APPENDIX XVIII.
THE DAIRY DISPOSAL CO., LTD. AND ASSOCIATED COMPANIES. Consolidated Balance Sheet as at 31st December, 1956.
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 |
... |
1,967,530 |
14 |
3 |
Issued Capital: |
|
|
|
|
Motor Transport |
... |
... |
... |
... |
... |
46,896 |
0 |
0 |
20,072 Shares of £1 each. |
... |
... |
... |
... |
20,072 |
0 |
0 |
|
|
|
|
Reserve for Depreciation |
... |
... |
... |
956,300 |
0 |
0 |
Sundry Debtors |
... |
... |
... |
... |
... |
... |
624,554 |
6 |
0 |
General Reserve |
... |
... |
... |
... |
... |
106,025 |
14 |
10 |
|
|
|
|
Department of Agriculture |
... |
... |
... |
584,602 |
16 |
4 |
Stocks and Stores |
... |
... |
... |
... |
1,055,580 |
17 |
1 |
Sundry Creditors |
... |
... |
... |
... |
... |
266,119 |
6 |
0 |
|
|
|
|
Bank Overdrafts Less Cash |
|
|
|
|
|
|
|
on Hands |
... |
... |
... |
... |
... |
... |
1,113,151 |
14 |
11 |
|
|
|
|
Profit and Loss Account |
... |
674,597 |
7 |
9 |
|
|
|
|
|
|
|
Less: Provision for Interest |
|
|
|
|
|
|
|
|
due to Exchequer |
... |
... |
26,307 |
2 |
6 |
|
|
|
|
|
|
|
|
648,290 |
5 |
3 |
|
|
|
|
|
|
|
|
|
3,694,561 |
17 |
4 |
|
3,694,561 |
17 |
4 |
|
|
|
|
|
|
|
(Signed) ENRÍ Ó FRIGHIL |
Directors. |
|
J. HENNIGAN |
AUDITORS’ REPORT.
We have examined the foregoing Consolidated Balance Sheet as made up to 31st December, 1956. 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 the information and explanations given to us and as shown by the books of the Companies.
|
KEAN & CO., |
30 Westmoreland Street, Dublin. |
Chartered Accountants, |
19th June, 1957. |
Auditors. |
Reconcilement showing the Amount Due by The Dairy Disposal Company to the Exchequer as at 31st December, 1956.
|
£ |
s. |
d. |
|
£ |
s. |
d. |
Amount advanced by the Department of Agriculture |
|
|
|
Amounts surrendered to Department of Agriculture |
|
|
|
up to and including 31st December, 1956* |
... |
1,173,502 |
3 |
9 |
up to and including 31st December, 1956 |
... |
394,873 |
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* |
... |
... |
53,363 |
9 |
1 |
|
|
|
|
Expenses chargeable to the Exchequer in connection with creameries acquired under the Creameries |
|
|
|
|
|
|
|
(Acquisition) Act, 1943 |
... |
... |
... |
... |
32,405 |
13 |
7 |
|
|
|
|
Subsidies appropriate to cover realisation losses |
.. |
170,289 |
3 |
4 |
|
|
|
|
Balance due to Exchequer |
.. |
.. |
.. |
.. |
584,602 |
16 |
4 |
|
£1,235,534 |
19 |
3 |
|
£1,235,534 |
19 |
3 |
|
|
* Exclusive of headquarters administration expenses.
|
