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


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Committee Reports > List of Committees > Dáil > 1947 > Committee of Public Accounts > Report - Appropriation Accounts 1944 - 1945

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,