By Charge to Estate Account for Services rendered to that account (b) Estimated premium to cover Workmen's Compensation, and losses of live and dead stock by fire. (c) The charge for Headquarters administrative expenses is an estimated figure. MINISTRY OF AGRICULTURE AND FISHERIES. AMESBURY FARM SETTLEMENT. FARM BALANCE SHEET, 31 MARCH 1927. Less Sales Depreciation Valuation as per Profit and Loss Account ... Payments in Advance carried forward Sundry Debtors Profit and Loss Account : ... Net Loss brought forward, 7 years, to 31 March 1926 (a) Add further payment to Profit Sharers out of 1924-25 profits Loss for the year ended 31 March 1927 Less Compensation for loss of profits prior to 1 April 1926 (b) 2 837 5 5 1 10 468 6 6 469 16 6 1,855 80 1,935 21,539 13 7 220 7,997 2 £22,302 14 11 £22,302 14 11 (a) Before arriving at this figure, the following amounts representing shares of profits made before 31 March 1926, have been taken into account:-Payments to Profit Sharers-£1,709 188. 9d. Transfer to Estate Account-£967 188. 11d. (b) Agreed compensation for loss of profits on 24 acres of land resumed by the War Office. ESTATE PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1927. £10,635 15 7 (a) Estimated premium to cover Workmen's Compensation, and loss of buildings by fire. and Disposal. (a) Excluding £7,900 cost of experimental building work written off, with Treasury authority, in accounts for 1922-23. (b) Represents the balance of losses before 31 March 1926, after crediting £967 188. 11d. being the share of profits transferred from Farm Account. I have examined the above Accounts and Balance Sheets in accordance with the provisions of the Exchequer and Audit Departments Act, 1921. I have obtained all the information and explanations that I have required, and I certify, as the result of my audit, that in my opinion these Accounts and Balance Sheets are properly drawn up so as to exhibit a true and correct view of the transactions and state of affairs of the undertaking. Malcolm G. Ramsay, Comptroller and Auditor General. |