North Broken Hill auditors clash over tax and inflation accounting
North Broken Hill Ltd reports ongoing tax effect accounting disputes with auditors Peate, Marwick, Mitchell and Cu in its 1976 annual report issued yesterday. Directors critique inflation accounting, note budget changes and seek clearer treatment, while market value of the portfolio trails book value and Kanmantom Mines remains on care and maintenance.
MENTIONED IN THIS ARTICLE
North Broken Hill Ltd
Peate, Marwick
Mitchell
Sal
Stockvalawnen
Austen and Butta omits dividend and plunges profits
Austen and Butta Ltd reports no dividend for the latest year as net profit crashes 65.1 percent to 299000 dollars. The drop comes despite a 34 percent rise in gross revenue for HAL 638 CWB amid abnormal demurrage charges from port disputes at Halmain and Port Kembla, overtime loans, and high industrial unrest. Directors cite 28 mine days lost in Q1 and Grose Valley cowl shipments to Nippon Kokan Kapha at under 1 percent of annual contracted rate due to the global downturn.
MENTIONED IN THIS ARTICLE
HAL
Halmain
Port Kembla
Shinemeats
Grose Valley
Nippon Kokan
Lifesavers Australia sees revenue dip despite half recovery
Lifesavers Life Savers Australia reports a 16.6 per cent drop to 906000 in the first half and a 4.4 per cent annual decline as second six months earnings fall to 478000, reflecting weaker Australian consumption and chocolate production. Northern Star Holdings Ltd plans to takeover Daily Examiner Pty Ltd, offering 4 shares of Star for 2 Daily Examiner shares or 2 Star shares plus 2 in notes, or 4 notes for each Daily Examiner share.
MENTIONED IN THIS ARTICLE
Australia
Chancelate
Northern Star Holdings Ltd
Daily Examiner Pty Ltd
Crafton
Star
Daily Examiner
Examiner
Gloomy 1985 oil supply outlook warned by IEA chief
Ottawa report quotes IEA head warning Aruban producers may struggle to meet rising 1985 Western demand. Western consumer agency official Lut Lantzke cautions feasibility of supply growth, noting uncertainty about 1984 forecasts. Separate notes report N International Vaid dividend rise and Coles redevelopment expansion at 236 Bourke Street Melbourne.
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Ottawa
International Energy Agency
Aruban
INS. Agsagited
Tt Loe
Consumer Ageny of Countries
Lut Lantzke
G. J. Coles and Co Ltd
Bourke Street
Melbourne
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