=+364,000 123,000 364,000 123,000 For 1962, the Profit & Loss Accounts were: Parent Child Parent Child

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=+£364,000 £123,000 £364,000 £123,000 For 1962, the Profit & Loss Accounts were:

Parent Child Parent Child

£ £ £ £

Income Tax 12,000 9,000 Balances 1st January 33,000 10,000 Proposed Dividends 20,000 10,000 Net Trading Balances carried forward 24,000 9,000 Profits for Year 23,000 18,000

£56,000 £28,000 £56,000 £28,000

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