ELECTRIC LIGHTING.

Dominion, Volume 5, Issue 1430, 3 May 1912, Page 6

ELECTRIC LIGHTING.

A CREDIT BALANCE OF XG2B3. Operations in the Electric Lighting Department for tho year ended March 1)1, 1912, resulted in a credit balance of JJG2S3 being carried to the balance-sheet. The surplus from the net revenue account was ,£B93S, as compared with £i3ii 'for the Tear 1910-11. Appropriations in 1911-12 totalled £M'oi, and in 1910-11, £1002. The credit balanco transferred to the balance-' sheet on March 31, 1911, was .£313, an amount exceeded, for the year just ended, by nearly £6000. Revenue Account. Sale of current, etc., produced last year an income of .£51,720. In 1910-11, sale of current, etc., produced £15,53", The principal items of expenditure were: •t Generation of cloctricilv 11,21!) 'Distribution of clcetrii-ity ">,IWI Oncral cxpciiM-s VSO Tola! working orpcn-eF .... Tn 1310-11 the norkifls cipcuscs totalled

I A balance is r:irrircl to the not revenue account of .LJII.IS7. The corresponding balance in I'.IIIMI was .t21,!)77. Net Revenue Account. The not revenue account shows that the balance (it lias been allocated as under, (ho allocations for ]illG-ll being shown in parentheses:— Interest on ca|iilal, «£7t!l (J;74OC). Sinking fund, .Killill (.£.'111!)). Depreciation. .tI7."il!) (.£17,(i32). A balance of ,tB!WS is carried to the appropriation account. Tin- corresponding balance in WNI-tl was ..C l.'St.t. Tho appropriation account shows the expenditure of a sum of .£21151 in renewals of plant, repairs, amounts writ toil oft', etc., leaving a balance of .-CliStiU to bo transferred to the balance-sheet. Balancs-Shect. The balance-sheet shows a total capital expenditure of .C;ilifl,s!)3. A credit balance oi ,ililT2 lias brought forward from the previous year and the balance for 1011-12 brings tip the total credit: balance on the capital account to .£13,153.