Committee Reports::Report - Appropriation Accounts 1951 - 1952::18 February, 1954::Appendix

APPENDIX XIX.

THE DAIRY DISPOSAL CO., LTD., AND ASSOCIATED COMPANIES. Consolidated Balance Sheet as at 31st December, 1952.

LIABILITIES.

 

 

 

ASSETS.

 

£

s.

d.

£

s.

d.

 

£

s.

d.

Nominal Capital:

 

 

 

 

 

 

Premises, Plant and Machinery, Travelling

 

 

 

21,120 Shares of £1 each

...

21,120

0

0

 

 

 

Creameries, Trade Marks and Goodwill

...

1,523,022

8

4

Issued Capital:

 

 

 

 

 

 

 

20,072 Shares of £1 each

...

...

...

...

20,072

0

0

Motor Transport

...

...

...

...

...

53,357

0

0

Sundry Creditors

...

...

...

...

...

311,916

0

8

 

 

 

 

Department of Agriculture

...

...

...

509,758

16

1

Sundry Debtors

...

...

...

...

...

485,835

2

2

Bank Overdrafts Less Cash on Hands

...

1,245,926

4

11

 

 

 

 

Reserve for Depreciation

...

...

...

649,745

0

0

Stocks and Stores

...

...

...

...

...

1,384,742

9

1

Reserve for Losses on Realisation

...

...

145,865

7

2

 

 

 

 

General Reserve

...

...

...

...

...

73,075

14

10

 

 

 

 

Profit and Loss Account

...

...

...

...

490,597

15

11

 

 

 

 

 

£3,446,956

19

7

 

£3,446,956

19

7

 

 

EINRI O FRIGHIL

Directors.

 

(Signed)

M. B. McAULIFFE

 

 

M. J. HORGAN

AUDITOR’S REPORT.


We have examined the foregoing Consolidated Balance Sheet as made up to 31st December, 1952. 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.

KEAN & CO.,


29th April, 1953.

Chartered Accountants,


 

Auditors.


Reconcilement showing the amount due by the Dairy Disposal Company to the Exchequer as at 31st December, 1952.


 

£

s.

d.

 

 

 

 

 

 

£

s.

d.

Amount advanced by the Department of Agriculture

 

 

 

Amounts surrendered to Department of Agriculture

 

 

 

 

 

 

up to and including 31st December, 1952*

...

1,173,502

3

9

up to and including 31st December, 1952

...

395,191

16

11

Interest accrued on sales of properties, creameries,

 

 

 

Expenses borne by the Exchequer in connection

 

 

 

 

 

 

milk supplies, etc.

...

...

...

...

...

61,999

16

2

with Scheme up to 31st March, 1952*

...

...

53,045

9

1

 

 

 

 

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

 

 

 

 

 

 

 

(Acquisition) Act, 1943

...

...

...

...

32,405

13

7

 

 

 

 

Losses sustained on realising and reorganising

 

 

 

 

 

 

 

creamery groups

...

...

...

...

...

99,234

17

1

 

 

 

 

Balance:

 

 

 

 

 

 

 

 

 

 

(1) Reserve for anticipated losses on realising properties on hands

£ 145,865

s. 7

d. 2

 

 

 

 

 

 

 

(2) Due to Exchequer

...

509,758

16

1

 

 

 

 

 

 

 

 

 

 

 

655,624

3

3

 

£1,235,501

19

11

 

 

 

 

£1,235,501

19

11

* Exclusive of headquarters administration expenses.