New Zealand Gazette – 1969 – No. 2

Page 102

✨ Canterbury Savings Bank Financial Statements



102

THE NEW ZEALAND GAZETTE

CANTERBURY SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1968

1967 $ 1968 $
Depositors' balances—
Savings bank .. .. 14,234,526
Thrift clubs 1,674,794
Ordinary depositors' total 15,909,320
Investment accounts 8,672,242
Add interest accrued 201,710
8,873,952
24,783,272
Other liabilities—
Staff provident fund 35,896
Provision for donations 10,000
Owing to other trustee savings banks 8,780
Mortgages 136,000
Sundry creditors 45,258
Remittances in transit 33,988
269,922
Reserve fund—
Balance as at 31 March 1967 120,674
Add capital profits 666
Add balance of appropriation account 25,446
146,786
Add premiums due on redemption of Government stock 146,532
293,318
$25,346,512

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1968

1967 $ 1968 $
Interest to depositors—
Credited to accounts as at 31 March 1968 384,038
Closed accounts and matured investment accounts 154,152
Accrued on investment accounts 201,710
739,900
Home layby accounts suspensory free deposits 3,038
Other charges—
Trustees' fees (honoraria) 2,890
Salaries and wages 286,888
Repairs and maintenance 10,004
Rent and rates 19,743
Loss on sale or disposal of assets 161
Advertising 34,837
Printing and stationery 31,440
Interest to staff superannuation fund 2,460
Administration expenses and other charges 88,630
Depreciation 34,723
Provision for tax 29,174
Less overpaid tax 1967 500
32,334
Net profit $1,213,156

INTEREST ON INVESTMENTS—

1967 $ 1968 $
Fixed deposits 22,532
New Zealand Government stock 758,074
Local authority stock 41,400
Mortgages 340,692
$1,213,156

OTHER INCOME—

1967 $ 1968 $
Rents received 6,700
Interest on short-term investments 31,138
Commissions, fees, etc. 12,620
$1,213,156

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1968

1967 $ 1968 $
Provision for donations 10,000
Balance to reserve fund 25,446
$35,446
1967 $ 1968 $
Net profit 35,446
$35,446

CURRENT ASSETS—

1967 $ 1968 $
Cash in hand and at bankers 1,051,422
Fixed deposits at bankers 700,000
Interest accrued on investments 268,348
Rents due and accrued 24
Commissions accrued 3,282
Prepayments 3,376
Taxation prepayment 6,100
Owing by other trustee savings banks 23,358
Sundry debtors 162
Remittances in transit 21,832
Total current assets 2,077,904

INVESTMENTS (at face value)—

1967 $ 1968 $
Short-term investments 300,000
New Zealand Government stock 16,104,040
Local authorities stock 864,622
Mortgages 5,908,300
Total investments 22,876,962
Total of current assets and investments 24,954,866

FIXED ASSETS (at cost less depreciation)—

1967 $ 1968 $
Land and buildings 328,131
Less previous depreciation 13,234
314,897
Less current depreciation 2,956
241,878
Office equipment, furniture, etc. 237,845
Less previous depreciation 58,609
179,236
Less current depreciation 31,583
147,653
Goodwill on lease 600
459,410
$25,346,512

NEW ZEALAND GOVERNMENT PUBLICATIONS

GOVERNMENT BOOKSHOP

A selective range of Government publications is available from the following Government Bookshops:

Wellington: Mulgrave Street
Private Bag
Telephone 46 807

Auckland: State Advances Bldg., Rutland Street
P.O. Box 5344
Telephone 32 919

Hamilton: Alma Street
P.O. Box 857
Telephone 80 103

Christchurch: 130 Oxford Terrace
P.O. Box 1721
Telephone 50 331

Dunedin: T. and G. Insurance Building, Princes Street
P.O. Box 1104
Telephone 78 294

Wholesale
Retail
Mail Order



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✨ LLM interpretation of page content

💰 Canterbury Savings Bank Balance Sheet and Financial Statements for 1968

💰 Finance & Revenue
Balance Sheet, Profit and Loss, Interest on Investments, Appropriation Account, Current Assets, Investments, Fixed Assets, Canterbury Savings Bank

🏛️ Government Bookshops Locations and Contact Details

🏛️ Governance & Central Administration
Government Publications, Bookshops, Wellington, Auckland, Hamilton, Christchurch, Dunedin