5. —1 [PT. IV|

NATIONAL COMMERCIAL BROADCASTING SERVICE Income and Expenditure Account for the Year ended 31st March, 1943 Expenditure £ £ Income. £ Expenditure on programmes, including payment Sales of station time .. .. .. .. 232,354 to artists, hire of special recordings, relay Accreditation fees .. . ■ • ■ ■ ■ 18 lines, and sundry miscellaneous items .. 23,186 Service fees .. .. .. •• •• Less sundry programme charges borne by Interest on investments .. .. .. •• advertisers .. .. .. 10,435 Miscellaneous receipts .. .. .. .. 6 12,751 Broadcasting rights and copyright .. .. ■ ■ <5,274 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, and sundry miscellaneous items .. ' •• •• 137,428 Depreciation provision and writing down of assets .. 8,963 Balance carried down : Net profit for year .. .. 69,507 £234,923 £234,923 £ £ Donation to National Patriotic Fund .. .. 500 Balance brought forward from previous year .. .. 25,487 £ Balance brought down .. .. .. •• 69,507 Reserve for taxation . . .. .. 56,000 Less balance of provision made, 1941-42 accounts . . • • ■ • • • 082 55,018 Balance .. .. .. •• •• 39,476 £94,994 Balance-sheet as at 31st March, 1943 Liabilities £ Assets . CVeditors 4,772 Office and studio equipment, including furniture,. typeRevenue received in advance 1,292 writers, office mechanical appliances and library .. 21287 Deposit Account 299 Records and music 3,0H Reserve for taxation 56,000 Payments in advance 9J Writings off Reserve .. . . .. •• 1,237 Unplayed episodes of features 3,04> Income and Expenditure Account .. .. 39,476 Stock .. .. . • •• •• • • -,*U> Debtors .. .. . • • • .. 23,884 Less reserve for bad debts .. .. 1,450 22,434 Investments: Treasury bills .. .. .. 40,000 Cash in bank .. .. .. •• 8,879 Cash on deposit .. .. .. ■ • • • 290 Writings off suspense .. . • ■ • • • 1,237 £103,076 £103,076 E. L. Htjtchens, A.R.A.N.Z., Acting-Accountant. ] 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,

23