The Investors Review Volume 3

The Investors Review Volume 3

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ...1,551/. A struggling company. The Newcastle Breweries, Limited.--Fourth year's balance-sheet to October 31, 1893. Gross profit for year, 57,313/. Repairs, 4,587/., depreciation of casks, horses, &c., 1,515/. seem insufficient amounts on a capital of 637,492/. invested in property and goodwill. After paying these and other charges debenture interest, 15,000/., and directors' fees, 3,025/., a sum of 28,903/. was left. From this 1,500/. was placed to leaseholds' reserve, now 9,000/., and 4,000/. to the general reserve, raising it to 16,000/.--a ridiculously small sum, since nothing is written off goodwill or for depreciation of buildings. Dividend on ordinary shares, 7 per cent. Maintenance absorbed 4,587/. within the year, also a small allowance. Balance forward, 1,500/. against 925/. brought from 1892. The Company would be more worthy of confidence, if it reduced its ordinary dividend to 5 per cent., till'goodwill' was obliterated. The New Tamarugal Nitrate Company, Limited.--Accounts made up to July 31, 1893, for third year of reconstructed Company's existence. Net profit, 45,946/., inclusive of 472/. brought from previous year. Of this, 6,946/. is left, after paying debenture and preference charges. Dividend on ordinary shares, 2 per cent.; added to depreciation fund, 1,000/., making it 4,000/. Written off exchange suspension account from gross profits, 5,541/. Added thereto for year just closed, 4,042/. Balance-sheet fair, but!profit and loss account poor; does not show how 'gross profit' is arrived at, nor separate directors' fees from salaries, rent, law charges, and other expenditure. But the Company had a large cash balance of 35,917/. at year's end, and very little, only 14,311/., was due on current accounts. The debenture more

Product details

  • Paperback | 190 pages
  • 189 x 246 x 10mm | 349g
  • United States
  • English
  • black & white illustrations
  • 1236803884
  • 9781236803887