The Statist; A Journal of Practical Finance and Trade Volume 45

The Statist; A Journal of Practical Finance and Trade Volume 45

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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. 1900 edition. Excerpt: ... This, to my mind, proves that our business is in a healthy state, and is ably managed. Our profits this year are 1,173 in excess of those of the preceding year. I wish to call your attention to the amount we owe to trade creditors, because I believe you will find it is unique amongst industrial companies. Our total indebtedness at last stocktaking amounted to the insignificant sum of 20 5s. lid. By paying so promptly for goods purchased, our buyers are placed in a position second to no other house in the trade. We have added this year to the reserve account 6,357, and our total reserve, in round figures, amounts to 32,000. That amount has been accumulated in the short period of four years. Turning to the credit side of the balance sheet you will find there is an increase in freehold and leasehold premises and goodwill of 15,000. That sum has been spent in extensions to which I will refer later on. Whilst mentioning goodwill, I should like to call your attention for a moment to two public companies that were floated not long ago, in which the goodwill was placed as a separate item in their prospectuses. That principle is to be highly commended, and I hope when the legislature deals with the law relating to public companies it will be made compulsory to insert in every prospectus the amount of the goodwill separately. The point I wish to call your attention to is this: The sum put down for goodwill in one of the companies referred to was equivalent to about three and a quarter years' profit, and in the other to about four and a quarter years' profit. If the goodwill of our Company were calculated on the same basis, in the one instance it would amount to 102,000, and in the other to over 133,000, ..."show more

Product details

  • Paperback | 1188 pages
  • 189 x 246 x 59mm | 2,068g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236977491
  • 9781236977496