1254

THE NEW ZEALAND GAZETTE
No. 60

OTAGO SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1973
Interest to depositors—
On open accounts .. .. .. .. .. 835,954
Closed accounts and matured investment accounts 198,975
Accrued on investment accounts .. .. .. 346,513
Home layby accounts-suspensory free deposits .. 44
.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,381,486
Administrative expenses .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 748,222
Trustees' honoraria .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 4,429
Depreciation—
Buildings .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. $41,481
Vehicles, equipment, furniture, etc. .. .. .. .. .. .. .. .. .. .. .. $24,203
.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 65,684
Provision for taxation .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 198,683
Net profit-carried down .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 234,951
$2,633,455
Interest on investments—
From New Zealand Government stock .. .. .. .. .. .. .. .. .. .. .. $1,219,736
From local authorities stock and debentures .. .. .. .. .. .. .. .. .. 101,358
From mortgages .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,109,961
From other sources .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 74,453
Income from other sources .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 127,947
$2,633,455
PROFIT AND LOSS APPROPRIATION ACCOUNT
$ Provision for donations .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 60,000
Transfer to reserve .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 174,951
$234,951
$ Net profit-brought down .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 234,951
$234,951
BALANCE SHEET AS AT 31 MARCH 1973
Depositors’ accounts—
Ordinary accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. $31,039,113
Thrift club accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 872,673
Special purpose accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 3,473,765
Home layby accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 162,780
35,548,331
Investment accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 10,531,972
Total liability to depositors .. .. .. .. .. .. .. .. .. .. .. .. .. .. 46,080,303
National savings accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 375,551
Add interest suspense account .. .. .. .. .. .. .. .. .. .. .. .. .. .. 6,854
382,405
Other liabilities—
Interest accrued on investment accounts 346,513
Owing to other trustee savings banks .. .. .. .. .. .. .. .. .. .. .. 18,481
Staff provident fund .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 435,396
Sundry creditors .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 6,068
Total other liabilities .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 806,458
Provision for donations .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 60,000
Provision for taxation .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 367,498
Reserve fund .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,199,728
$49,896,392
Current assets—
Cash on hand and at bank .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 677,841
Fixed deposits .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,275,000
Interest accrued on investments .. .. .. .. .. .. .. .. .. .. .. .. .. 522,421
Owing by other trustee savings banks .. .. .. .. .. .. .. .. .. .. .. 6,044
Sundry debtors .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 3,281
Total current assets .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,484,587
Investments—
New Zealand Government stock at face
value (see note (i) below) .. .. .. .. .. .. .. .. .. .. .. .. .. .. 24,166,649
Local authority securities .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,915,268
Mortgages .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 19,443,089
Shares in Allied Computer Processors
Ltd., at cost .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 16,000
Total ordinary investments .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 45,541,006
National savings securities—
New Zealand Government stock at cost 375,551
Cash on hand and at bank .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 6,854
Total national savings securities .. .. .. .. .. .. .. .. .. .. .. .. 382,405
Fixed assets—
Cost Depre-
Price ciation Book
$ to Date Value
$ $ $
Land and buildings 1,808,331 434,232 1,374,099
Vehicles, equipment,
furniture, etc. .. 414,026 299,731 114,295
Total fixed assets .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,488,394
$49,896,392
Note (i)—
New Zealand Government stock at cost price-$24,086,354
W. P. WELLINGTON, President.
A. L. FLEURY, General Manager.
AUDITORS’ REPORT
We report that we have audited the books and accounts of the
Otago Savings Bank for the year ended 31 March 1973 and have
received all the information and explanations we have required.
In our opinion, the accompanying balance sheet and statement of
profit and loss present fairly the financial position of the bank at
31 March 1973 and the results of its operations for the year then
ended, in conformity with generally accepted accounting principles
applied on a basis consistent with that of the preceding year.
HUTCHISON, HULL AND CO.
GILFILLAN, GENTLES, PICKLES, PERKINS,
AND CO.)Auditors.
Dunedin, 30 April 1973.
1014
CANTERBURY SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1973
Interest to depositors—
On open accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. $1,174,824
Closed accounts and matured investment accounts 238,664
Accrued on investment accounts .. .. .. .. .. .. .. .. .. .. .. .. .. 511,140
Home layby accounts: suspensory free deposits .. .. .. .. .. .. .. .. 404
1,925,032
Administrative expenses .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,223,039
Trustees' honoraria .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 4,210
Depreciation .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 53,275
Provision for taxation .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 278,743
Net profit .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 356,675
$3,840,974
Interest on investments—
New Zealand Government stock .. .. .. .. .. .. .. .. .. .. .. .. .. 1,704,957
Local authorities stock .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 210,312
Mortgages .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 1,654,717
Other sources .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 157,331
Income from other sources .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 113,657
$3,840,974
APPROPRIATION ACCOUNT
$
Provision for donations .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 30,000
Transfer to reserve .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 326,675
$356,675
$
Net profit .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 356,675
$356,675
BALANCE SHEET AS AT 31 MARCH 1973
Depositors’ accounts—
Ordinary accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. $49,665,819
Special accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 2,390,177
52,055,996
Investments accounts .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 15,300,579
Total liability to depositors .. .. .. .. .. .. .. .. .. .. .. .. .. .. 67,356,575