✨ Financial Statements
THE NEW ZEALAND GAZETTE
No. 159
AUCKLAND SAVINGS BANK
BALANCE SHEET AS AT 31 MARCH 1986
| 1986 | 1985 | |
|---|---|---|
| $000 | $000 |
Current Assets:
Cash and liquid investments | 317,513 | 112,066 |
Sundry debtors and accruals | 32,600 | 21,732 |
Taxation refund due | | 397 |
| 350,113 | 134,195 |
Investments:
New Zealand Government and local authorities (note 4) | 414,875 | 454,537 |
Loans and advances | 662,908 | 618,328 |
Interest in partnerships and associated company (note 5) | 10,563 | 7,355 |
| 1,088,346 | 1,080,220 |
Fixed assets: (note 6) | 67,471 | 26,775 |
| $1,505,930| $1,241,190|
Depositors' balances | 1,348,632 | 1,149,373 |
Current Liabilities:
Sundry creditors and accruals| 28,330 | 17,392 |
Income taxation payable | 837 | - |
Provision for donations | 750 | 650 |
| 29,917 | 18,042 |
Provision for deferred taxation | 10,027 | 5,888 |
Term loans | 4,856 | 5,293 |
Reserves:
Retained earnings | 71,918 | 62,592 |
Asset revaluation reserve (note 8) | 40,580 | - |
| 112,498 | 62,592 |
| $1,505,930| $1,241,190|
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED 31 MARCH 1986
| 1986 | 1985 | |
|---|---|---|
| $000 | $000 |
Income from operations | 216,582 | 148,558 |
Less: Expenditure:
Interest and administration expenses | 193,659 | 129,508 |
Trustees fees and allowances | 65 | 46 |
Depreciation | 3,362 | 2,675 |
| 197,086 | 132,229 |
Net profit before taxation | 19,496 | 16,329 |
Less: provision for taxation | 8,799 | 7,033 |
Net profit after taxation before extraordinary items | 10,697 | 9,296 |
Less: extraordinary items (note 7) | 627 | - |
Net profit after taxation and extraordinary items | 10,070 | 9,296 |
Balance of retained earnings 31 March 1985 | 62,592 | 53,946 |
| 72,662 | 63,242 |
Less: provision for donations (net) | 744 | 650 |
Balance of retained earnings 31 March 1986 | $71,918 | $62,592 |
Auckland, 22 May 1986.
T. J. HARRIS, President.
L. E. EDMONDS, General Manager.
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VUW Te Waharoa —
NZ Gazette 1986, No 159
NZLII —
NZ Gazette 1986, No 159
✨ LLM interpretation of page content
💰 Auckland Savings Bank Balance Sheet as at 31 March 1986
💰 Finance & RevenueBalance Sheet, Financial Statements, Auckland Savings Bank, 1986
- T. J. Harris, President
- L. E. Edmonds, General Manager
💰 Auckland Savings Bank Profit and Loss Account for Year Ended 31 March 1986
💰 Finance & RevenueProfit and Loss Account, Financial Statements, Auckland Savings Bank, 1986
- T. J. Harris, President
- L. E. Edmonds, General Manager