New Zealand Gazette – 1970 – No. 60

Page 1796

✨ Financial Statements

1796

THE COMMERCIAL BANK SAVINGS BANK (N.Z.) LTD.
—continued
PROFIT AND LOSS ACCOUNT—continued

1969	$	1970
Provision for taxation	44,813	46,774
Net profit for the year	45,265	46,921
	$959,484	$1,113,969
Transfer to general reserve	50,000	50,000
Balance carried forward	46,417	43,338
	$96,417	$93,338

1969
NZ$
Income from—
New Zealand Government stock and local authority securities .. 792,325 903,219
Other investments .. 164,612 209,679
Other sources .. 2,547 1,071
$959,484 $1,113,969
51,152 Balance brought forward from previous year .. 46,417
45,265 Net profit for the year as above.. 46,921
$96,417 $93,338

AUDITORS’ REPORT
TO THE MEMBERS OF THE COMMERCIAL BANK SAVINGS BANK (N.Z.) LTD.
In our opinion the accompanying balance sheet and profit and loss account give a true and fair view of the state of affairs of The Commercial Bank Savings Bank (N.Z.) Ltd., at 30 June 1970, and of its results for the year ended on that date.
We have obtained all the information and explanations we have required. In our opinion, the company has kept proper books, and the balance sheet and profit and loss account give, in the prescribed manner, the information required by the Companies Act 1955.
D. A. F. CROMBIE
G. L. ALLARD
Chartered Accountants.
Wellington, New Zealand, 27 August 1970.
9472

WAIKATO SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1970

1969	$	1970
Interest to depositors	919,281	1,003,701
Trustees honoraria	2,892	2,869
Management expenses—		$
Salaries	246,081	292,110
Maintenance	7,779	6,343
Rent and rates	41,999	47,394
Mortgage valuation fees	924	1,533
	(296,783)	347,380
Depreciation	32,110	31,503
Loss on disposal assets	1,184	93
Loss on disposal Government stock	10,574	905
Advertising	19,950	27,808
Stationery	18,506	24,549
Other expenses	94,775	114,104
Provision for taxation	43,234	74,513
	1,439,289	1,627,425
Net profit to profit and loss appropriation account	46,258	63,375
	$1,485,547	$1,690,800

No. 60

THE NEW ZEALAND GAZETTE

WAIKATO SAVINGS BANK—continued
PROFIT AND LOSS ACCOUNT—continued

1969	$	1970
Interest from investments—Government stock	965,123	1,024,868
Mortgages	333,782	436,315
Local body securities	91,093	107,561
Fixed deposits	30,639	33,636
National provident fund	14,675	14,727
Short-term investments	8,530	10,872
Total interest	1,443,842	1,627,979
Commissions, fees, etc.	24,892	44,586
Rent received	16,813	18,235
	$1,485,547	$1,690,800

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 1970

1969	$	1970
Provision for donations	10,000	14,000
Balance to reserve fund	36,258	49,375
	$46,258	$63,375
Net profit from profit and loss account	46,258	63,375
	$46,258	$63,375

BALANCE SHEET AS AT 31 MARCH 1970

1969	$	1970
Depositors' balances—Savings accounts	17,292,449	19,163,673
Thrift accounts	1,998,556	2,062,202
Investment accounts	9,480,430	10,388,421
Accrued interest on investment accounts	28,771,435	31,614,296
Total depositors' balances	231,720	256,766
Provision for 1970 taxation	43,166	74,513
Deferred taxation	31,594	74,760
Total tax provisions	(74,760)	149,273
Provision for donations	10,000	14,000
Sundry creditors	24,748	29,386
Bank overdrafts and cash on hand		24,323
Reserve Fund—Balance at 1 April 1969	348,595	384,853
Plus profit and loss appropriation balance transferred	36,258	49,375
Total reserve fund	(384,853)	434,228
	$29,497,516	$32,522,272
Cash in hand and at bankers	278,782
Sundry debtors	13,442	57,477
Fixed deposits	770,000	790,000
National Provident Fund	320,000	320,000
Accrued interest	285,953	296,856
New Zealand Government stock—Face value	14,042,420	13,400,000
Cost price	5,003,500	6,298,400
	(19,045,920)	19,698,400
Mortgage advances	6,529,886	8,283,296
Local body securities at face value	1,897,146	2,707,794
Land and buildings (cost less depreciation to date)		237,001
Less depreciation to date	230,575	229,851

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VUW Te Waharoa — NZ Gazette 1970, No 60

NZLII — NZ Gazette 1970, No 60

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✨ LLM interpretation of page content

💰 The Commercial Bank Savings Bank (N.Z.) Ltd. Profit and Loss Account and Auditors' Report (continued from previous page)

Domain💰 Finance & Revenue
Dated27 August 1970
KeywordsFinancial Statement, Profit and Loss, Savings Bank, Auditors' Report
👩‍💼 Officials

D. A. F. Crombie
G. L. Allard, Chartered Accountants

💰 Waikato Savings Bank Profit and Loss Account and Appropriation Account

Domain💰 Finance & Revenue
KeywordsFinancial Statement, Profit and Loss, Appropriation Account, Savings Bank

💰 Waikato Savings Bank Balance Sheet

Domain💰 Finance & Revenue
KeywordsFinancial Statement, Balance Sheet, Savings Bank

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