Financial Reports and Notices




2882
THE NEW ZEALAND GAZETTE
No. 118

e. Investments—Investments are disclosed at cost except for Government stock which is at cost adjusted by interest accrued contained in the purchase price, and by the amortisation on a straight line basis of premiums and discounts over the term of the investment. In accordance with this policy the amortisation debited to revenue for the financial year amounts to $3,280. (1980: $57,479 credit).

  1. Investments—
1981 Nominal Value 1981 Book Value 1980 Nominal Value 1980 Book Value
N.Z. Government stock 36,514,175 36,535,763 30,495,351 30,551,417
Local authority stock 164,668 164,668 331,044 331,044
36,678,843 36,700,431 30,826,395 30,882,461

The market value of the bank’s Government stock holding is $31,841,232. Since stocks are generally held until dates of maturity, differences in market value and book value have little financial effect on the bank.

  1. Fixed Assets—
1981 Cost 1981 Accum. Depn. 1981 Book Value 1980 Cost 1980 Accum. Depn. 1980 Book Value
Freehold buildings 1,105,878 89,309 1,016,569 744,648 66,904 677,744
Office machinery 727,368 254,381 472,987 527,784 201,106 326,678
Other fixed assets 633,635 292,684 340,951 498,471 265,934 232,537
Land at Govt. value 333,773 333,773 363,350 363,350
Total fixed assets 2,800,654 636,374 2,164,280 2,134,253 533,944 1,600,309

The current Government valuation of land and buildings is $756,573. Costs of additions since: $546,628.

  1. Administration Expenses—
1981 $ 1980 $
Audit fee 10,000 8,000
Depreciation 160,053 123,886
Mortgage interest 30,448 16,707
Trustees fees 18,870 8,160
  1. Commitments—

Loans approved but not yet uplifted .. .. .. .. $3,122,932
Premises development .. .. .. .. .. .. .. .. .. $12,533

R.N. CARTER, President.
E. ROBERTSON, General Manager.

AUDITORS’ REPORT TO THE TRUSTEES OF THE EASTERN AND CENTRAL SAVINGS BANK

We have examined the balance sheet of the bank as at 31 March 1981, and the related revenue account and statement of changes in financial position 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, revenue account and statement of changes in financial position present fairly, using the historical cost method, the financial position of the bank at 31 March 1981, and the results of its operations and the changes in financial position for the year then ended, in conformity with generally accepted accounting principles applied on the basis consistent with that of the preceding year.

BROWN WEBB AND CO., Chartered Accountants.
Hastings, 19 May 1981.

THE NEW ZEALAND GAZETTE

The New Zealand Gazette is published on Thursday evening of each week, and notices for insertion must be received by the Government Printer before 12 o’clock of the day preceding publication.

Advertisements are charged at the rate of 20c per line.

All advertisements should be written on one side of the paper, and signatures, etc., should be written in a legible hand.

ELECTORAL ROLLS

Government Bookshops no longer handle the sale of Electoral Rolls. Inquiries should be directed to the Director-General, Post Office, Electoral Roll Control Centre, P.O.H.Q., Wellington.

GENERAL PUBLICATIONS

NEW ZEALAND ARCHITECTURE
By Martin Hill
DEPARTMENT OF EDUCATION

44 p. 1976. $1.25

Beautifully illustrated with colour and black and white photographs, sketches and diagrams, this booklet shows the development of New Zealand’s architecture from the time of the first settlers, the early Maoris, to present day designs in housing and commercial buildings.

Ten sections include: The pa and the natural environment; Materials and form; New colonial styles; Architecture of extravagance; Natural design; The new look.

NEW ZEALAND AND THE EUROPEAN COMMUNITY
NEW ZEALAND PLANNING COUNCIL

81 p. 1978. $3.50

An independent assessment of the major issues bearing on New Zealand’s future relations with the European Community.

NEW ZEALAND HOUSEHOLD SURVEY REPORT 1976–77
DEPARTMENT OF STATISTICS

60 p. 1978. $2.20

This report on the household survey is the second volume to be published in New Zealand providing detail of the expenditure patterns of the New Zealand population.

The volume contains information relating to three years’ data collection.

Part A. 1 April 1976–31 March 1977.
Part B. 1 April 1975–31 March 1976.
Part C. 1 July 1974–30 June 1975.

CONTENTS

ADVERTISEMENTS ........................ 2804
APPOINTMENTS .......................... 2832
BANKRUPTCY NOTICES .................... 2861
LAND TRANSFER ACT: NOTICES ............ 2862

MISCELLANEOUS—
Commerce Act: Notice .................. 2844
Corrigendum .......................... 2831
Disabled Persons Employment Promotion Act: Notice 2838
Electoral Act: Notice .................. 2841
Electrical Wiring Regulations: Notice .. 2841
Finance Act: Notice .................. 2838
Forests Act: Notice .................. 2838
Import Control Regulations: Notice ... 2844
Local Government Act: Notice ......... 2842
Maori Affairs Act: Notices ........... 2840
Maori Appellate Court Sittings: Notice 2843
National Development Act: Notice ..... 2838
Post Office Act: Notice .............. 2841
Public Works Act: Notices ............ 2833
Regulations Act: Notice .............. 2854
Reserve Bank: Exchange Rates ......... 2843
Sales Tax Act: Notice .............. 2845
Sale of Liquor Act: Notices .......... 2842
Schedule of Contracts: Notices ....... 2851, 2860
Standards Act: Notices ............. 2844
Transport Act: Notices ............. 2838

PROCLAMATIONS, ORDERS IN COUNCIL, AND WARRANTS ... 2831

Price $1.90
BY AUTHORITY: P. D. HASSELBERG, GOVERNMENT PRINTER, WELLINGTON, NEW ZEALAND—1981


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✨ LLM interpretation of page content

💰 Notes to the Accounts of Eastern and Central Savings Bank (continued from previous page)

💰 Finance & Revenue
Accounting Policies, Financial Reporting, Savings Bank
  • R.N. CARTER, President
  • E. ROBERTSON, General Manager

💰 Auditors' Report to the Trustees of the Eastern and Central Savings Bank

💰 Finance & Revenue
19 May 1981
Auditing, Financial Statements, Savings Bank
  • BROWN WEBB AND CO., Chartered Accountants

📰 New Zealand Gazette Publication Information

📰 NZ Gazette
Publication Schedule, Advertisement Rates

🏛️ Electoral Rolls Sale Information

🏛️ Governance & Central Administration
Electoral Rolls, Sales Information

🎓 General Publications Announcements

🎓 Education, Culture & Science
Publications, Architecture, Statistics

📰 Contents and Index of the Gazette

📰 NZ Gazette
Contents, Index, Gazette
  • P. D. HASSELBERG, GOVERNMENT PRINTER