1870
THE NEW ZEALAND GAZETTE
No. 71

CANTERBURY SAVINGS BANK
BALANCE SHEET AS AT 31 MARCH 1977

Depositors’ accounts:
Current accounts .. .. .. $2,067,450
Ordinary accounts .. .. .. 93,567,066
Investment accounts .. .. .. 31,953,793
Housing bonds .. .. .. 216,200
Total liability to depositors .. .. $127,804,509

Other liabilities:
Interest accrued on investment accounts .. .. 979,999
Mortgages .. .. .. 16,500
Owing to other trustee savings banks .. .. 25,583
Remittances in transit .. .. 274,008
Staff provident fund .. .. 795,202
Sundry creditors .. .. 201,692
Total other liabilities .. .. 2,292,984
Provision for donations .. .. 60,000
Provision for taxation .. .. 642,808
Premiums due on redemption of Government stock .. .. 117,470
Reserve fund .. .. 2,778,134
$133,695,905

Current assets:
Cash on hand and at bank .. .. $3,509,237
Fixed deposits .. .. .. 2,049,908
Interest accrued on investments .. .. 1,207,108
Owing by other trustee savings banks .. .. 70,267
Prepayments .. .. .. 22,619
Remittances in transit .. .. 245,485
Sundry debtors .. .. .. 33,467
Total current assets .. .. $7,138,091

Investments:
New Zealand Government stock .. .. 59,463,000
Local authority securities .. .. 7,207,540
Mortgages .. .. .. 55,495,540
Personal loans .. .. .. 972,149
Total ordinary investments .. .. 123,138,229

Fixed assets:
Land and buildings .. Cost Price $2,757,549 Depreciation To Date 165,491 Book Value $2,592,058
Vehicles, equipment, furniture, etc. .. 1,523,417 695,890 827,527
Total fixed assets: .. .. $3,419,585
$133,695,905

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1977

Interest to depositors:
On open accounts .. .. .. $2,232,678
Closed accounts and matured investment accounts .. .. 1,062,833
Accrued on investment accounts .. .. 979,999
Home layby accounts suspensory free deposits .. .. 275
4,275,785

Administration expenses .. .. .. 3,645,109
Trustees’ honoraria .. .. .. 6,405
Depreciation .. .. .. 269,278
Provision for taxation .. .. .. 515,120
Net profit .. .. .. 571,533
$9,283,230

Interest on investments:
New Zealand Government stock .. .. $3,227,537
Local authorities stock .. .. 440,546
Mortgage .. .. .. 4,741,568
Other sources .. .. .. 543,750
Income from other sources .. .. 329,829
$9,283,230

APPROPRIATION ACCOUNT

Provision for donations .. .. .. $60,000
Transfer to reserve .. .. .. 511,533
$571,533

Net profit .. .. .. $571,533
$571,533

AUDITORS’ REPORT

We, the undersigned, being the auditors of the Canterbury Savings Bank, appointed in terms of section 29 (3) of the Trustee Savings Banks Act 1948, report that we have examined the accompanying balance sheet, profit and loss account, and notes, and have obtained all the information and explanations we have required. We are of the opinion that proper books of account have been kept by the bank, that the balance sheet, accounts, and notes comply with the Trustee Savings Banks Act 1948, and that they give a true and fair view of the state of affairs of the bank as at 31 March 1977 and of its results for the year ended on that date.

Gillfillan & Co.

JOHN MATHISON, President.
FRANK DICKSON, General Manager.

6 May 1977.
1966

AUCKLAND SAVINGS BANK
PROFIT AND LOSS ACCOUNT

Interest to depositors:
1977 $ 1976 $
On open accounts .. .. 7,438,781 7,111,433
Closed accounts and matured investment accounts .. .. 2,495,331 1,607,861
Accrued on investment accounts .. .. 3,589,976 2,640,668
Accrued on housing bonds .. .. 22,974 –
Home lay-by accounts: suspensory free deposits .. .. 56,040 46,457
Sub-total .. .. 13,603,102 11,406,419
Administrative expenses .. .. 8,153,078 6,667,130
Trustees’ honoraria .. .. 6,730 6,122
Depreciation .. .. 550,888 733,335
Provision for taxation .. .. 1,643,462 1,658,028
Net profit: carried down .. .. 2,214,847 2,185,073
$26,172,107 $22,656,107

Interest on investments:
1977 $ 1976 $
From New Zealand Government stock .. .. 10,086,984 9,253,112
From local authorities stock .. .. 1,740,161 1,719,737
From mortgages .. .. 11,246,513 9,242,246
From personal loans .. .. 256,191 126,332
From other sources .. .. 2,101,832 1,677,900
Sub-total .. .. 25,431,681 22,019,327
Income from other sources: .. .. 740,426 636,780
$26,172,107 $22,656,107

APPROPRIATION ACCOUNT

1977  $  1976  $
Provision for donations  ..  ..  400,000  350,000
Net extraordinary items  ..  ..  1,567  107,522
Transfer to reserve  ..  ..  3,006,674  1,741,106
$3,408,241  $2,198,628

1977  $  1976  $
Net profit, brought down  ..  ..  2,214,847  2,185,073
Over provision for donations  ..  ..  5,408  13,555
Over provision for taxation  ..  ..  1,187,986  –
$3,408,241  $2,198,628