Committee Reports::Report - Appropriation Accounts 1944 - 1945::20 May, 1947::Appendix

APPENDIX IX.

THE DAIRY DISPOSAL CO., LTD., AND ASSOCIATED COMPANIES. (i) Consolidated Balance Sheet as at 31st December, 1945.

 

£

s.

d.

£

s.

d.

 

£

s.

d.

LIABILITIES

 

 

 

 

 

 

ASSETS

 

 

 

Nominal Capital

 

 

 

 

 

 

Premises, Plant and Machinery, Travelling Creameries Trade marks and,

 

 

 

21,120 Shares of £1 each

..

21,120

0

0

 

 

 

goodwill

..

..

..

..

..

899,263

16

2

Issued Capital:

 

 

 

 

 

 

Motor Transport

..

..

..

..

10,653

10

0

20,072 Shares of £1 each

..

20,072

0

0

 

 

 

 

 

 

 

Less Calls in arrear

..

..

72

0

0

 

 

 

Sundry Debtors

..

..

..

..

260,552

18

0

 

 

 

 

20,000

0

0

 

 

 

 

Sundry Creditors

..

..

 

 

 

229,360

12

4

Stocks and Stores

..

..

..

..

577,930

17

7

Department of Agriculture

..

 

 

 

604,789

3

2

 

 

 

 

Bank Overdrafts

..

..

 

 

 

250,184

10

1

Cash in Hand and at Bank

..

..

72,396

10

8

Reserve for Depreciation

..

 

 

 

387,685

0

9

 

 

 

 

Reserve for Losses on

 

 

 

 

 

 

 

 

 

 

Realisation

..

..

...

154,267

18

2

 

 

 

 

General Reserve

..

..

..

 

 

 

7,637

10

6

 

 

 

 

Profit and Loss Account

..

..

 

 

 

166,872

17

5

 

 

 

 

 

 

 

 

1,820,797

12

5

 

1,820,797

12

5

EINRÍ Ó FRIGHIL

 

M. J. HORGAN

Directors.

MICHAEL McAULIFFE

 

AUDITORS’ REPORT.


We have examined the foregoing Consolidated Balance Sheet as made up to 31st December, 1945. 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,


Dublin.


27th April, 1946.


(Signed) KEAN & CO.,


Chartered Accountants,


Auditors.


(ii) Reconcilement showing the amount due by the Dairy Disposal Company to the Exchequer as at 31st December, 1945.

 

£

s.

d.

 

£

s.

d.

Amount advanced by the Department of Agriculture up to and including 31st December, 1945*

..

1,173,502

3

9

Amount surrendered to Department of Agriculture up to and including 31st December, 1945

..

310,763

8

10

Interest accrued on sales of properties, creameries,

 

 

 

Expenses borne by the Exchequer in connection

 

 

 

milk supplies, etc.

..

..

..

..

..

57,941

6

10

with Scheme* up to 31st March, 1945

..

..

53,045

9

1

 

 

 

 

Expenses chargeable to the Exchequer in connection with creameries acquired under the Creameries

 

 

 

 

 

 

 

(Acquisition) Act, 1943

..

..

..

..

17,978

1

0

 

 

 

 

Losses sustained on realising and reorganising

 

 

 

 

 

 

 

creamery groups

..

..

..

..

..

90,599

10

4

 

 

 

 

Balance:

 

 

 

 

 

 

 

(1) Reserve for anticipated losses

£

s.

d.

 

 

 

 

 

on realising properties on

 

 

 

 

 

 

 

hands

..

..

..

154,267

18

2

 

 

 

 

 

 

 

(2) Due to Exchequer

..

..

604,789

3

2

 

 

 

 

 

 

 

 

759,057

1

4

 

£1,231,443

10

7

 

£1,231,443

10

7

* Exclusive of headquarters administration expenses,