Financial Statements & Gazette Info




1846

THE NEW ZEALAND GAZETTE

WESTLAND SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1971

1970 Depositors' accounts— $ 1971 $
$3,165,344 Ordinary accounts ... $3,605,718
108,996 Special accounts ... 123,975
$3,274,340 3,729,693
$1,549,062 Investment accounts ... $1,845,262
$4,823,402 5,574,955
Other liabilities—
38,477 Interest accrued on investment accounts .. 46,923
23,680 Owing to other trustee savings banks .. 4,144
2,506 Sundry creditors ... 3,167
54,234
5,000 Provision for donations ... 5,000
Provision for taxation—
Current 12,282
8,753 Deferred ... 20,710
32,992
271,304 Reserve fund ... 271,096
$5,938,277
$5,173,122
Current assets— 1971
$176,468 Cash on hand and at banks ... $161,626
241,100 Fixed deposits ... 335,431
36,994 Interest accrued on investments ... 41,419
Owing by other trustee savings banks ... 2,716
8 Sundry debtors ... 835
Total current assets ... 542,027
Investments—
2,837,098 New Zealand Government stock ... 3,082,098
111,036 Local authority securities ... 161,167
1,608,986 Mortgages ... 1,986,031
Total investments ... 5,229,296
Cost Dep'n
Price to date
$ $ $
134,862 Land and buildings ... 149,180 12,738
26,570 Furniture and equipment ...57,395 26,883
136,442
30,512
166,954
$5,173,122 $5,938,277

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1971

1970 $ 1971 $
Interest to depositors—
84,720 On open accounts ... 94,022
3,699 Closed accounts ... 3,313
23,638 Matured investment accounts ... 31,392
38,477 Accrued on investment accounts ... 46,923
$150,534 $175,650
58,089 Administrative expenses ... 69,818
2,223 Trustees' honoraria ... 1,620
8,074 Depreciation ... 9,326
8,753 Provision for taxation ... 14,495
23,744 Net profit ... 23,716
$251,417 $294,625
1970 $ 1971 $
Interest on investments—
143,689 From New Zealand Government stock ... 155,709
4,961 From local authorities ... 7,904
82,984 From mortgages ... 107,281
11,702 From other sources ... 15,090
$285,984
243,336 Income from other sources—
2,041 Commissions ... 2,108
6,040 Rent ... 6,533
$294,625

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1971

1970 $ 1971 $
2,000 Provision for donations ... 5,000
Payroll tax ... 427
27,514 Reserve fund ... 18,289
$32,514 $23,716
1970 $ 1971 $
23,744 Net profit ... 23,716
8,170 Taxation overprovided ...
600 Capital profit in sale of Government securities ...
$32,514 $23,716

P. E. L. RENTON, President.
J. J. LESLIE, General Manager.

AUDITORS’ CERTIFICATE

I have examined the records and financial accounts of the Westland Savings Bank for the year ended 31 March 1971. My examinations were made in accordance with the general principles of auditing and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.

In my opinion, the accompanying Balance Sheet with notes attached, and Profit and Loss Account present fairly the financial position of the Westland Savings Bank at 31 March 1971, and the results of its operations for the year then ended.

19 May 1971.
W. J. GUTBERLET, F.C.A.N.A., F.I.A.N.Z., Auditor.

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CONTENTS

ADVERTISEMENTS
APPOINTMENTS
BANKRUPTCY NOTICES
DEFENCE NOTICES
LAND TRANSFER ACT: NOTICES
MISCELLANEOUS—
Agricultural Pests Destruction Act: Notice
Child Welfare Act: Notice
Corrigendum
Customs Tariff: Notices
Exhibitions Act: Notice
Food and Drug Act: Notice
Harbours Act: Notice
Heavy Motor Vehicle Regulations: Notice
Indecent Publications Tribunal Act: Notices
Industrial Conciliation and Arbitration Act: Notices
Land Districts, Land Reserved, Revoked, etc.
Maori Affairs Act: Notice
Mining Act: Notice
Municipal Corporations Act: Notice
Officiating Ministers: Notices
Public Works Act: Notices
Regulations Act: Notice
Reserve Bank: Statement
Reserve Bank: Summary
Schedule of Contracts: Notices
Standards Act: Notices
Tariff and Development Board Act: Notice
Tobacco Growing Industry Act: Notice
Transport Act: Notice
Valuation of Land Act: Notice
PROCLAMATIONS, ORDERS IN COUNCIL, AND WARRANTS 1807–1809

BY AUTHORITY: A. R. SHEARER, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1971

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✨ LLM interpretation of page content

💰 Westland Savings Bank Balance Sheet as at 31 March 1971

💰 Finance & Revenue
31 March 1971
Balance Sheet, Depositors accounts, Investment accounts, Liabilities, Assets, Investments, Mortgages, Government stock
  • P. E. L. Renton, President
  • J. J. Leslie, General Manager

💰 Westland Savings Bank Profit and Loss Account for year ended 31 March 1971

💰 Finance & Revenue
31 March 1971
Profit and Loss Account, Interest to depositors, Administrative expenses, Trustees' honoraria, Depreciation, Taxation, Net profit, Interest on investments

💰 Westland Savings Bank Profit and Loss Appropriation Account for year ended 31 March 1971

💰 Finance & Revenue
31 March 1971
Profit and Loss Appropriation Account, Provision for donations, Payroll tax, Reserve fund, Net profit, Taxation

💰 Auditor's Certificate for Westland Savings Bank

💰 Finance & Revenue
19 May 1971
Auditor's Certificate, Financial accounts, Balance Sheet, Profit and Loss Account
  • W. J. Gutberlet, F.C.A.N.A., F.I.A.N.Z., Auditor

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🏛️ Governance & Central Administration
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📰 New Zealand Gazette Contents Index

📰 NZ Gazette
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