APPENDIX XIV.
(Q. 510)
THE DAIRY DISPOSAL CO., LTD., AND ASSOCIATED COMPANIES. (i) Consolidated Balance Sheet as at 31st December, 1946.
|
£ |
s. |
d. |
£ |
s. |
d. |
|
£ |
s. |
d. |
LIABILITIES |
|
|
ASSETS |
|
Nominal Capital |
|
|
Premises, Plant and Machinery, |
|
21,120 Shares of £1 each |
... |
21,120 |
0 |
0 |
|
Travelling Creameries, Trade Marks and |
|
|
|
|
Goodwill |
... |
... |
... |
... |
... |
915,777 |
18 |
3 |
Issued Capital: |
|
|
Motor Transport |
... |
... |
... |
... |
16,030 |
0 |
0 |
20,072 Shares of £1 each |
... |
20,072 |
0 |
0 |
|
|
|
Less: Calls in arrear |
... |
... |
72 |
0 |
0 |
|
Sundry Debtors |
... |
... |
... |
... |
230,032 |
7 |
6 |
|
|
20,000 |
0 |
0 |
|
|
Sundry Creditors |
... |
... |
|
189,493 |
3 |
5 |
Stocks and Stores |
... |
... |
... |
... |
557,886 |
16 |
4 |
Department of Agriculture |
... |
|
577,055 |
7 |
9 |
|
|
Bank Overdraft |
... |
... |
|
|
|
203,927 |
9 |
7 |
Cash in Hand and at Bank |
... |
... |
78,376 |
8 |
8 |
Reserve for Depreciation |
... |
|
|
|
426,430 |
0 |
9 |
|
|
Reserve for Loss on Realisation |
|
|
|
154,543 |
13 |
9 |
|
|
General Reserve |
... |
... |
|
|
|
17,064 |
5 |
11 |
|
|
Profit and Loss Account |
... |
... |
|
|
|
209,589 |
9 |
7 |
|
|
|
|
|
|
1,798,103 |
10 |
9 |
|
1,798,103 |
10 |
9 |
|
EINRI O FRIGHIL |
Directors. |
|
MICHAEL McAULIFFE |
AUDITORS’ REPORT.
We have examined the foregoing Consolidated Balance Sheet as made up to 31st December, 1946. It covers the Balance Sheets as already audited and certified by us of Newmarket Dairy Co., 1932, Ltd., Condensed Milk Co. of Ireland 1928, Ltd., Cleeves Confectionery Limerick, Ltd., Northern Irish Condensed Milk Distributors, Ltd., as well as the Balance Sheet of the Dairy Disposal Co., Ltd. We have received all the information and explanations we have required and, in our opinion, such Balance Sheet is properly drawn up so as to exhibit a true and correct view of the combined state of affairs according to the best of our information and the explanations given to us and as shown by the books and records of the respective Companies.
30 Westmoreland Street. |
(Signed) KEAN & CO., |
Dublin. |
Chartered Accountants. |
26th April, 1947. |
Auditors. |
(ii) Reconcilement showing the amount due by the Dairy Disposal Company to the Exchequer as at 31st December, 1946.
|
£ |
s. |
d. |
|
£ |
s. |
d. |
Amount advanced by the Department of Agriculture |
|
Amounts surrendered to Department of Agriculture |
|
|
|
up to and including 31st December, 1946* |
... |
1,173,502 |
3 |
9 |
up to and including 31st December, 1946 |
... |
331,490 |
1 |
0 |
Interest accrued on sales of properties, creameries, |
|
Expenses borne by the Exchequer in connection |
|
milk supplies, etc. |
... |
... |
... |
... |
... |
59,108 |
4 |
8 |
with Scheme* |
... |
... |
... |
... |
... |
53,045 |
9 |
1 |
|
Expenses chargeable to the Exchequer in connection with creameries acquired under the Creameries |
|
|
(Acquisition) Act, 1943 |
... |
... |
... |
... |
25,919 |
6 |
4 |
|
Losses sustained on realising and reorganising |
|
|
|
|
creamery groups |
... |
... |
... |
... |
... |
90,556 |
10 |
6 |
|
Balance: |
|
|
|
|
(1) Reserve for anticipated losses |
£ |
s. |
d. |
|
|
|
|
|
on realising properties on hands |
154,543 |
13 |
9 |
|
|
|
|
|
(2) Due to Exchequer |
... |
577,055 |
7 |
9 |
|
|
|
|
|
|
731,599 |
1 |
6 |
|
£1,232,610 |
8 |
5 |
|
£1,232,610 |
8 |
5 |
* Exclusive of headquarters administration expenses.
|
