1490
THE NEW ZEALAND GAZETTE.
[No. 51

DIRECTIONS FOR PREPARATION OF ACCOUNT.

(1) Cream collection should include—
(a) Railage on cream.
(b) Lorry-running expenses, including heavy traffic fees, comprehensive insurance,
registration, wages, employers’ liability insurance, maintenance, repairs,
depreciation.
(c) Cartage by contract.
Amounts recovered from suppliers should be shown separately as a deduction from
the above.
(2) Wages: This item should cover factory wages only, including employers’
liability insurance and superannuation and/or other subsidy, if any.
Materials: This item should include cartage and railage on materials.
Fuel and power: This item should include cartage and railage on fuel.
Sundry charges: This item should include insurance and rates, fees for inspection
of machinery, license fees (other than heavy traffic), and travelling-expenses
(general manager).
(3) Depreciation: This item covers buildings, plant, and equipment.
(4) Repairs and maintenance: This item covers factory buildings and plant only.
(5) Charges factory to f.o.b.: Cartage and railage should include these charges on
produce sold locally.
(6) Overhead charges: The item “Office expenses” should include salaries,
travelling-expenses, other than directors’ and general manager’s, postages, stationery, &c.
(7) Sales: Separate sales accounts should be kept for dairy-produce sold for export
and sold locally. At balance date stocks of dairy-produce on hand should be credited
respectively to export sales account and to local sales account. After balance date a
reversing entry should be passed debiting such stocks to the respective accounts. Stocks
of materials and fuel should not be included with stocks of dairy-produce but should be
credited to materials account and fuel account.
General: Separate accounts should be kept for creamery butter, cheese, and casein,
except in the case of cheese-factory companies that manufacture creamery butter during
periods not exceeding eight weeks each at the beginning and end of the season and
during no other periods.
All accrued charges such as bank interest, grading fees, Dairy Board levy, wages,
freezing and storage and other charges to f.o.b. on produce unshipped, and also charges
paid in advance, such as insurance, should be estimated and brought into the respective
accounts.

[Form No. 4.

Form of Appropriation Account to be attached to Directors’ Report, Balance-sheet,
Manufacturing and Marketing Account, and Statement of Statistics.

APPROPRIATION ACCOUNT.

£ s. d. £ s. d.
To Final payments, 19 season By Balance, 19 .. ..
Reserves .. .. Surplus on realization ..
Balance carried forward ..

£ £

£ s. d. £ s. d.
To Balance for distribution .. By Balance brought forward ..
Balance from manufacturing
and marketing account ..

£ £

DIRECTIONS FOR PREPARATION OF ACCOUNT.

In the top section the appropriation account should show the balance brought
forward from the previous year, the surplus or deficit on realization of the previous year’s
dairy-produce, the further and/or final payments to suppliers, the amount placed to
reserve account or applied in any other manner, and the balance (if any) carried forward.
In the bottom section the appropriation account should show any balance brought
forward from the previous year, and the balance from manufacturing and marketing
account.
Separate appropriation accounts should be kept for creamery butter, cheese, and
casein in conformity with separate manufacturing and marketing accounts.

[Form No. 5.

Form of Statement of Statistics to be attached to Director’s Report, Balance-sheet, Manu-
facturing and Marketing Account, and Appropriation Account.

STATISTICS.

                                     Previous Year     Current Year
                                     19                19

Payout previous year per pound butterfat (season average) .. .. .. ..
Payout current year per pound butterfat .. .. .. ..
\ Advance
\ Estimated surplus
Number of suppliers .. .. .. ..
Pounds of { milk received .. .. .. ..
{ cream received .. .. .. ..
Pounds of butterfat from { milk .. .. .. ..
{ cream .. .. .. ..
Average butterfat test of { milk .. .. .. ..
{ cream .. .. .. ..
Total charges, including repairs and depreciation, up to f.o.b. at per pound butterfat .. .. .. ..