APPENDIX XVI.
THE DAIRY DISPOSAL CO., LTD., AND ASSOCIATED COMPANIES.
Consolidated Balance Sheet as at 31st December, 1955.
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 |
... |
1,883,81 |
12 |
6 |
Issued Capital: |
Motor Transport |
... |
... |
... |
... |
... |
50,949 |
9 |
3 |
20,072 Shares of £1 each. |
... |
... |
... |
... |
20,072 |
0 |
0 |
|
Sundry Creditors |
... |
... |
... |
... |
... |
253,046 |
10 |
6 |
Sundry Debtors |
... |
... |
... |
... |
... |
... |
634,866 |
13 |
11 |
Department of Agriculture |
... |
... |
... |
509,791 |
15 |
5 |
|
|
|
|
Bank Overdrafts Less Cash on Hands |
... |
1,286,929 |
16 |
9 |
Stocks and Stores |
... |
... |
... |
... |
1,252,277 |
14 |
4 |
Reserve for Depreciation |
... |
... |
... |
884,145 |
0 |
0 |
|
|
|
|
Reserve for Losses on Realisation |
... |
... |
145,898 |
1 |
2 |
|
|
|
|
General Reserve |
... |
... |
... |
... |
... |
106,099 |
18 |
3 |
|
|
|
|
Profit and Loss Account |
... |
... |
... |
... |
615,925 |
7 |
11 |
|
|
|
|
|
3,821,908 |
10 |
0 |
|
3,821,908 |
10 |
0 |
|
|
|
(Signed) ENRI Ó’FRIGHIL |
Directors |
|
J. HENNIGAN |
AUDITORS’ REPORT.
We have examined the foregoing Consolidated Balance Sheet as made up to 31st December, 1955. It covers the Balance Sheets as already audited and certified by us of the Newmarket Dairy Co. 1932 Ltd., the Condensed Milk Co. of Ireland 1928 Ltd., Cleeves Confectionery Limerick Ltd., the 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 of these Companies.
|
KEAN & CO., |
30 Westmoreland Street, Dublin. |
Chartered Accountants, |
14th May, 1956. |
Auditors. |
Reconcilement showing the Amount Due by The Dairy Disposal Company to the Exchequer as at 31st December, 1955.
|
£ |
s. |
d. |
|
£ |
s. |
d. |
Amount advanced by the Department of Agriculture |
Amounts surrendered to Department of Agriculture |
|
|
|
up to and including 31st December, 1955* |
... |
1,173,502 |
3 |
9 |
up to and including 31st December, 1955 |
... |
395,191 |
16 |
11 |
Interest accrued on sales of properties, creameries, |
|
|
|
Expenses borne by the Exchequer in connection with |
|
|
|
milk supplies, etc. |
... |
... |
... |
... |
... |
62,032 |
15 |
6 |
Scheme up to 31st March, 1955* |
... |
... |
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 |
... |
... |
... |
... |
... |
99,202 |
3 |
1 |
|
Balance: |
|
(1) Reserve for anticipated losses on realising properties on |
|
hands |
... |
... |
... |
£145,898 |
1 |
2 |
|
|
|
|
(2) Due to Exchequer |
... |
509,791 |
15 |
5 |
|
|
|
|
|
|
|
|
|
|
|
655,689 |
16 |
7 |
|
£1,235,534 |
19 |
3 |
|
£1,235,534 |
19 |
3 |
* Exclusive of headquarters administration expenses.
|
