Committee Reports::Report - Appropriation Accounts 1952 - 1953::30 March, 1955::Appendix

APPENDIX XIX.

THE DAIRY DISPOSAL CO., LTD., AND ASSOCIATED COMPANIES. Consolidated Balance Sheet as at 31st December, 1953.

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

..

1,648,993

3

5

Issued Capital:

Motor Transport

..

..

..

..

..

46,409

5

9

20,072 Shares of £1 each

..

..

..

..

20,072

0

0

 

Sundry Creditors

..

..

..

..

..

348,898

13

7

Sundry Debtors

..

..

..

..

..

628,887

9

3

Department of Agriculture

..

..

..

509,782

11

11

 

Bank Overdrafts Less Cash on Hands

..

1,349,870

9

5

Stocks and Stores

..

..

..

..

..

1,537,162

18

0

Reserve for Depreciation

..

..

..

795,745

0

0

 

Reserve for Losses on Realisation

..

..

145,887

16

0

 

General Reserve

..

..

..

..

..

105,525

14

10

 

Profit and Loss Account

..

..

..

..

585,670

10

8

 

 

£3,861,452

16

5

 

£3,861,452

16

5

 

ÉINRÍ Ó FRIGHIL

 

(Signed)

M. B. McAULIFFE

Directors.

 

M. J. HORGAN

 

AUDITOR’S REPORT.


We have examined the foregoing Consolidated Balance Sheet as made up to 31st December, 1953. 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.,


11th May, 1954.

Chartered Accountants,

(Pr. 2490)

Auditors.


Reconcilement showing the amount due by the Dairy Disposal Company to the Exchequer as at 31st December, 1953.

 

£

s.

d.

 

£

s.

d.

Amount advanced by the Department of Agriculture

 

 

 

Amounts surrendered to Department of Agriculture

 

 

 

up to and including 31st December, 1953*

..

1,173,502

3

9

up to and including 31st December, 1953

..

395,191

16

11

Interest accrued on sales of properties, creameries,

 

 

 

Expenses borne by the Exchequer in connection

 

 

 

milk supplies, etc.

..

..

..

..

..

62,023

12

0

with Scheme up to 31st March, 1953*

..

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

..

..

..

..

..

99,212

8

3

 

Balance:

 

(1) Reserve for anticipated losses on realising properties on

 

 

 

 

 

 

 

hands

..

£145,887

16

0

 

 

 

 

(2) Due to Exchequer

..

509,782

11

11

 

 

 

 

 

655,670

7

11

 

£1,235,525

15

9

 

£1,235,525

15

9

*Exclusive of headquarters administration expenses.