CAB129-37 — Page 284

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