New Zealand Gazette – 1981 – No. 72

Page 1728

✨ Financial Statements

1728 THE NEW ZEALAND GAZETTE No. 72

SOUTH CANTERBURY SAVINGS BANK

BALANCE SHEET AS AT 31 MARCH 1981

Liabilities	1981	1980
Depositors' Balances—
3% accounts	16,542,670	15,646,857
Current accounts	1,413,059	1,067,366
Term Deposits—
30 days to 3 months	447,076	198,207
3 months to 6 months	602,642	193,750
1,049,718
Investment Accounts—
6 months	2,855,875	1,700,665
1 year	7,485,591	2,406,003
2 years	1,451,361	1,474,786
3 years	9,558,386	9,330,303
21,351,213	14,911,757
Housing Bonds	42,670	45,870
40,399,330	32,063,807
Other Liabilities—
Interest accrued on investment accounts	561,077	351,247
Sundry creditors	72,251	36,763
Provision for taxation	100,974	184,894
Prepaid	184,892	103,763
Tax payable	83,918	81,130
Provision for grants	30,000	30,000
Premium due on redemption of Government stock	16,050	16,050
Reserve Fund—
Balance at 31 March 1980	750,654	548,761
Add balance of profit and loss appropriation account, 31 March 1981	93,413	201,892
844,067	750,653
TOTAL LIABILITIES	$41,922,775	$33,329,650

Assets	1981	1980
Current Assets—
Cash in hand and at bank	1,086,898	446,458
Fixed deposits	1,541,000	2,241,000
Interest accrued on bank investments	541,421	326,879
Branch items in transit	..	285
Tax overpaid	83,918	..
3,253,237	3,014,622
Investments—
New Zealand Government stock (face value)	15,600,000	12,100,000
Local authority securities	2,328,986	2,261,196
Mortgages	19,269,920	15,066,070
Personal loans	854,517	..
Less interest yet to mature	134,463	..
720,054	447,162
Term loans	53,720	..
Visa/Overdrafts	37,144	..
38,009,734	29,874,428
Fixed assets—
Land	53,023	31,863
Buildings	256,234	171,043
Leasehold premises	10,940	12,617
Office equipment and furniture	276,529	223,077
Motor vehicles	37,993	..
634,719	440,600
Premium paid on purchase of Government stock	25,085	..
TOTAL ASSETS	$41,922,775	$33,329,650

SOUTH CANTERBURY SAVINGS BANK

PROFIT AND LOSS ACCOUNT FOR YEAR ENDING 31 MARCH 1981

Expenses	1981	1980
To interest credited and accrued to depositors	2,484,236	1,667,488
To charges and administration expenses	1,267,700	953,441
To depreciation	72,239	52,167
To Trustees fees	18,750	7,915
To Provision for taxation	100,974	184,893
To net profit to profit and loss appropriation account	123,413	225,981
TOTAL	$4,067,312	$3,091,885

Income	1981	1980
By interest:
N.Z. Government stock	1,223,556	976,608
Local authorities	208,758	174,794
Fixed deposits	405,436	344,932
Visa/Overdrafts	1,282	..
Mortgages	2,084,973	1,501,382
Personal loans	81,783	47,627
Term loans	869	..
Total investment income	4,006,657	3,045,343
By commission, brokerage, etc.	57,755	44,782
By rents received	2,900	1,760
TOTAL	$4,067,312	$3,091,885

PROFIT AND LOSS APPROPRIATION ACCOUNT FOR YEAR ENDING 31 MARCH 1981

Appropriations	1981	1980
To provision for grants	30,000	30,000
To balance to reserve fund	93,413	201,892
TOTAL	$123,413	$231,892

Sources	1981	1980
By balance of funds appropriated for grants 1980 not distributed	..	450
By refund of income tax	..	5,461
By net profit from profit and loss account	123,413	225,981
TOTAL	$123,413	$231,892

J. H. SOMERVILLE, President.
D. R. PARKER, General Manager.

(Notes to these accounts appear on separate pages attached hereto)

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VUW Te Waharoa — NZ Gazette 1981, No 72

NZLII — NZ Gazette 1981, No 72

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✨ LLM interpretation of page content

💰 South Canterbury Savings Bank Balance Sheet for 1981

Domain💰 Finance & Revenue
KeywordsBalance sheet, Liabilities, Assets, Depositors' Balances, Term Deposits, Investment Accounts, Housing Bonds, Other Liabilities, Reserve Fund, Current Assets, Investments, Fixed assets
👩‍💼 Officials

J. H. Somerville, President
D. R. Parker, General Manager

💰 South Canterbury Savings Bank Profit and Loss Account for 1981

Domain💰 Finance & Revenue
KeywordsProfit and loss, Expenses, Income, Interest, Administration expenses, Depreciation, Trustees fees, Taxation
👩‍💼 Officials

J. H. Somerville, President
D. R. Parker, General Manager

💰 South Canterbury Savings Bank Profit and Loss Appropriation Account for 1981

Domain💰 Finance & Revenue
KeywordsAppropriations, Grants, Reserve fund, Income tax, Net profit
👩‍💼 Officials

J. H. Somerville, President
D. R. Parker, General Manager

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