Committee Reports::Interim and Final Report - Appropriation Accounts 1942 - 1943::26 April, 1945::Appendix


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APPENDIX VIII.

ASSETS OF THE DAIRY DISPOSAL CO., LTD.

With reference to the promise given in the course of my examination before the Committee of Public Accounts on the Vote for Agriculture, 1942-43 to furnish particulars of the Assets of the Dairy Disposal Co., Ltd., I have been informed by the Company that at 31st December, 1943, the assets held against its liability to the Exchequer were as follows:—

										£
1.	Excess of liquid assets (excluding transport, travelling creameries and amounts due on foot of sales of properties, milk supplies and operative creameries) over Bank overdrafts, sundry creditors of the Associated Companies and
	Capital liability		..	..	..	..	..	..	..	431,347
2.	Transport	..	..	..	..	..	..	..	..	12,112
3.	Amounts due on foot of sales of properties, milk supplies and
	operative creameries.			..	..	..	..	..	..	8,930
4.	Premises, plant and machinery, travelling creameries
	trade marks and good will				..	..	..	£801,470
	((a) Fixed assets and goodwill of 17 creameries groups, (b) travelling creameries, (c) Lansdowne condensery and 3 auxiliary condenseries, (d) Toffee factory, (e) Cork office and (f) miscellaneous property of small value).
	Less Reserve for depreciation				..	..	..	£325,975
										475,495
										927,884
	Reserve for anticipated losses on realising properties on
	hands	..	..	..	..	..	..	..	..	124,576
	Net						..	..	..	£803,308

(Signed) D. TWOMEY,

Accounting Officer.

31st January, 1945.