12 JANUARY THE NEW ZEALAND GAZETTE 59

A.N.Z. SAVINGS BANK (NEW ZEALAND) LTD.

BALANCE SHEET AS AT 30 SEPTEMBER 1977

| 1976 | | 1977 |
| NZ$000 | | NZ$000 |
| Shareholders' funds— | | |
| 500 | Authorised capital .. .. .. | 500 |
| | Issued capital— | |
| | 250,000 ordinary shares of $2 each | |
| 500 | fully paid .. .. .. | 500 |
| 3,150 | General reserve .. .. .. | 4,100 |
| 350 | Contingencies reserve .. .. .. | .. |
| 538 | Profit and loss appropriation account .. | 533 |
| 4,538 | | 5,133 |

| Current liabilities and provisions— | | |
| Depositors' balances: | NZ$000 | |
| 96,512 | Ordinary accounts .. .. | 98,744 |
| 1,372 | Thrift accounts .. .. | 1,379 |
| 186 | Home lay-by accounts .. .. | 180 |
| 42,590 | Investment accounts .. .. | 51,848 |
| .. | | 152,151 |
| .. | Provision for taxation .. .. | 49 |
| | Other liabilities including | |
| 2,878 | interest accrued .. | 3,242 |
| .. | | 155,442 |
| 305 | Deferred liabilities— | |
| | Provision for deferred taxation .. | 412 |
| $148,381 | | $160,987 |

| Current assets— | | |
| 1976 | | 1977 |
| NZ$000 | | NZ$000 |
| | Deposits with Australia and New Zea- | |
| 7,522 | land Banking Group Ltd. .. | 11,129 |
| | New Zealand Government stock (Note | |
| | 2)— | |
| 59,550 | 3½% special issue .. .. | 55,270 |
| 5,010 | 7% special issue .. .. | 2,960 |
| .. | 10% special issue .. .. | 4,600 |
| 25,343 | Other .. .. .. | 29,852 |
| 5,005 | Local authority securities (Note 2) .. | 6,781 |
| 17 | Other investments .. .. | 17 |
| 663 | Income accrued on investments .. | 787 |
| 139 | Current taxation overpaid .. | .. |
| 103,249 | | 111,396 |
| 45,132 | Mortgage and other loans (less provision | |
| | for doubtful debts) .. .. | 49,591 |
| $148,381 | | $160,987 |

B. B. DICKINSON
N. R. FROST
A. J. McLEAN,
Directors.
Secretary.

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 1977

| 1976 | | 1977 |
| NZ$000 | | NZ$000 |
| 4,530 | Interest to depositors .. .. | 5,639 |
| 2,297 | Management and operating expenses... | 2,836 |
| 6,827 | Total expenses .. .. | 8,475 |
| 403 | Provision for taxation .. .. | 487 |
| .. | Net profit for period .. .. | 595 |
| 7,855 | | 9,557 |

| Income from:— | | |
| 1976 | | 1977 |
| NZ$000 | | NZ$000 |
| | New Zealand Government stock and local | |
| 4,016 | authority securities .. .. | 4,587 |
| 3,214 | Mortgage and other loans .. .. | 4,078 |
| 625 | Other .. .. .. | 892 |
| 7,855 | | 9,557 |

PROFIT AND LOSS APPROPRIATION ACCOUNT

| 1976 | | 1977 |
| NZ$000 | | NZ$000 |
| 50 | Transfer to contingencies reserve .. | .. |
| 450 | Transfer to general reserve .. .. | 600 |
| 538 | Balance carried forward .. .. | 533 |
| $1,038 | | $1,133 |

| 1976 | | 1977 |
| NZ$000 | | NZ$000 |
| 473 | Balance brought forward .. .. | 538 |
| 565 | Net profit for period .. .. | 595 |
| $1,038 | | $1,133 |

NOTES FORMING PART OF THESE ACCOUNTS

1. Bases of accounting.

These accounts are prepared on an historical basis. The following significant accounting principles have been applied:

(a) Premiums and discounts on dated investments are amortised from the date of purchase to maturity on a straight line basis. Realised profits and losses on sales of investments are taken to profit and loss account in equal instalments over five years commencing with the year in which disposal takes place. As redeemable quoted investments are normally held to or near maturity, no provision is considered necessary for any difference between the book amounts and the market values of such individual stocks quoted below book amounts at the balance date, neither have any transfers been made from reserves or out of the current year's profits to write them down, apart from the amortisation of premium on stocks bought above par referred to above.

(b) Provision for taxation includes an appropriate adjustment for deferred taxation.

2. The market value of Government and local authority securities at 30 September 1977 was $93,467,000 (1976 $91,083,000).

3. There is a contingent liability for subsidies on home lay-by accounts.

4. The names of other group companies in New Zealand are listed for reference:

Australia and New Zealand Banking Group Ltd.
A.N.Z. Custodians Ltd.
A.N.Z. Holdings Ltd.
A.N.Z. Nominees Ltd.
ANZ Pensions (UK) Ltd.
ANZ Pensions Pty. Ltd.
Fifty-seven Willis Street Ltd.

REPORT OF THE AUDITORS TO THE MEMBERS OF A.N.Z. SAVINGS BANK (NEW ZEALAND) LTD.

We have obtained all the information and explanations that we have required. In our opinion, proper books of account have been kept by the company so far as appears from our examination of those books. In our opinion, and to the best of our information and the explanations given to us, and as shown by the said books, the Balance Sheet and Profit and Loss Account are properly drawn up so as to give respectively a true and fair view of the state of the company's affairs as at 30 September 1977, and of the results of the business for the year ended on that date.

According to such information and explanations, the Accounts, the Balance Sheet and the Profit and Loss Account give the information required by the Companies Act 1955, in the manner so required.

HUNT DUTHIE & CO., Chartered
Accountants
HUTCHISON HULL & CO., Chartered
Accountants
Wellington, New Zealand, 10 November 1977
98

Joint Auditors.

NEW ZEALAND FRIENDLY SOCIETIES ACT 1909
ADVERTISEMENT OF DISSOLUTION BY INSTRUMENT

NOTICE is hereby given that the Sons of Temperance United Division No. 1, Register No. 170(11), held at Christchurch is dissolved by instrument, registered at this office the 15th day of December 1977, unless within 3 months from the date of the Gazette in which the advertisement appears proceedings be commenced by a member or other person interested in or having a claim on the Funds of the Society to set aside such dissolution, and the same be set aside accordingly.

O. D. GOOD, Registrar.
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