Page 4 Advertisements Column 1

Star (Christchurch), Volume XLIV, Issue 194, 17 August 1931, Page 4

Revenue and Expenditure. SUMMARY of the revenue and expenditure for the five years ending July 31, 1930, is as follows: The Radio Broadcasting Company of New Zealand, Limited.—Tabulated Revenue Account for the five years ended July 31, 1930: _ 1926. 1927. 1928. 1929. 19 y 0 Expenditure. Income. Expenditure. Income. Expenditure Income. Expenditure. Income. Expenditure. Income. „ , . .. . sd £ sd£ sd £ sd £ sd £ sd £ sd £ • s d £ sd £ «*’d Balance from the previous u 1 s a y ear 1,082 19 4 485 5 4 3,051 12 0 1,155 x 7 „ , 5,262 0 0 22,616 11 0 45.794 14 8 56,918 1 4 65 995 19 9 General expenses 6,015 7 0 18,047 4 7 '• 45,485 3 10 48,194 14 11 56 214 4 4 Interest on paid-up capital at 7J p.c. p.a. 67 12 4 599 3 7 907 1 5 1,042 2 6 1,042 3 5 Directors’ fees 250 0 0 444 10 5 750 0 0 750 o 0 Depreciation— Machinery and plant .. 262 0 0 2,818 11 4 3,450 11 10 3,873 18 3 4 853 15 6 Office and studio equip. 303 17 6 777 12 10 920 7 3 1’450 12 0 Buildings t ,_ 296 1 0 300 8 0 *341 iy 6 Balance— Loss 1,082 19 4 485 5 4 3,051 12 0 1,155 1 7 Fro H - 188 3 5 6,344 19 4 6,344 19 4 23,101 16 4 23,101 16 4 51,846 6 8 51,846 6 8 58,133 211 58,133 211 65,995 To 9 65,995 19 9 General expenses include salaries and wages, talent, rent and rates, light, heat and power, printing and stationery,travelling, teleprrams and postages, advertising, copyright, insurance, royalties and taxes, repairs and maintenance, discount, interest and exchange, legal and audit miscellaneous trade expenses. ’ (Signed) W. R. M’CALLUM, A.R.A.N.Z., A.1.A.N.Z., Auditor. The foregoing shows that, after making provision for a 7£ per cent dividend, losses were sustained for the first four years, and it was only in the fifth year that the company was able to pay the accumulated dividend on all shares. This accumulated loss amounted to £IOB2 for the first year, £485 for the second year, £3051 for the third year, and £1155 for the fourth year. In the fifth year, after paying accumulated dividends, the profit remaining was £IBB. In the first year no directors’ fees were paid. In the second and third years part fees only were paid. In the fourth year all directors received an honorarium, the total of all three directors’ fees not exceeding £750 per annum.