✨ Financial Statements
1890
No. 69
WANGANUI SAVINGS BANK
BALANCE SHEET as at 31 March 1975
| 1974 | $ | 1975 | $ | |
|---|---|---|---|---|
| Depositors' accounts— | ||||
| Savings and thrift accounts | 12,592,210 | 12,898,623.43 | ||
| Personal cheque accounts | 4,221,131 | 160,233.73 | ||
| Investment accounts | 52,666 | 4,566,663.99 | ||
| Add accrued interest | 59,168.47 | |||
| Total liability to depositors | 16,866,007 | 17,684,689.62 | ||
| Current liabilities— | ||||
| Owing to other trustee savings banks | 17,689 | 24,951.83 | ||
| Sundry creditors | 47,639 | 38,106.62 | ||
| Provision for donations | 13,145 | 12,100.00 | ||
| Total current liabilities | 78,473 | 75,158.45 | ||
| Other liabilities— | ||||
| Mortgages | 52,907 | 121,425.00 | ||
| Provision for future taxation | 66,206 | 75,140.06 | ||
| Provision for future loss on sale of statutory investments | 25,874 | 53,351.00 | ||
| Total other liabilities | 144,987 | 249,916.06 | ||
| Reserve fund— | ||||
| Balance, 31 March 1974 | 137,289 | 187,954.03 | ||
| Add balance, appropriation account | 62,238 | 25,217.62 | ||
| Less provision for loss on realisation of investments | 11,573 | 27,477.00 | ||
| Less loss on realisation of investments | 1,957.47 | |||
| 187,954 | 183,737.18 | |||
| Add premiums due on redemption | 5,918 | 10,085.34 | ||
| Balance, 31 March 1975 | 193,872 | 193,822.52 | ||
| Revaluation reserve (note 1) | 133,934.00 | |||
| 193,872 | 327,756.52 | |||
| $17,283,339 | $18,337,520.65 | |||
| Current assets— | ||||
| Cash on hand and at bankers | 200,147 | 141,442.83 | ||
| Fixed deposits at bankers | 224,200 | 190,000.00 | ||
| Short-term investments | 123,045 | 480,585.26 | ||
| Interest accrued on investments | 149,974 | 171,672.31 | ||
| Owing by other trustee savings banks | 10,046 | 2,382.38 | ||
| Sundry debtors and prepayments | 15,714 | 6,645.30 | ||
| Taxation paid in advance | 22,909.00 | |||
| Less provision for taxation | 3,614 | 468.83 | ||
| Stationery on hand (note 2) | 15,333 | 22,440.17 | ||
| Total current assets | 742,073 | 36,905,23 | ||
| Other assets— | 1,052,073.48 | |||
| Computer charges at cost | 23,255 | |||
| Less accumulated amounts written off | 15,807 | 4,294 | 18,961.00 | |
| Cheque establishment charges at cost | 3,500 | |||
| Less accumulated amounts written off | 1,030 | 2,470.00 | ||
| Total other assets | 15,807 | 21,431.00 | ||
| Investments (at face value)— | ||||
| Government stock (note 3) | 8,380,740 | 8,183,140.00 | ||
| Local authority securities | 813,945 | 851,760.26 | ||
| Mortgages (note 4) | 6,400,086 | 7,175,118.22 | ||
| Fixed deposits | 546,000 | 416,000.00 | ||
| Personal loans | 158,931 | 181,952.78 | ||
| Less future years interest | 17,085.09 | 164,867.69 | ||
| Total investments | 16,299,702 | 16,790,886.17 | ||
| Fixed assets— | ||||
| Per schedule at value (note 1) | 335,347 | 565,007.18 | ||
| Less accumulated depreciation | 109,590 | 91,877.18 | ||
| Total fixed assets | 225,757 | 473,130.00 | ||
| $17,283,339 | $18,337,520.65 |
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VUW Te Waharoa —
NZ Gazette 1975, No 69
NZLII —
NZ Gazette 1975, No 69
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💰 Wanganui Savings Bank Balance Sheet as at 31 March 1975
💰 Finance & RevenueBalance Sheet, Savings Bank, Financial Statements, Wanganui