COLONIAL SUGAR CO.

Wanganui Chronicle, Volume 80, Issue 280, 25 November 1937, Page 11

COLONIAL SUGAR CO.

LATEST BALANCE-SHEET FIGURES. SIX MONTHS’ CHANGES. The accounts of the Colonial Sugar Refining Company, Limited, a summary of which was printed in this column last Thursday, balance at £21,317,636, for the half-year ended September 30, a reduction of £536,110 on the previous half-year’s total, but an increase of £1,564,003 on the corresponding figure for the half-year ended September 30, 1936. Balance-sheet figures as at September 30, 1937, and the movements over the half-year are as follows: liabilities.

Fluctuations in liabilities are comparatively small. The sharp drop of £2,964, 155 in cash items among the assets is practically offset by increases in sugar stocks, investments and debtors. Notes attached to the bal-ance-sheet state that profits of subsidiary companies have been included to the extent to which they have declared dividends during the period covered by the accounts. No subsidiary made a loss during the period covered by the last accounts of the respective companies. J oilowing is a comparison of the reSUlts for the last th ree

Paid capital 11.700,000 a 800,00<) Reserve fund ...... Replacement fund . 4-100,000 Sudsidiary cos Employees’ funds ... ~f 158,915 54,047 1,748,323 2,418,223 011,583 Sundry creditors .... Suspense accounts .. P. and L. account .. 8,213 -776,966 4-23,605 -38,855 ASSETS. Refineries and mills . Office, residential pty. 10,308,293 220,397 + 162,881 Ocean steamers Shares in subsidiaries 142,118 Investments Advances to officers . 3.240,445 + 151,072 Working stocks 687,185 4-88 627 Sugar stocks, etc . . 4,820,075 4-1,298,323 4-687.948 Sundry debtors, etc. 1,093,873 Cash and bank .... 752,507 -2,964,155

Six months ended Sept. March. Sept. IJ06. 1937. 1937. ■■ X &:: “c?'‘ P nt a.-:::: 365 4 26 43 v/ 9 Carried forward .. 393,52! 401.683 422.333