N.Z. PAPER MILLS
Sharp Rise In Profit
Net profit of New Zealand Paper Mills. Ltd., Mataura, rose by £8915 to £45,790 in the year to March 31. Profit was reached after providing £4961 less for depreciation at £32.346 and £11,350 more for tax at £48,600.
The 8 per cent, dividend takes £25,123 and £95,665 is carried forward against £74.998 brought in from last year.
The balance-sheet shows that a £25.000 share premium reserve has been created General reserve is unchanged at £lOO,OOO, as is depreciation reserve at £17,685. Bank overdraft is down from £64.964 to £35,691 and sundry creditors are down from £77,731 to £63,331. Current liabilities total £163.008, while current assets are £348.338. Stocks have been reduced from £200,986 to £174.804 and debtors are up from £89.40' to £143.225. Prepayments have doubled to £15,241 and cash is £15.068 against £5557 Fixed assets have been increased from’ £308.393 to £399.472.
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https://paperspast.natlib.govt.nz/newspapers/CHP19610516.2.228
Bibliographic details
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Press, Volume C, Issue 29514, 16 May 1961, Page 19
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150N.Z. PAPER MILLS Press, Volume C, Issue 29514, 16 May 1961, Page 19
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This newspaper was digitised in partnership with Christchurch City Libraries.
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