28 MAY

THE NEW ZEALAND GAZETTE

1559

SOUTHLAND SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1980

1980

Depositors' accounts—
Ordinary accounts ........................ 65,320,337
Housing bonds ............................ 103,250
Investment accounts ...................... 6,164,520
Term deposits ............................ 23,026,900

Total liability to depositors ............ 94,615,007

National savings accounts— ............... 11,408
Add interest suspense account ............ 432 ........ 11,840

Other liabilities—
Interest accrued on investment accounts .. 341,717
Interest accrued on term deposits ........ 969,680
Interest accrued on housing bonds ........ 1,944
Mortgages ................................ ..
Owing to other trustee banks ............. ..
Remittances in transit ................... ..
Staff provident fund ....................... ..
Sundry creditors ......................... 203,323
Others (details) ...........................

Total other liabilities .................. 1,516,664
Provision for donations .................. 60,000
Provision for taxation—
Current ................................ 65,570
Deferred ............................... 412,542 ........ 478,112

Reserve fund ............................. 5,562,710

$102,244,333

1980 ................................. $

Current assets—
Cash on hand and at bank ................. 2,850,858
Fixed deposits ........................... 9,324,000
Interest accrued on investments ........ 972,056
Remittances in transit ...................
Sundry debtors ......................... 7,356 ........ 13,154,270

Investments—
New Zealand Government stock ........... 35,289,430
Local authority securities ............... 7,436,743
Mortgages .............................. 40,827,699
Personal loans ........................... 1,378,349

Total ordinary investments ............. 84,932,221

National savings securities
New Zealand Government stock ........... 11,840
Cash on hand and at bank .................

Total national savings securities ...... 11,840

Fixed assets—
..................... Cost ........ Depreci- ........ Book
..................... Price ....... ation ........... Value
..................................... to Date
Land and buildings ........ 4,084,034 ...... 282,092 ...... 3,801,942
Vehicles, equipment, furni-
ture, etc. .................. 907,845 ...... 563,785 ........ 344,060

Total fixed assets ....................... 4,146,002

$102,244,333

PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1980

....................................... $

Interest to depositors—
On open accounts ......................... 1,595,788
Closed accounts, matured Investment accounts and term deposits and redeemed housing bonds ........................ 1,387,729
Accrued on investment accounts, term deposits and housing bonds ........................ 1,313,341
Home layby accounts—Suspensory free deposits

Sub-total ................................ 4,296,858
Administration expenses ................ 2,909,369
Trustees honoraria ..................... 10,530
Depreciation ........................... 110,381
Provision for taxation ................... 524,814
Net profit carried down ................ 719,809

$8,571,761

$

Interest on Investments—
From New Zealand Government stock ........ 2,413,150
From New Zealand Government registered treasury bills .............................. 138,320
From local authorities stock ............. 569,128
From mortgages ........................... 3,946,279
From other sources ....................... 1,184,685

Sub-total ................................ 8,251,562
Income from other sources ................ 320,199

$8,571,761

APPROPRIATION ACCOUNT

Provision for donations .................. 60,009
Transfer to reserve ...................... 659,800

$719,809

Net profit brought down ................ ........ ........ 719,809

$719,809

R. W. POWLEY, President.
V. J. PETRIE, General Manager.

AUDITORS' REPORT

The balance sheet and profit and loss account of the Southland Savings Bank for the year ended 31 March 1980, together with the notes thereto, are in agreement with the books which in our opinion have been properly kept.

In our opinion, according to the best of our information and the explanation given to us, the following balance sheet, profit and loss account and the notes thereto present fairly the financial position of the Southland Savings Bank as at 31 March 1980, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year.

HUTCHISON HULL & CO., Auditors.
Invercargill, 15 May 1980.

1953

AUCKLAND SAVINGS BANK

BALANCE SHEET

1980

Depositors' accounts— ........................ $ ........................ $
Savings accounts .............................. ........ 383,743,673
Personal cheques .............................. ........ 12,669,430
............................................... ........ 396,413,103
Term accounts ................................. ........ 218,059,223
Housing Bonds ................................. ........ 1,017,350

Total liability to depositors ............... ........ 615,489,676
National savings accounts ................... ........ 327,613
Add interest suspense account ............... ........ 6,647

............................................... ........ 334,260

Other liabilities—
Interest accrued on term accounts ........... ........ 6,123,647
Interest accrued on housing bonds ........... ........ 19,695
Interest accrued on solicitor's trust ....... ........ 257,771
Sundry creditors .............................. ........ 842,215
Other (detail) ................................ ........ ..

Total other liabilities ..................... ........ 7,243,328
Provision for donations ..................... ........ 500,000
Provision for current taxation .............. ........ ..
Provision for deferred taxation ............... ........ 3,228,840
Reserve fund ................................ ........ 31,959,264

$658,755,368

Note—
Capital commitments ......................... ........ 2,352,000
Mortgages approved but not advanced ......... ........ 9,590,000

1980

Current assets—
Cash on hand and at bank .................... ........ 16,191,061
Fixed deposits .............................. ........ 32,500,000
Interest accrued on investments ............. ........ 7,199,810
Owing by other trustee savings banks ........ ........ 810,000
Sundry debtors .............................. ........ 32,311
Taxation refund due ......................... ........ 411,362

57,144,544