1784
THE NEW ZEALAND GAZETTE
No. 83

New Zealand Government stock cost price $19,309,822.47.
Contingent liability—
Subsidy on home loan accounts capital commitment $5,900.
R. M. BARCLAY, President.
D. H. BLANCHETT, General Manager.

We have examined the balance sheet of the Taranaki Savings Bank as of 31 March 1976, and the related profit and loss account for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.

In our opinion, the accompanying balance sheet and profit and loss account present fairly the financial position of Taranaki Savings Bank at 31 March 1976, 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.

WYNYARD, GLASGOW, FOX & CO.
Chartered Accountants.

New Plymouth, 24 May 1976.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 1976

Interest to depositors—
On open accounts .. .. .. 766,556 733,358
Closed accounts and matured investment accounts .. .. 372,596 206,000
Accrued on investment accounts .. 190,517 258,662
Home layby, home loan suspensory free deposits .. .. 4,783 2,245
1,334,452 1,200,265
Administrative expenses .. .. 863,503 688,936
Trustees honoraria .. .. 6,923 4,674
Depreciation .. .. 42,337 33,518
Provision for taxation .. .. 147,000 155,000
Net profit .. .. 189,466 205,666
2,583,681 2,288,059

Interest on investments—
New Zealand Government stock .. 1,030,904 1,003,719
Local authorities stock .. 5,542 6,490
Mortgages .. .. 1,206,128 1,068,127
Personal loans .. .. 24,897 7,153
Other sources .. .. 221,746 157,129
2,489,217 2,242,618
Income from other sources .. .. 94,464 45,441
2,583,681 2,288,059

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1976

Provision for donations .. .. .. 30,000 50,000
Loss on disposal of securities .. .. 15,528 157
Share of loss Northern Trustee Computerbank Ltd. .. .. .. 1,176 ..
Reserve account .. .. .. 146,772 172,968
193,476 223,125

Donation reserve balance .. .. 1,430 4,457
Profit on disposal of property .. 2,580 13,002
Net profit .. .. 189,466 205,666
193,476 223,125

1425

AUCKLAND SAVINGS BANK
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1976

Interest to depositors—
On open accounts .. .. .. 7,111,433
Closed accounts and matured investment accounts .. 1,607,861
Accrued on investment accounts .. .. 2,640,668
Home lay-by accounts: suspensory free deposits .. 46,457
$11,406,419
Administration expenses .. .. .. 6,667,130
Trustees’ honoraria .. .. .. 6,122
Depreciation .. .. .. 733,335
Provision for taxation .. .. .. 1,658,028
Net profit—carried down .. .. 2,185,073
$22,656,107

Interest on investments—
From New Zealand Government stock .. .. 9,253,112
From local authorities stock .. .. 1,719,737
From mortgages .. .. 9,242,246
From personal loans .. .. 126,332
From other sources .. .. 1,677,900
$22,019,327
Income from other sources .. .. 636,780
$22,656,107

APPROPRIATION ACCOUNT FOR YEAR ENDED 31 MARCH 1976

Provision for donations .. .. .. 350,000
Sundry creditors—31 March 1975 .. .. 108,943
Transfer to reserve .. .. .. 1,736,783
$2,195,726

Net profit—brought down .. .. .. 2,185,073
Sundry debtors—31 March 1975 .. .. 10,653
$2,195,726

BALANCE SHEET OF AUCKLAND SAVINGS BANK AS AT 31 MARCH 1976

Depositors’ accounts—
Personal cheques .. .. 2,406,062
Ordinary accounts .. .. 286,279,543
Investment accounts .. .. 79,516,284
$368,201,889

Total liability to depositors .. .. 553,310
National savings accounts .. .. 11,108
Add interest suspense account .. .. 564,418

Other liabilities—
Sundry creditors .. .. 119,834
Interest accrued on investment accounts .. .. 2,640,668
Staff provident and welfare funds .. 2,661,716
Total other liabilities .. .. 5,422,218
Provision for donations .. .. 350,000
Provision for taxation .. .. 2,912,191
Reserve fund .. .. 19,497,862
$396,948,578

Current assets—
Cash on hand and at bank .. .. 4,113,758
Sundry debtors .. .. 44,468
Fixed deposits .. .. 23,500,000
Interest accrued on investments .. 3,668,140
$31,326,366

Investments: at cost—
New Zealand Government stock .. 174,464,824
Local authority securities .. 28,490,017
Mortgages .. .. 149,807,966
Loans—personal .. .. 1,507,234
Total ordinary investments .. .. 354,270,041
National savings securities—
New Zealand Government stock .. 564,418
Total national savings securities .. .. 564,418