New Zealand Gazette – 1942 – No. 53

Page 1494

✨ Financial Statements

AUCKLAND SAVINGS-BANK.

STATEMENT of the Receipts and Payments for the year ended 31st March, 1942:

RECEIPTS.

Balance as at 1st April, 1941 (cash in hand and at Bank of New Zealand) ... 1,439,893 9 0
Received from depositors ... 5,147,526 9 10
Provident Fund contributions (employees on military service) ... 36 3 7
Mortgagors' Suspense Account ... 4,043 1 1
Interest on-
Mortgages ... 179,523 18 4
New Zealand Government inscribed stock ... 148,687 1 8
Local-body debentures ... 63,967 11 0
Bank of New Zealand current account .. 17,881 2 6
Mortgage principal repaid ... 324,959 8 6
Local-body debentures repaid ... 53,675 15 2
Buildings and property (sale of land, &c.) ... 225 0 0
Rent ... 883 17 6
Mortgage inspection fees ... 797 10 6
Mortgage sundries ... 7,646 11 7
Debenture Interest Suspense Account ... 1,253 2 7
Home-safe hire fees ... 122 15 0
Safe-custody fees ... 130 8 6
Exchange and commission ... 334 4 0
Bad debts recovered ... 5,293 1 0
Securities Realization Account ... 5,541 7 2
National Savings-
Deposits ... 146,373 10 11
Interest Suspense Account ... 2,472 18 5
Bonds ... 86,438 12 6
£7,637,707 0 4

PAYMENTS.

Repaid to depositors ... 4,610,887 8 10
Provident Fund ... 500 2 6
Mortgagors' Suspense Account ... 3,331 19 0
Advances on-
Mortgage ... 273,732 5 9
New Zealand Government inscribed stock ... 923,207 6 0
Local-body debentures ... 107,900 0 0
Charges ... 51,977 4 9
Income-tax ... 44,331 7 0
Social security and national security taxes ... 8,811 5 8
Buildings and property ... 3,909 6 0
Furniture and fittings ... 847 19 6
Rent ... 25 0 0
Donations ... 2,050 0 0
Mortgage sundries ... 7,114 19 0
Debenture premiums and charges ... 1,806 15 1
Debenture Interest Suspense Account ... 1,047 15 8
Securities Realization Account ... 3,303 1 3
National Savings-
Interest and repayments ... 565 18 2
Interest Suspense Account ... 263 15 0
New Zealand Government inscribed stock ... 147,000 0 0
Bonds ... 86,438 12 6
Balance, current account, £ s. d. Bank of New Zealand 1,284,730 12 7
Balance, cash in hand ... 73,924 6 1
1,358,654 18 8
£7,637,707 0 4

REVENUE ACCOUNT FOR YEAR ENDED 31ST MARCH, 1942.

Dr.

Interest added on-
Depositors' closed accounts 3,895 7 4
Depositors' open accounts 268,062 2 0
271,957 9 4
Provident Fund accounts ... 3,303 13 0
Balance: Gross profit ... 138,295 7 9
£413,556 10 1

Cr.

Interest on-
Mortgages ... 177,028 1 4
New Zealand Government inscribed stock ... 153,506 6 1
Local-body debentures ... 63,817 10 2
Bank of New Zealand current account ... 17,881 2 6
412,233 0 1
Rent ... 858 17 6
Safe-custody fees ... 130 8 6
Exchange ... 334 4 0
£413,556 10 1

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31ST MARCH, 1942.

Dr.

Charges-
Ordinary ... 51,399 9 3
Provident Fund ... 4,985 13 5
56,385 2 8
Bad debts written off ...
Depreciation on-
Buildings ... 2,184 6 0
Furniture and fittings ... 847 19 6
Home safes ... 150 0 0
3,182 5 6
Balance, Appropriation Account: Net profit ... 80,335 6 4
£145,178 4 6

Cr.

Gross profit ... 138,295 7 9
Bad debts recovered ... 5,293 1 0
Surpluses on securities realized ... 1,589 15 9
£145,178 4 6

APPROPRIATION ACCOUNT FOR YEAR ENDED 31ST MARCH, 1942.

Dr.

Debenture premiums and charges ... 1,806 15 1
Donations ... 2,050 0 0
Transfer to Reserve and Investment Fluctuation Account ... 25,000 0 0
Reserve for-
Income-tax ... 41,886 0 0
Social and national security taxes ... 8,114 0 0
50,000 0 0
Balance ... 12,145 18 7
£91,002 13 8

Cr.

Balance-
1st April, 1941 ... 10,667 7 4
Profit and Loss Account: Net profit ... 80,335 6 4
£91,002 13 8

BALANCE-SHEET FOR YEAR ENDED 31ST MARCH, 1942.

Liabilities.

Amount at credit of depositors-
Savings-bank Department ... 10,179,731 19 5
Thrift Clubs Department ... 69,460 19 5
Penny Bank Department ... 13,014 15 7
Schools' Banks Department ... 21,589 19 11
10,283,797 14 4
National Savings-
Total of depositors' accounts ... 192,929 8 2
Increase for year in Schools' Banks balances ... 1,267 1 2
194,196 9 4
National Savings: Interest Suspense Account ... 1,567 6 10
Deposit fees on home safes ... 1,867 4 0
Staff Provident Fund Account ... 72,000 4 5
Reserve and Investment Fluctuation Account ... 1,050,000 0 0
Reserves for taxation ... 59,595 12 9
Profit and Loss Appropriation Account ... 12,145 18 7
£11,675,170 10 3

Assets.

First mortgages on freehold securities ... 3,819,853 9 1
Interest accrued due 18,838 4 2
3,838,691 13 3
New Zealand Government inscribed stock 4,240,637 5 3
New Zealand Government inscribed stock (War Loan) ... 250,425 4 0
Interest accrued ... 42,722 14 9
4,533,785 4 0
National Savings-
New Zealand Government inscribed stock ... 193,000 0 0
Cash in hand ... 1,196 9 4
194,196 9 4
Local body debentures ... 1,626,235 9 7
Interest accrued ... 19,704 1 3
1,645,939 10 10
Securities in course of realization (net) ... 29,499 3 6
Premises and property ... 72,500 0 0
Furniture and fittings ... 2,500 0 0
Home safes ... 600 0 0
Cash in hand and at bankers ... 1,357,458 9 4
£11,675,170 10 3

F. E. SUTHERLAND, Manager.

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💰 Auckland Savings-Bank Financial Statements for Year Ended 31st March, 1942

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Savings Bank, Auckland, Receipts, Payments, Profit and Loss, Balance Sheet
👩‍💼 Officials

F. E. Sutherland, Manager

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