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THE NEW ZEALAND BROADCASTING BOARD. Revenue Account for the Yeab ended 31st December, 1932. jExpenditure. Income. s - To Expenditure on programmes, including £ s. d. By License fees .. •• •• 98,1<28 payments to artists, performing rights, relay lines, music, salaries and expenses of programme staff,- records, stationery, and sundry miscellaneous items 33,605 10 8 Maintenance of plant, power, salaries of engineering and operating staff .. 6,893 16 2 General expenses, including rent, rates, insurance, interest, lighting, heating, legal, audit, printing, stationery, salaries, wages, telephones, travellingexpenses, repairs and maintenance of buildings, renovations, and sundry miscellaneous charges .. •• 12,844 11 7 Administration salaries and expenses, including expenses of Advisory Council 5,315 8 0 Coverage Investigation Commission .. 733 15 0 Subsidies to "B " stations .. • • 1,097 15 10 Arbitration expenses (one-half) .. 567 7 6 Depreciation of assets .. ..20,71313 1 Transfer to Renewals and Replacements Reserve .. • - ■ • 14,000 0 0 Excess of income over expenditure .. 2,357 0 0 £98,128 17 10 £98,128 17 10 Balance-sheet as at 31st December, 1932. Liabilities. Assets* Liability to Post and Telegraph Depart- £ s. d. Cash— £ d. ment, fixed by Minister of Telegraphs as Main Account, Bank of New Zealand .. 10 0 7 price of assets acquired .. ..59,839 17 2 Imprest Account, Head Office, Bank of Less repayments as per agreement .. 5,039 17 2 New Zealand . . .. •• 2,844 16 — Station imprests, Bank of New Zealand.. 37 14 4 Balance owing .. .. •• 54,800 0 0 ~ Sundrv creditors .. .. •• 2,857 16 8 ' 7n n a Reserve for Renewals and Replacements .. 14,000 0 0 Petty cash funds . . .. .. 70 0 0 Excess of income over expenditure .. 2,357 0 0 Stocks on hand and works in progress .. 270 19 10 Prepayments .. .. ■ • • • 809 14 a Post and Telegraph Department (license fees, &c.) .. .. •• •• 26,987 11 9 Machinery and plant acquired Ist January, 1932, plus additions for year, less depreciation .. .. •• 28,102 0 10 Office and studio equipment acquired Ist January, 1932, plus additions for year, less depreciation .. 8,61326 Gramophone records acquired Ist January, 1932, less depreciation .. ■■ 1,609 18 4 Music library acquired, Ist January, 1932, less depreciation .. .. ■ • 493 4 0 Land and buildings acquired Ist January, 1932, less depreciation .. .. 3,598 6 4 Arbitration expenses .. .. .. 567 7 6 £74,014 16 8 £74,014 16 8 H. D. Vickery, Chairman. Leslie Macfarlane, \ Memberg of the Board . Geo. R. Hutchinson, j E. C. Hands, General Manager. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (500 copies), £5 ss.

By Authority : W. A. G. Skinneb, Government Printer, Wellington. —1933.

Price 6d.]

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