STATEMENT OF ACCOUNTS
THE QUEENSLAND-BRITISH FOOD CORPORATION
BALANCE SHEET-AS AT MARCH 31, 1949
LIABILITIES
ASSETS
Cost
£
s. d.
FIXED ASSETS—
£ s. d.
Leasehold Land.......
141,500 15 3
Page 284
(Figures în Australian pounds)
Accumulated Depreciation £ s. d.
Net Book Value £ S. 141,500 15
196,000 0 0
Land Clearing and Development
Expend
...
Buildings and Installations
232,500 0 0
56,438 7 0
Bores, Dams and Wells
Fencing
Yards (Livestock)
Works under Construction
FLOATING ASSETS—
18 2 2 22,029 10 10 34,844 18 7 23,266 14 $ 3,034 12 11 11,061 7 11
524 1 7 1,778 8 8 919 19 4 120 19 6
18 2 2 21,505 9 3 33,066 9 11 22,346 15 1
2,913 13 5
11,061 7 11
Agricultural Equipment
59,864 7 7
Vehicles
20,529 14 9
Furniture and Fittings
7,532 9 8
Office Machines and Equipment
1,998 15 3
Tools
**
1,140 17 4
Saddlery and Harness
Store Equipment
277 0 0 32 19 4
3,334 3 1,347 8 3 375 11 3 116 17 0 171 18 5 21 18 7 3 12 1
0
56,530 4 7 19,182 6 6 7,156 18 5 1,881 18 3 968 18 11 255 1 5
29 7 3
•
Field Instruments
56 17 2
2 14 2
54 3 0
327,189 3 2
8,717 11 10 318,471 11 4
CURRENT ASSETS—
Stocks of Stores, Bags and Seed (at cost)
63,535 17 4
Growing Crops exp. to date
55,093 1 11
Livestock at cost less sales
20,855 3 3
Debtors and Payments in Advance
833 11 2
Credit at Bankers-Money on Deposit and Cash in
hand
10,923 5 0
Expenditure incurred against future earnings
:
151,240 18 8 15,225 17 0
£484,938 7 0
£484,938 7 0
ADVANCES--
Overseas Food Corporation
The Treasurer of Queensland
CURRENT LIABILITIES—
::
Co-ordinator-General of Public Works (Property Acqusi-
tions)
Creditors and Accrued Charges
Reserve Fund, Section 14
The estimated commitments by the Corporation with third parties for Capital Expenditure at March 31, 1949, were approximately
s. d.
*147,000 0 49,000 0
joo
314,341 0 0
89
Administrative Manager.
W. A. ROGERS, B.Com., A.A.U.Q., A.F.I.A., CHARLES S. GOLD, A.F.I.A., A.C.I.S.,
Accountant.
Pambuceofit
J. R. KEMP, M.E., M.Inst.C.E., M.I.E. (Aust.),.
Deputy Chairman. R. L. MURRAY, A.A.U.Q.,
Member.
REPORT OF THE AUDITORS TO THE CORPORATION
We report that the annexed Statement of Accounts is, Phaeoigen, prof7 drawn up so as to exhibit a true and correct view of the Corporation's affairs as at March 31, 1949, according to the best of our information and explanations given to us and as shown by the books of the Corporation audited by us.
provisions of Section 16 of The Queensland-British Food Production Act of 1948 we append our report upon the Statement of Accounts of The Queensland-British Food Corporation from its inception on April 2, 1948, to March 31, 1949.
June 3, 1949.
324, Queen Street, Brisbane.
COOPER BROthers SavagE AND CO.,
Chartered Accountants (Aust.), Auditors.
In Australian Currency
151