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NATIONAL COMMERCIAL BROADCASTING SERVICE. Income and Expenditure Account fob the Year ended 31st March, 1941. Expenditure. Income. Expenditure on programmes, including payment £ £ £ to artists, hire of special recordings, relay Sales of station time .. .. .. .. 205,953 lines, and sundry miscellaneous items .. 15,975 Accreditation fees .. .. .. .. 34 Less sundry programme charges borne by Service fees .. .. .. .. .. 1,774 advertisers .. . . .. .. 6,923 Miscellaneous receipts .. .. .. .. 3 9,052 Broadcasting rights and copyright .. .. .. 7,037 General administrative and running expenses, including rents; rates and insurance; lighting, heating, and power ; legal and audit; printing and stationery ; salaries and wages; telephone services ; repairs and maintenance of buildings; plant, and office and studio equipment; advertising ; commission ; participation in New Zealand Centennial Exhibition; and sundry miscellaneous items .. .. .. .. 124 ,653 Interest .. .. .. .. .. .. 2,319 Bad debts .. .. .. .. .. 20 Depreciation provision and writing-down of assets .. 12,599 Balance carried down : Net profit for year .. .. 52,084 207,764 207,764 £ £ Short Provision Taxation Reserve, 1940 .. .. 742 Balance brought forward from previous year .. .. 417 Reserve for taxation, 1941 .. .. .. .. 37,250 Balance brought down .. .. .. .. 52,084 Balance .. .. .. .. .. .. 14,509 52,501 52,501 1 — Balance-sheet as at 31st March, 1941. Liabilities. ' Assets. £ £ Advances from Broadcasting Account .. .. 40,108 Land and buildings .. .. .. 4,707 Creditors — £ Transmitting and technical equipment .. .. 20,685 Sundry .. .. .. .. 1, 155 Office and studio equipment, including furniture, typeDepartmental .. .. .. .. 610 writers, office mechanical appliances, and library .. 20,877 Commission .. .. .. .. 2,105 Purchase of Station IZB, Auckland .. .. .. 18 3,870 Records, music, and script .. .. .. .. 4,502 Revenue received in advance .. .. .. 137 Highcliff relay installation .. .. .. .. 200 Income-tax deposits of staff .. .. .. .. 1 Work in progress .. .. .. .. .. 1,659 Deposits on account of prize-money for competitions . . 262 Payments in advance .. .. .. .. 69 Deposit Account .. .. .. .. .. 75 Unplayed episodes of features .. .. .. 3,819 Reserve for taxatiQn .. .. .. .. 37,250 Stocks of spares, transmitting, and technical equipment 11,224 Writings-off, reserve .. .. .. .. 961 Debtors— £ £ Income and Expenditure Account .. .. .. 14,509 Sundry .. .. 21,343 Departmental .. .. .. 1,914 23,257 Less reserve for bad debts .. 2,093 21,164 Cash in bank .. .. .. .. .. 7,213 Cash on deposit .. .. .. .. .. 75 Writings-off, suspense .. .. .. .. 961 £97,173 £97,173 C. G. Scrimgeour, Controller. I hereby certify that the Income and Expenditure 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.—Cyril G. Collins, Controller and Auditor-General.

Approximate Cost, of Paper.—Preparation, not given ; printing (725 copies), £18 10a.

Authority: E. V. Paul, Government Printer, Wellington. —1941.

Price 6d.]

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