✨ Financial Statements
BALANCE-SHEET OF THE NEW ZEALAND STATE COAL-MINES.
Statement of Liabilities and Assets at 31st March, 1907.
Liabilities. £ s. d. £ s. d.
Debenture loan .. .. .. .. 140,000 0 0
Sundry creditors .. .. .. .. 14,479 14 9
Accrued interest .. .. .. .. 2,450 0 0
Debenture sinking fund .. .. .. 5,600 0 0
———————— 22,529 14 9
General Profit and Loss Account—
Balance of profit at 31st March, 1906 .. 25,007 15 1
Net profits for the year ended 31st March,
1907 .. .. .. .. .. .. .. .. .. .. 8,460 19 1
———————— 33,468 14 2
Assets. £ s. d. £ s. d.
Point Elizabeth Colliery and Development Property Account—
Cost at 31st March, 1906 .. .. .. .. 15,910 5 10
Additional outlay during the year .. .. .. .. 2,333 2 11
———————— 18,243 8 9
Depreciation, 10 per cent. .. .. .. .. 1,824 6 10
———————— 16,419 1 11
Machinery, plant, ropes, and rolling-stock—
Cost at 31st March, 1906 .. .. .. .. 18,640 9 0
Additional outlay during the year .. .. .. .. 12,058 1 3
———————— 30,698 10 3
Depreciation, 10 per cent. .. .. .. .. 3,069 17 0
———————— 27,628 13 3
Buildings at mine—
Cost at 31st March, 1906 .. .. .. .. 1,779 15 2
Additional outlay during the year .. .. .. .. 664 13 10
———————— 2,444 9 0
Depreciation, 10 per cent. .. .. .. .. 244 8 11
———————— 2,200 0 1
Cottages—
Cost at 31st March, 1906 .. .. .. .. 243 0 0
Depreciation, 10 per cent. .. .. .. .. 24 6 0
———————— 218 14 0
Stores (stock on hand) .. .. .. .. 3,066 0 7
Timber (stock on hand) .. .. .. .. 176 6 3
Coal (stock on hand, mine and wharf) .. £1,225 2 1
Coal (stock on hand, afloat) .. .. .. 461 11 11
———————— 1,686 14 0
———————— 4,929 0 10
———————— £51,395 10 1
Seddonville Colliery and Development Property Account—
Cost at 31st March, 1906 .. .. .. .. 12,620 13 2
Additional outlay during the year .. .. .. .. 1,207 13 10
———————— 13,828 7 0
Depreciation, 10 per cent. .. .. .. .. 1,382 16 8
———————— 12,445 10 4
Machinery, plant, ropes, and rolling-stock—
Cost at 31st March, 1906 .. .. .. .. 13,557 2 6
Additional outlay during the year .. .. .. .. 1,085 11 6
———————— 14,642 14 0
Depreciation, 10 per cent. .. .. .. .. 1,464 5 5
———————— 13,178 8 7
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NZ Gazette 1907, No 74
✨ LLM interpretation of page content
💰 Balance Sheet of New Zealand State Coal-Mines
💰 Finance & Revenue31 March 1907
State coal mines, Balance sheet, Liabilities, Assets, Financial statement