APPENDIX XIX.
THE DAIRY DISPOSAL CO., LTD. AND ASSOCIATED COMPANIES.
Consolidated Balance Sheet as at 31st December, 1959.
LIABILITIES |
ASSETS |
|
£ |
s. |
d. |
£ |
s. |
d. |
|
£ |
s. |
d. |
Nominal Capital |
... |
... |
... |
20,120 |
0 |
0 |
|
|
|
Premises, Plant and Machinery, Travelling |
|
|
|
Issued Capital |
... |
... |
... |
|
|
|
20,022 |
0 |
0 |
Creameries, Investments, Trade Marks and |
|
|
|
Reserve for Depreciation |
... |
|
|
|
1,108,000 |
0 |
0 |
Goodwill |
... |
... |
... |
... |
... |
2,456,606 |
18 |
5 |
General Reserve |
... |
... |
... |
|
|
|
120,875 |
17 |
2 |
|
|
|
|
Department of Agriculture |
... |
|
|
|
584,602 |
16 |
4 |
|
|
|
|
Sundry Creditors |
... |
... |
|
|
|
210,413 |
17 |
2 |
Motor Transport |
... |
... |
... |
... |
... |
90,124 |
2 |
6 |
Bank Overdrafts less cash in hands |
|
|
|
1,336,192 |
2 |
2 |
|
|
|
|
Profit and Loss Accounts |
... |
878,217 |
7 |
11 |
|
|
|
Sundry Debtors |
... |
... |
... |
... |
... |
534,425 |
8 |
1 |
Less Interest paid or payable to |
|
|
|
|
|
|
|
|
|
|
Exchequer since 1st April, 1956 |
... |
131,535 |
12 |
6 |
|
|
|
Stocks and Stores |
... |
... |
... |
... |
... |
1,045,631 |
19 |
3 |
|
|
|
|
746,681 |
15 |
5 |
|
|
|
|
|
|
|
|
4,126,788 |
8 |
3 |
|
4,126,788 |
8 |
3 |
|
|
|
|
(Signed) J. DEMPSEY, |
Directors. |
|
|
MICHAEL McAULIFFE |
|
|
C. L. TIMLIN, |
Secretary. |
AUDITORS’ REPORT.
We have examined the foregoing Consolidated Balance Sheet as made up to the 31st December, 1959. It covers the Balance Sheets, as already audited and certified by us, of the Newmarket Dairy Co. 1932 Limited, the Condensed Milk Co. of Ireland 1928 Ltd., Cleeves Confectionery Limerick Ltd., as well as the Balance Sheet of the Dairy Disposal Company Limited.
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 the Companies.
|
|
30 Westmoreland Street, Dublin. |
Chartered Accountants, |
26th May, 1960. |
|
Reconcilement Showing the Amount Due by the Dairy Disposal Company to the Exchequer as at 31st December, 1959.
|
£ |
s. |
d. |
|
£ |
s. |
d. |
Amount advanced by the Department of Agriculture |
|
|
|
Amount surrendered to Department of Agriculture |
|
|
|
up to and including 31st December, 1959* |
... |
1,173,502 |
3 |
9 |
up to and including 31st December, 1959 |
... |
394,873 |
16 |
11 |
|
|
|
|
Expenses borne by the Exchequer in connection with |
|
|
|
|
|
|
|
Scheme up to 31st March, 1959 |
... |
... |
53,363 |
9 |
1 |
Interest accrued on sales of properties, creameries, |
|
|
|
|
|
|
|
milk supplies, etc. |
... |
... |
... |
... |
62,032 |
15 |
6 |
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.
|
