Page 12 Advertisements Column 1

Press, 12 August 1986, Page 12

wo to ■ . ■ ."■ ■ . ■ ■ ■„' CALL OUR DEALERS FOR COMPETITIVE INTEREST RATES. Authorised Dealers in Foreign Auckland 589-309 Wellington 720-280 Christchurch 790-761 Deposits are unsecured and issued to Prospectus dated 18 June 1986, available ' from N.Z.I. Securities Limited, "' - Private Bag, Auckland. 'g •

KN.Z.I. SECURITIES Securing the Future BATES 3946 n

Equiticorp Chairman’s Review 1986 ■■Ultrai “Equiticorp achieves substantial but carefully planned growth in profits and assets.” The results of our second year of The moves toward economic operation show the benefits of prudent deregulation in-Australia and New management and'soundly planned Zealand provide a challenging growth. Equiticorp Holdings Ltd and its environment in which we are continually subsidiary and associate companies improving the quality of our operations recorded a net profit after tax for the year and concentrating our attention on larger to 31 March 1986 of $30,400,000. businesses with strong market positions. Our performance has continued to I believe our development thrust generate client and share market will provide the desired benefits in the support. We remain committed to the future, objective of ensuring that the Group ✓ develops strongly in the defined areas G-% — of activity: finance/banking and , investment. A. R. Hawkins, Chairman ~1 GROWTH IN Abbreviated Balance Sheet TOTAL ASSETS ($ MILLIONS) Equiticorp Holdings Limited and Subsidiary Companies 1200 — -g 3i March 1986 Liabilities s’ooo Assets s’ooo JjßMfi 600 -fIMKBn Shareholder's Funds 150,630 Receivables & Securities 698,667 Minority Interest 3,211 Investments 296,335 Borrowings & Deposits 1,001,262 Fixed Assets 54,585 I Other Current Liabilities 60,750 Other Current Assets 166,266 I 1.215,853 LdBHfIHHHHH MAR MAR MAR I 1884 1985 19861 For a copy of the 1986Annual Report contact: Auckland Wellington Christchurch Sydney P 0 Box 7240 P 0 Box 3538 P 0 Box 3225 P.O. Box 2558 Phone (09) 395-561 Phone (04) 731-357 Phone (03) 795-062 Ph0ne(00612)251-3511 @ Equiticorp MMHARMANSI292 * ■ ■ — ■,■■■■■■ ■■■ ■■■■.._■ ■ ' " —• ./ . *•* * ; -u s - ’ ■ f: