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THE NEW ZEALAND BROADCASTING BOARD. Revenue Account foe the Year ended 31st December, 1933. Expenditure. j Income. £ ' s. dTo Expenditure on programmes, including payments to artists, performing rights, £ s. d. ] By License fees .. .. .. .. .. .. .. 124,942 1 4 relay lines, music, salaries and expenses of programme staff, records, Net interest .. .. .. .. .. .. .. .. 686 16 .3 stationery, and sundry miscellaneous items .. .. .. .. 39,450 4 9 Maintenance of plant, power, salaries of engineering and operating staffs .. 7,796 12 7 General expenses, including rent, rates, insurance, lighting, heating, legal, audit, printing, stationery, salaries and wages, telephones, travelling-expenses, repairs and maintenance of buildings, and sundry miscellaneous charges 10,875 16 8 Administration salaries and expenses, including expenses of Advisory Council 6,037 0 9 Subsidies to "B" stations .. .. .. .. .. .. 2,619 10 0 Arbitration expenses (written off) .. .. .. . • • • 567 7 6 Depreciation of assets .. .. .. .. •• 17,889 3 2 Appropriation towards meeting capital expenditure .. .. .. 38,000 0 0 Balance .. .. .. .. ■ • . ■ • • • • 2,393 2 2 £125,628 17 7 £125,628 17 7 Balance-sheet as at 31st December, 1933. Liabilities. Assets. Accumulated Fund— £ s. d. £ s. d. Land and buildings— £ s. d. £ s. d. Balance of Revenue Account at 31st December, 1932 .. 2,357 0 0 Value at Ist January, 1933, less depreciation .. . . 2,065 4 5 Appropriation from Revenue Account towards meeting capital Additions during 1933 at cost, less depreciation .. .. 22,305 8 7 expenditure .. .. .. •• •• 38,000 0 0 — 24,370 13 0 40,357 0 0 Machinery and plant— Reserve for renewals and replacements .. .. .. .. 14,000 0 0 Value at Ist January, 1933, less depreciation .. .. 15,393 2 9 Liability to Post and Telegraph Department, fixed by Minister of Additions during 1933 at cost, less depreciation .. .. 11,960 2 0 Telegraphs as price of assets acquired .. .. .. 59,839 17 2 27,353 4 9 Less repayments, as per agreement .. .. .. 10,039 17 2 Office and studio equipment— 49,800 0 0 Value at Ist January, 1933, less depreciation .. .. 7,188 8 8 Sundry creditors .. .. •• •• •• •• •• 15,814 18 5 Additions during 1933 at cost, less depreciation .. .. 805 12 11 Revenue Account: Balance at 31st December, 1933 .. .. .. 2,393 22 — 7,994 1 7 "B" Station equipment acquired 4th December, 1933 .. .. .. 3,800 0 0 Stocks on hand and works in progress .. .. .. .. 288 3 11 Sundry debtors and prepayments .. .. .. .. .. i 098 3 1 Post and Telegraph Department— License Pees Account .. .. .. .. .. 28,442 1 4 Investment Account .. .. .. .. .. 23,000 0 0 51,442 1 4 Cash at bank and in hand—At bank .. .. .. .. .. .. 5,933 12 11 In hand .. .. .. .. .. .. 85 0 0 6,018 12 11 £122,365 0 7 £122,365 0 7 H. D. Vickery, Chairman. Geo. R. Hutchinson, 1 ~ , ~, _ Leslie Macfarlane, ) Memb ers of the Board. 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.

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