GEAR MEAT CO.
A SATISFACTORY YEAR. Tho balance-sheet of the Gear Meat Company for the year ended November 30th, in quite a satisfactory one, although the profits were not as large as in 1924. The profit on sales and manufateures was £87,825, compared with £159,773 last year. With the balance brought forward the gross profit was £108,755, which contrasts with £186,252 shown in last year’s balancesheet. The dividend for the year at tho rate of Is 9d per share absorbed £40,250, appropriation for taxation in New Zealand and Britain requires £16,000, and a balance of £20,399 is carried forward. Tho items of the balance-sheet, with those for last year in parentheses aro as follow:— Liabilities: Capital, £460,000 (£460,000); creditors, £117 ; - 765 (£187.361); unpaid dividends, ml (£40); reserve fund, £15,000 (£270,000); insurance,reserve, £50,737 (£234,70°) • profit and loss, £65,149 (£64,661). Totals, £703,651 (£1,216,764). Assets: Freehold properties, etc., £53,600 (£60,555); debtors and deposits, £369,159 (£379 109): investments, £239,103 (£698,513); bank balance, £11,644 >(£28,994); cash, £ll6B (£629).
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https://paperspast.natlib.govt.nz/newspapers/WDT19251209.2.65
Bibliographic details
Wairarapa Daily Times, 9 December 1925, Page 6
Word Count
163GEAR MEAT CO. Wairarapa Daily Times, 9 December 1925, Page 6
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