Analysis of Annual Report
p. 74 · Read in the full issue
Carpenters
THE annual report of Messrs. W. R.
Carpenter & Co., Ltd., was issued just as the last “P.1.M.” went to press, and we stated therein only that the company, in the year just closed, had made a net profit of £115,280, as compared with £111,372 in the previous year. The follow ing are further details, as set out in the “Sydney Morning Herald” summary of the company’s balance sheet:
During the year capital was increased by 100.000 shares paid to 5/-, and 10,000 shares paid to £1 were issued at a pre mium of £l/4/6 per share. The premium of £12,250 was used to reduce the value of investments in subsidiary companies.
A new subsidiary, W. R. Carpenter and Co. (London). Ltd., was formed, and the paid-up capital of £lO,OOO was subscribed by the present company.
Year ended June 30. 1937. 1938. 1939. £ £ £ Net profit 100,585 111,372 115,281 Dividend, p.c 9 10 10 Dividend, amount .. .. 60,615 74,000 76,250 To replacement and renewals 17,535 To volcano losses ., . 10,000 To superannuation account 3,000 2,000 2,000 To contingency account 3,000 10,000 10,000 Forward 11,265 36,638 63,669 Depreciation 11.242 8.767 18,512
Liabilities—
Capital 673,500 740,000 775,000 Premium on share issue 10,374 10,374 10,374 Reserve 200,000 200,000 200,000 Creditors 97,563 89,891 93,685 Due to subsidiaries .. . 6,725 49,400 47,721 Branch remittances — — 10,861
Assets—
Investments 393,100 497,263 527,686 Property, ships, etc. . . 347,761 373,509 387,349 Plantation advances —- 89,757 96,949 Debtors 159.131 65,089 81,801 Due by subsidiaries 9,825 14,641 30,176 Stock 101,612 125,941 104.434 Cash 47,348 3,899 12,326 Unexplred charges .. . . 7,861 5,201 11,340