✨ Financial statements of State coal mines
BALANCE-SHEET OF THE NEW ZEALAND STATE COAL-MINES.
Statement of Liabilities and Assets at 31st March, 1906.
Liabilities. £ s. d. £ s. d.
Debenture loan .. .. .. .. 13,533 19 7 140,000 0 0
Sundry creditors .. .. .. .. 2,450 0 0
Accrued interest .. .. .. .. 2,800 0 0
Debenture Sinking Fund .. .. .. 18,783 19 7
General Profit and Loss Account—
Balance of profit at 31st March, 1905 .. 10,360 4 9
Net profits for the year ended 31st March,
1906 .. .. .. .. 14,647 10 4 25,007 15 1
Assets. £ s. d. £ s. d.
Point Elizabeth Colliery and Development Property Account—
Cost at 31st March, 1905 .. .. .. 18,426 5 4
Less depreciation .. .. .. .. 1,842 12 6
16,583 12 10
Additional outlay during the year .. .. .. .. 1,094 9 2
17,678 2 0
Depreciation, 10 per cent. .. .. .. .. 1,767 16 2
15,910 5 10
Machinery, plant, ropes, and rolling-stock—
Cost at 31st March, 1905 .. .. .. .. £18,605 3 1
Less depreciation .. .. .. .. 1,860 10 4
16,744 12 9
Additional outlay during the year .. .. .. 3,966 19 6
20,711 12 3
Depreciation, 10 per cent... .. .. .. 2,071 3 3
18,640 9 0
Buildings at mine—
Cost at 31st March, 1905 .. .. .. .. £2,010 5 3
Less depreciation.. .. .. .. 201 0 6
1,809 4 9
Additional outlay during the year .. .. .. 168 5 5
1,977 10 2
Depreciation, 10 per cent... .. .. .. 197 15 0
1,779 15 2
Cottages—
Cost at 31st March, 1905 .. .. .. .. 300 0 0
Less depreciation .. .. .. .. 30 0 0
270 0 0
Depreciation, 10 per cent... .. .. .. 27 0 0
243 0 0
Stores (stock on hand) .. .. .. .. 1,064 7 7
Timber (stock on hand) .. .. .. .. 83 9 6
Coal (stock on hand at mine) .. .. .. £137 8 4
Coal (stock on hand at wharf and afloat) 167 11 6
304 19 10
1,452 16 11 38,026 6 11
Seddonville Colliery and Development Property Account—
Cost at 31st March, 1905 .. .. .. .. £12,651 5 8
Less depreciation .. .. .. .. 1,265 2 7
11,386 3 1
Additional outlay during the year .. .. .. 2,636 16 0
14,022 19 1
Depreciation, 10 per cent... .. .. .. 1,402 5 11
12,620 13 2
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NZ Gazette 1906, No 85
✨ LLM interpretation of page content
🏢 Balance Sheet of New Zealand State Coal Mines
🏢 State Enterprises & Insurance31 March 1906
State coal mines, Balance sheet, Financial statement, Liabilities, Assets, Point Elizabeth, Seddonville