Depreciation
£
5,092
Provision for taxation
53,300
Net profit transferred to Profit and Loss Appropriation Account
54,614
£434,338
Interest on investments
£
426,591
Commissions, rents, sundry receipts, and refunds
7,747
£434,338
BALANCE SHEET AS AT 31 MARCH 1965
Depositors' balances
£
£
Savings bank department
7,493,636
Thrift club accounts
160,648
Home lay-by accounts
275,754
Ordinary depositors' total
7,930,038
Investment Accounts
1,373,105
Add accrued interest
29,582
1,402,687
National Savings depositors' total
511,872
Add National Savings Interest Suspense Account
9,553
521,425
Total liability to depositors
9,854,150
Other liabilities
Staff Provident Fund
29,576
Provision for donations
7,500
Provision for taxation
53,300
Total other liabilities
90,376
Total of liabilities and provisions
9,944,526
Reserve Fund
Balance, 1 April
440,079
Add balance, appropriation accounts
43,745
483,824
£10,428,350
Current assets
£
£
Cash in hand and at bankers
318,676
National Provident Fund investments
285,000
Fixed deposits
133,500
Interest due and accrued on investments
80,312
Total current assets
817,488
Investments (at par value)
New Zealand Government inscribed stock
3,883,472
Local body debentures
89,939
First mortgage on freehold property
3,564,503
Total investments
7,537,914
Total current assets and investments
8,355,402
Investment Account securities
New Zealand Government inscribed stock (at par value)
1,332,553
Cash in hand and at bank
70,134
1,402,687
National Savings securities
New Zealand Government inscribed stock
515,000
Cash in hand and at bank
6,425
Total securing National Savings depositors
521,425
Total current assets, investments, and securities
10,279,514
Fixed assets (at cost less depreciation)
Land and buildings
157,492
Less depreciation
23,761
133,731
Furniture and fittings, etc.
40,904
Less depreciation
25,799
15,105
Total fixed assets
148,836
£10,428,350
Contingent liability
Subsidies on home lay-by accounts
Capital commitment for new buildings, £68,000.
E. R. HARFORD, President
E. A. EVANS, General Manager.
We have examined the balance sheet of Taranaki Savings Bank
as of 31 March 1965, and the related profit and loss account for
the year then ended. Our examination was made in accordance
with generally accepted auditing standards, and accordingly
included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying balance sheet and profit
and loss account present fairly the financial position of Taranaki
Savings Bank at 31 March 1965 and the results of its operations
for the year then ended, in conformity with generally accepted
accounting principles applied on a basis consistent with that of
the preceding year.
WYNYARD, RIDLAND, AND GLASGOW,
Public Accountants and Auditors.
New Plymouth, 6 May 1965.
6353
WANGANUI SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1965
£ s. d.
Interest to depositors
30,958 11 9
Management expenses
Salaries
5,686 6 8
Maintenance and repairs
33 0 6
Rent
945 6 4
Depreciation
1,584 10 7
Other expenses
Advertising
1,805 11 7
Stationery
1,100 2 10
Others
4,561 15 9
£ s. d.
Provision for taxation
1,282 10 0
Already paid
400 0 0
1,682 10 0
Net profit
2,762 15 9
£51,120 11 9
Interest on
£ s. d.
Deposits
917 7 7
Government stock
29,298 2 11
Local body securities
927 3 4
Mortgages
84 15 9
Commissions, fees, etc.
45 0 0
Rent
Other receipts
Accrued income
17,367 2 2
Accrued brokerage
237 10 0
Brokerage
2,243 10 0
£51,120 11 9
BALANCE SHEET AS AT 31 MARCH 1965
Deposits
£ s. d.
Savings accounts
941,931 10 8
Thrift accounts
52,744 16 0
Investment accounts
517,970 0 0
Total deposits
1,512,646 6 8
Accrued interest on investment accounts
9,398 8 0
Total depositors' funds
1,522,044 14 8
Current liabilities
Sundry creditors
939 4 6
Provision for tax
1,282 10 0
Provision for donations
850 0 0
Total current liabilities
3,071 14 6
Reserve fund as at 31 March 1965
2,385 19 8
£1,527,502 8 10
Cash on hand and at bankers
£ s. d.
Cash on hand and at banks
49,850 9 6
Fixed deposits
29,000 0 0
Total cash funds
78,850 9 6
Current assets
Accrued income
17,604 12 2
Rent paid in advance
58 0 0
Total current assets
17,662 12 2
Investments: (at cost)
Government stock
1,374,000 0 0
Local body stock
48,324 16 8
Mortgage (staff)
2,400 0 0
Total investments
1,424,724 16 8