APPENDIX XXVII.
THE DAIRY DISPOSAL COMPANY LIMITED AND ASSOCIATED COMPANIES. Consolidated Balance Sheet as at 31st December, 1961.
LIABILITIES |
ASSETS |
|
£ |
s. |
d. |
£ |
s. |
d. |
|
£ |
s. |
d. |
Nominal Capital |
... |
... |
20,120 |
0 |
0 |
|
|
|
Premises, Plant and Machinery, Investments, |
|
|
|
Issued Capital |
... |
... |
... |
... |
... |
|
|
|
20,022 |
0 |
0 |
Trade Marks and Goodwill |
... |
... |
... |
2,819,757 |
12 |
6 |
Reserve for Depreciation |
... |
... |
... |
|
|
|
1,205,000 |
0 |
0 |
|
|
|
|
General Reserve |
... |
... |
... |
... |
... |
|
|
|
129,375 |
17 |
2 |
Motor Transport |
... |
... |
... |
... |
... |
85,641 |
15 |
7 |
Department of Agriculture |
... |
... |
... |
... |
|
|
|
584,602 |
16 |
4 |
|
|
|
|
Sundry Creditors |
... |
... |
... |
... |
... |
|
|
|
316,716 |
0 |
5 |
Sundry Debtors |
... |
... |
... |
... |
... |
672,413 |
3 |
4 |
Bank Overdrafts Less Cash |
|
|
|
|
|
|
|
|
|
|
in Hands |
... |
... |
... |
... |
... |
... |
|
|
|
1,718,896 |
9 |
5 |
Stock and Stores |
... |
... |
... |
... |
... |
1,233,055 |
1 |
0 |
Profit and Loss Accounts |
... |
1,037,942 |
8 |
3 |
|
|
|
|
|
|
|
Less: Interest paid or payable to Exchequer since |
|
|
|
|
|
|
|
|
|
|
1st April, 1956 |
... |
... |
201,687 |
19 |
2 |
|
|
|
|
|
|
|
|
|
|
|
836,254 |
9 |
1 |
|
|
|
|
|
|
|
|
4,810,867 |
12 |
5 |
|
4,810,867 |
12 |
5 |
|
|
|
(Signed) |
J. HENNIGAN |
Directors. |
|
|
P. J. McDERMOTT |
|
|
C. L. TIMLIN, Secretary. |
AUDITORS’ REPORT
We have examined the foregoing Consolidated Balance Sheet as made up to the 31st December, 1961. It covers the Balance Sheets, as already audited and certified by us, of the Newmarket Dairy Company 1932 Limited, the Condensed Milk Company of Ireland 1928 Limited, Cleeves Confectionery Limerick Limited, 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. |
(Signed) KEAN & CO., |
7th June, 1962. |
Chartered Accounts, |
Reconcilement showing the amount due by the Dairy Disposal Company to the Exchequer as at 31st December, 1961.
|
£ |
s. |
d. |
|
£ |
s. |
d. |
Amount advanced by the Department of Agriculture |
|
|
|
Amount surrendered to Department of Agriculture |
|
|
|
up to and including 31st December, 1961* |
... |
1,173,502 |
3 |
9 |
up to and including 31st December, 1961 |
... |
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, 1961 |
... |
... |
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.
|
