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Sales (Note 2) Profft before Taxatiou (Notes 3 and 4) Taxation(Note 5) Profft after Taxation Minority shareholders' interests Profit Available for Appropriation Parent Company Dividends Paid or Proposed (Note 6) Profi t for the Year Retained by:- Parent company Subsicliaries Associated companiee (Note 1) Notes, forming part of the accounts, are shown on pages 11 to 17, To the Mernbers of EMI Limited In our opinion, based on our examination and the reports ofthe auditors of certain subsidiary and associateal companies not audited by us , the accounts set out on pages 8 to 17 and the information on pages 34 to 37 together give a true and fair view ofthe state of affairs at 30 June 1971 and ofthe profit for the year ended on that date and comply with the Companies Acts I 19,t8 and 1967. Cooper Brothers & Co. Chartered Accountants. london ? October 1971.
Group Balance Sheet EMI Limited and Subsidiaries 19I1 c'000 €'000 €'000 €'000 Goodwill arising on Consolidation(Note ?) &,183 61,308 Fixed Assets (Note 8) Investments (Note g) Curent Assets 80,774 16,249 68,763 14,468 Stock aud work in progress (Note 1t) Film, television and theatrical productions and rights (Note 11) - Debtors Liquid tunds 37,393 6,939 69,264 9,4M 35,957 6,t32 61,638 8,101 L,ess: 123,050 111,828 Current Liabilities and Taration Creditors 61,2W 55,406 Bank and other short term borrowings (Note 12) s2,283 33,402 Taxation (Note 5) hoposed ffnal ordinary dividend 70,494 1,784 11,690 3,539 Capital Employed in the Group 105,82A 17,222 178,422 104,037 7,791 r52,330 Financed as follows: Share Capital and Reserves Share capital - parent company (Note 13) 39,136 38,854 Reserves (Note 14) Minority Shareholders' fnterests 70,695 109,831 11,807 69,363 108,277 12,680 Loan Capital (Note 15) 66,7U 31,433 L78,422 152,330 Notes , forming part of the dccounts , are shown on pdges 1 1 to 17 . The auditors' report is shown on page 8,
Page 2 and 3: of meeting Notice is hereby given
Page 4 and 5: 2 Main industry analysis of sales a
Page 6 and 7: Ghairman's At the end of my last R
Page 8 and 9: Finance The increased interest char
Page 10 and 11: Dividends Preference dividends amou
Page 14 and 15: Parent Gompany Balance Sheet
Page 16 and 17: 3 Profit befote Taxation (continued
Page 18 and 19: I Fixed Assets (continued) ;"; ';;;
Page 20 and 21: t4 nesefvos Other capital reserve
Page 22 and 23: Records and Music The results from
Page 24 and 25: Music Publishing The Keith Prowse M
Page 26 and 27: Feature Films During the year, 15 B
Page 28 and 29: Electronics The year saw a marked i
Page 30 and 31: v EMI-Marine have doubled in the ye
Page 32 and 33: Property When in 1969 EMI acquired
Page 34 and 35: At 30 June Capital Employed Goodwil
Page 36: lftrvement in price of'EMI Ordinary
Page 39 and 40: Europe Products anal Services Chief
Page 41: Principal Associated Companies Asso

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