Gr. 



Balance from last year . 

 Balance from Working Ac- 

 count as above 



Denmark 



Profit and Loss Account 



Kr. Ore 



368 14 



19,552 73 



Kr. 19,920 87 



Value of the com- 

 pany's telephone 

 system at Jan. i, Kr. Ore 

 1893 . . . 72,298*99 



New lines in 1893 9,599-86 



Kr. 81,898-85 



10 per cent, written off in 

 accordance with bye-laws 



Written off the company's 

 building, standing at 

 Kr. 29,36s '86 in the books 



Written off furniture and 

 fixtures .... 



Commission to the manager, 

 5 per cent, on Kr. 11,302-84 



Directors' fees, 6 per cent, 

 on same amount 



Dividend to shareholders, 

 5 per cent, on Kr. 60,000= 

 Kr. 3.000, to which is added 

 Kr. 3,000 under Bye-law 14 



Placed to reserve fund under 

 Bye-law 14 



Balance to next year . 



I2 9 



Kr. Ore 



60 oo 



565 

 678 



1 6 



6,000 oo 



3,ooo oo 

 427 68 



Kr. 19,920 87 



BALANCE SHEET 



Kr. 113,109 31 



Kr. 113,109 31 



AARHUS: December 31, 1893. 



[Signed] OTTO MONSTEA, Kjen. 



JOH. BAUME, Springborg. 



The undersigned, auditor, has examined the books and accounts of the 

 company, and has no remarks to make. 



J. H. FRANK. 

 AARHUS : February 20, 1894. 



NOTE. Since going to press, the accounts for 1894 have been received. 

 They show an amount available for dividend of Kr. 7,200 ; Kr. 2,700 carried 

 to reserve, and Kr. 399-55 to 1895. The value of the system at January I, 

 1895, wa s Kr. 90,828-80. 



