Committee Reports::Report - Appropriation Accounts 1962 - 1963::12 November, 1964::Appendix


	HOME Baile
	COMMITTEE REPORTS Tuasascálacha Coistí

Committee Reports > List of Committees > Dáil > 1964 > Committee of Public Accounts > Report - Appropriation Accounts 1962 - 1963

APPENDIX XXXVI.

THE DAIRY DISPOSAL COMPANY LIMITED AND ASSOCIATED COMPANIES. Consolidated Balance Sheet as at 31st December, 1962.

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			..	..	..	2,979,501	4	5
Reserve for Depreciation			..				1,266,500	0	0
General Reserve		..	..				141,025	17	2	Motor Transport	..	..	..	..	..	97,146	17	8
Department of Agriculture			..				584,602	16	4
Sundry Creditors		..	..				370,403	8	4	Sundry Debtors	..	..	..	..	..	761,722	8	5
Bank Overdrafts Net, Less
Cash in Hands		..	..				1,738,919	7	6	Stocks and Stores	..	..	..	..	..	1,156,090	1	3
Profit and Loss Accounts			..	1,109,751	4	11
Less: Interest paid or payable to the Exchequer since 1st
April, 1956	..	..	..	236,764	2	6
							872,987	2	5
							£4,994,460	11	9							£4,994,460	11	9

	(Signed) J. HENNIGAN	Directors.
	T. DENNEHY	Directors.
	C. L. TIMLIN,	Secretary.

AUDITORS’ REPORT.

We have examined the foregoing Consolidated Balance Sheet as made up to the 31st of December, 1962. It covers the Balance Sheet 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.,
12th June, 1963.		Chartered Accountants.

Reconcilement showing the amount due by the Dairy Disposal Company to the Exchequer as at 31st December, 1962.

						£	s.	d.						£	s.	d.
Amount advanced by the Department of Agriculture									Amount surrendered to Department of Agriculture
up to and including 31st December, 1962*					..	1,173,502	3	9	up to and including 31st December, 1962			..	..	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, 1962		..	..	..	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.