Carpenter & Co., Ltd.
p. 18 · Read in the full issue
Annual Report Of W. R.
AFTER charging £8,766 depreciation, a nrofit of £111,372 was earned by W.
R. Carpenter and Co. Ltd. for the vear ended June 30 last, compared with £100,585 in 1937. and £68,079 in 1936.
Dividend was at the rate of 10 per cent, per annum. The previous year’s dividend was 9 per cent.
During the year a new subsidiary. W.
R. Carpenter Overseas Shipping Ltd., was registered, with a nominal capital of £500.000. Paid capital of £210,000 was subscribed by the parent company. The new Company will own and control the overseas shipping interests of the par ent Company.
A further issue of canital made by the parent Companv during the year was used for expansion of shipping activi ties and the purchase of a plantation.
The premium of £61.250 on the issue was used to reduce the value of invest ments in subsidiaries.
Growth of the Company is thus shown: —
1936 1937 1938 Net profit .. .. 68.079 100,585 111,372 10 Dividend Amount 8 47,362 9 60,615 74,000 Liabilities — Capital Premium p. and L Creditors Due by subsidiary 644.081 51.960 108,412 673,500 200,000 10,374 78,476 97,563 6,725 740.000 200.000 10,374 85,638 89,891 49,400 Assets — 2,642 Investments 348 126 3.642 Property & plant 367,616 347,761 373,510 Debtors 185.425 159.131 65,089 Stock 69,478 101,612 125,941 Branches .. 33,608 — — Subsidiary shares — 381.758 494,622 Govt, loan — 7.700 — Cash — 47.348 3,899 Due by subsidiary — 9,825 14,641 Prepayments . . — 7,861 5,202 89,757 Advances — ■—