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INVERCARGILL LICENSING TRUST Balance-sheet as at 31st March, 1950 1949 Liabilities 1949 £ Current Liabilities— £ £ £ Current Assets— £ £ £ 276,179 Bank of New Zealand: Overdraft 258,474 1,154 Cash in hand .. .. 2,455 18,005 Ordinary trade creditors .. .. 16,413 .. Amount on deposit .. .. 50 Unclaimed moneys .. 95 1,521 Imprest advances - .. 1,545 27,111 Provision for taxation .. .. 28,134 4,050 Staff bonus .. .. .. .. 2,000 1,802 Sundry trade debtors .. .. 1,763 4,750 Community Centre Donation Reserve .. 5,150 Stocks on hand— 12,936 Cellar .. .. .. 18,747 326,045 Total of Current Liabilities .. .. 310,266 3,876 Provisions .. .. .. 3,751 15,613 Reserves: General Reserve .. .. .. 23,143 14,610 Maintenance stores .. .. 9,545 10,030 Profit and Loss Appropriation Account ... .. 22,958 33,806 35,899 Total of current assets .. .. .. 37,856 7,083 Investments at Cost: Ordinary Shares of £1 each in Southland Breweries, Ltd., each fully paid .. 17,177 Fixed AssetsFixtures and fittings at cost .. 1,380 Less Depreciation Reserve.. 60 1,320 Furniture at cost .. .. 41,712 30,133 Less Depreciation Reserve .. 10,490 31,222 15,230 Linen, crockery, glassware, &c., at valuation .. .. 9,519 Motor-vehicles at cost .. 1,047 409 Less Depreciation Reserve .. 720 327 Plant at cost .. .. 28,957 13,795 Less Depreciation Reserve .. 12,317 16,640 Buildings at cost .. .. 217,550 174,460 Less Depreciation Reserve .. 49,923 167,627 63,677 Freehold land at cost .. .. 63,677 297,704 Total of Fixed Assets .. .. ..290,332 11,002 Fictitious assets: goodwill .. .. .. 11,002 £351,688 £356,367 £351,688 £356,367 (Figures adjusted to the nearest pound.)

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