinary Shares at £1 each .. 500,000 0 0 Less Unallotted Ordinary Shares .. .. 200,000 0 0 Overdraft at National Bank of New Zealand Ltd Sundry Creditors (including 7i% bonus to Brewery Employees and Staff) .. Reserve for Taxes .. .. General Reserve Appropriation Account ASSETS. 300,000 0 0 41,084 17 4 77,271 10 11 60,914 10 1 86,474 2 6 56,367 19 8 £822,113 0 6 Land and Buildings— Less Depreciation .. Less Loans on Mortgage Plant, Machinery, etc.— Less Depreciation Stock on Hand .. .. • • • Sundry Debtors • • Hotel Leases, Investments, etc. ... ~. • Goodwill • • • • "• 506,929 4 2 258.294 4 1 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 1939 To Wages, Salaries, Interest, Bad Debts, Trade Expenses, Sales Tax, etc • „ Provision for Land, Income, and Social Security Taxes .. „ Freight, Advertising, Travelling and Brewery Expenses, and Depreciation, etc • • m Directors' Fees „ Net Profit for Year to Appropriation Account 51,410 13 1 60,000 0 0 ,' 74,212 11 8 1,337 10 0 65,477 6 3 £252,438 1 0 By Gross Profit from Trading and other sources AUDITORS' REPORT ie best of our informa - Ct VleW 0t tne State ° l company a aiiana ovw SorTanaMhe explanations "given To us, and as shown by the books of the Company. _ Auckland, 20th June, 1939. / Hutchison, Elufee & Cameron, Audrtors. EXTRACTS FROM DIRECTORS' REPORT:— The Directors recommend that the Net Profit for the Year, £65,477/6/3, plus Balance brought forward, £4,767/7/6, making a total of £70,244/13/9, be appropriated as follows: Payment of Dividends at the rate of 12 per cent. Writing off Goodwill Account Transfer to General Reserve Balance to be carried forward £32,600 2 6 19,100 0 0 13,525 17 6 5,018 13 4 £70,244 13 4 H. J. Kelliher L. J. Stevens Directors Leonard J. Knight, Secretary.

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