TARANAKI SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1973

1973

Depositors' accounts—
Ordinary accounts 21,719,292
Thrift club .. 987,169
Home layby .. 510,008
Christmas club .. 87,435
$23,303,904
Investment
accounts .. 9,145,580

Total liability to
depositors .. 32,449,484
National savings
accounts .. 164,199
Add interest suspense account .. 3,211
$167,410
Other liabilities—
Interest accrued
on investment
accounts .. 241,455
Sundry creditors .. 12,609
Remittances in transit .. 6,183
$260,247
Provision for donations .. 50,000
Provision for taxation .. 241,970
Reserve fund .. 1,766,943
$34,936,054

Current assets—
Cash in hand and at
bank .. 570,924
Fixed deposits .. 1,855,000
Interest accrued on
investments .. 282,644
Sundry debtors .. 120
Remittances in transit .. 2,348
$2,711,036
Investments (at par
value)—
New Zealand
government
stock .. 16,883,480
Local authority
securities .. 89,363
Mortgages .. 14,398,490
$31,371,333
National savings
securities—
New Zealand
government
stock .. 160,000
Cash on hand and
at bank .. 7,410
$167,410
Total national
savings
securities ..
Fixed assets (at
cost)—
Land and buildings 644,228
Vehicles, office
equipment,
furniture, etc. .. 316,806
$961,034
Less depreciation to
date .. 274,759
$686,275

1972

Depositors' accounts—
Ordinary accounts 19,060,023
Thrift club .. 850,655
Home layby .. 376,618
Christmas club .. 74,839
$20,362,135
Investment
accounts .. 8,824,364

Total liability to
depositors .. 29,186,499
National savings
accounts .. 188,795
Add interest suspense account .. 3,990
$192,785
Other liabilities—
Interest accrued
on investment
accounts .. 232,349
Sundry creditors .. 7,817
Remittances in transit .. 3,152
$243,318
Provision for donations .. 40,000
Provision for taxation .. 254,631
Reserve fund .. 1,650,017
$31,567,250

Current assets—
Cash in hand and at
bank .. 765,169
Fixed deposits .. 1,555,000
Interest accrued on
investments .. 257,453
Sundry debtors .. 527
Remittances in transit .. 1,741
$2,579,890
Investments (at par
value)—
New Zealand
government
stock .. 16,103,180
Local authority
securities .. 97,551
Mortgages .. 11,931,776
$28,132,507
National savings
securities—
New Zealand
government
stock .. 185,000
Cash on hand and
at bank .. 7,785
$192,785
Total national
savings
securities ..
Fixed assets (at
cost)—
Land and buildings 633,120
Vehicles, office
equipment,
furniture, etc. .. 269,694
$902,814
Less depreciation to
date .. 240,746
$662,068

Contingent liability—

Subsidy on home layby accounts .. .. .. .. $5,000
New Zealand Government Stock
Cost Price .. .. .. .. .. 16,800,110.40

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1973

To Interest to depositors—
On open accounts .. .. .. .. $578,143
Closed accounts and matured investment
accounts .. .. .. .. .. 189,401
Accrued on investment accounts .. .. 241,455
Home layby accounts: suspensory free deposits .. .. 190
$1,009,189
Administrative expenses .. .. .. .. 467,248
Trustees' honoraria .. .. .. .. 4,023
Depreciation .. .. .. .. .. 34,389
Payroll tax .. .. .. .. .. 5,665
Provision for taxation .. .. .. 123,000
Net profit .. .. .. .. .. 165,461
$1,808,975
By Interest on investments—
From New Zealand Government
stock .. .. .. .. 855,933
From local body debentures .. .. 3,970
From mortgages .. .. .. .. 815,447
From other sources .. .. .. .. 96,878
$1,772,228
Income from other sources .. .. .. 36,747
$1,808,975

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1973

To Provision for donations .. .. .. $50,000
Loss on disposal of securities .. .. 4,106
Reserve account .. .. .. .. 116,925
$171,031
By Donation reserve balance .. .. .. $5,570
Net profit .. .. .. .. .. 165,461
$171,031

DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1973

To Interest to depositors—
On open accounts .. .. .. .. $578,143.60
Closed accounts and matured
investment accounts .. .. .. 189,400.80
Accrued on investment accounts .. 241,455.09
Home layby accounts: suspensory free deposits .. .. 190.00
$1,009,189.49
Administrative expenses—
Salaries and wages .. .. .. 303,037.08
Trustees' honoraria .. .. .. 4,023.00
Printing, advertising, and
stationery .. .. .. .. 43,140.09
Rates and insurance premiums .. 10,093.34
Share of earthquake premiums
of properties mortgaged to
the bank .. .. .. .. 328.55
Mortgage inspection expense
account .. .. .. .. .. .. .
Staff provident fund contributions 17,172.52
Rent branch premises .. .. .. 4,150.58
Lighting and heating .. .. .. 4,818.55
General office expenses .. .. 74,660.92
Expenses maintaining bank
premises .. .. .. .. .. 9,845.15
Depreciation .. .. .. .. .. 34,389.35
Payroll tax .. .. .. .. .. 5,665.31
Provision for taxation .. .. .. 123,000.00
Net profit .. .. .. .. .. 165,461.23
$1,808,975.16