1696

BAY OF PLENTY SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1969
1968 $
Interest— 309,068
254,987 Interest credited to depositors
88,644 Interest accrued to depositors
343,631
Charges and administration
17,212 Advertising 13,114
164 Advertising staff 255
3,125 Allowances 2,486
1,830 Audit fees 2,000
2,526 Bank charges 5,575
2,788 Cleaning and laundry 3,062
2,240 Heating and lighting 2,363
545 Insurance 1,459
140 Legal expenses 40
545 Loss on realisation of assets 715
546 Maintenance contracts 719
2,300 Postages 2,756
14,385 Printing and stationery 12,689
19,453 Rent 19,564
754 Repairs and maintenance 2,760
88,024 Salaries 100,217
2,155 Sundry charges 3,496
4,126 Superannuation 4,691
3,183 Telephones and tolls 3,654
4,532 Travelling and relieving 5,866
2,680 Trustees' meeting fees 2,606
173,253
9,728 Depreciation
29,952 Profit before taxation
$556,564
10,756 Provision for taxation
19,196 Net profit after taxation
$29,952
1969
$
416,366
190,078
10,374
72,467
$689,294
35,154
37,313
$72,467
$
Interest—
New Zealand Government stock 438,700
Local authority securities 54,190
Mortgages 138,316
Fixed deposits 5,952
Post Office Savings Bank 4,689
Sundry investments at call 26,386
542,791
Other income—
Commission, etc. 15,642
Rents receivable 2,146
Gains on realisation of
investments 524
Premiums and discounts
amortised 2,749
6,125
13,773
$556,564
29,952 Profit before taxation
$29,952
668,233
21,061
$689,294
72,467
$72,467
1968
$
Taxation under-provided 1968 2,906
Donations under-provided 1968 810
3,000 Provision for donations 4,000
16,196 Balance to reserve fund
$19,196
$38,123
THE NEW ZEALAND GAZETTE
No. 53
1968
$
19,196 Profit and loss account
1969 Donations over-provided 1967
$19,196
$
$38,123
37,313
810
$38,123
BALANCE SHEET AS AT 31 MARCH 1969
1968
$
7,333,277
430,877
7,764,154
3,775,936
11,540,090
28,996
15,796
4,071
88,644
2,927
3,810
144,244
21,088
16,196
37,284
$11,721,618
Depositors' balances—
Savings bank accounts 9,222,029
Thrift club accounts 423,714
9,645,743
Investments accounts 4,496,110
14,141,853
Other liabilities and provisions—
Bank overdraft
Owing to trustee savings
banks 5,029
Sundry creditors 5,626
Interest accrued on investment accounts 107,298
Remittances in transit 1,962
Provision for tax—
$35,154
Less paid 13,663
21,491
Provision for donations 4,000
145,406
Reserve fund—
Balance as at 1 April 1968 37,284
Add balance of appropriation account
transferred 30,407
67,691
$14,354,950
1969
$
600,751
140,000
145,000
3,794
136,383
2,627
71
1,028,626
Current assets—
Cash on hand and at bank 712,793
Fixed deposits at bankers 140,000
Short-term investments 170,000
Owing by trustee savings
banks 25,263
Sundry debtors 900
Interest and commission
accrued on investments 150,996
Payments in advance 2,614
Taxation prepayment
1,202,566
Investments (at cost, unless
otherwise stated)—
New Zealand Government
stock (Note 1) 9,109,476
Local authority securities 1,115,267
Mortgages 2,874,951
13,099,694
Fixed assets (at cost, less depreciation)—
Land 960
Buildings 7,621
Furniture, fittings, and
equipment 15,942
Office machinery 12,333
Alterations leased premises 9,559
Motor vehicles 6,275
52,690
$11,721,618
Capital commitments (Note 2)
$14,354,950