The Sydney Morning Herald (NSW : 1842 - 1954)(about) |
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Saturday 4 July 1936
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ILLAWARRA COKE.
Demand for Output.
Illawnna Coke Company, Ltd by writing off half the subscribed capital amounting to £60,750, has extinguished a debit balance of £ 13 925, and has written down heavily values of freehold and leasehold property of coke ovens, and buildings and of macliinery and plant Also in place of shares In Port Kembla Coal Company Ltd there is a deben- ture foi a greatly i educed amount Thus are explained most of the changes noticed in a compiilson of the figures at March Jl 1935 and March 31 1936 Subscribed capital is now £60 750 in shaies of 10/ each
The strike at the woiks of Australian Iron and Steel Ltd commencing In Januaiy and lasting three months had a serious effect on the companys operations Net profit for the year was £2038 which has been tians ferred to profit and loss appropriation account Since the close of the financial yeal the works have been operating satisfactorily As a -result of forward conti acts the company Is practically assured of a demand for the whole of its products at least up to December
31 next
Foi year ended March 31
1934 1935 1036
£ £ £
Profit net « 1234 2 038 Forward debit IS 159 13 925 '2 010 Gross profit 3 041 4 994 3 B13
LIABILITIES Capital
Creditors
^8s_ns
Freehold and leasehold 10 407 38 407 16 407 Coke ovens and buildings 13 731 32 731 15 231 Machinery and plant 38 099 36 449 30 B74 Port Kembla Coal Ltd ^^
shares 2 500 2,500 t250 Stooks 1088 1722 4 718 Debtors 8 681 8 637 4 534 Cash
Credit balance t Debenture