B.—l [PT. IV

NATIONAL BROADCASTING SERVlCE—continued COMMERCIAL DIVISION Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ £ Income £ Expenditure on programmes, including payment Sales of station time .. .. .. .. 258,205 to artists, hire of speoial recordings, relay Accreditation fees.. .. .. .. .. 14 lines, and sundry miscellaneous items .. 21,365 Service fees .. .. .. .. .. 2,573 Less sundry programme charges borne by Interest on investments .. .. .. 1,441 advertisers .. .. .. .. 10,793 Miscellaneous receipts .. .. .. .. 11 10,572 Reduction of Bad Debts Reserves provided in previous Broadcasting rights and copyright .. .. .. 5,832 years but not required .. .. .. .. 656 General administrative and running expenses, including rents, rates, and insurance, lighting and heating, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of office and studio fittings, operation and maintenance of transmitting equipment, advertising, commission, and sundry miscellaneous items .. .. .. 145,394 Depreciation provision and writing down of assets .. 4,430 Balance carried down : Net profit for year .. .. 96,672 £262,900 £262,900 £ £ £ Donation to National Patriotic Fund .. .. 1,000 Balance brought forward from previous year .. 39,47G Reserve for taxation .. .. .. 81,000 Balance brought down .. .. 96,672 Less balance of provision made, 1942-43 accounts .. .. .. .. 317 80,683 Balance .. .. .. .. .. 54,465 £136,148 £136,148 Balance-sheet as at 31st March, 1944 Liabilities £ Assets £ Creditors.. .. .. .. .. .. 6,039 Office and studio equipment, including furniture, typeRevenue received in advance .. .. .. 1,771 writers, office mechanical applicances, and library .. 18,059 Deposit Account .. .. .. .. .. 280 Records and music .. .. ~ .. 2,484 Reserve for taxation .. .. .. .. 81,000 Payments in advance .. .. .. .. 64 Writings off Reserve .. .. .. .. 1,313 Unplayed episodes of features .. .. 2,558 Income and Expenditure Account .. .. .. 54,465 Stock .. .. .. .. .. .. 3,537 £ Debtors .. .. .. .. .. 25,438 Less Reserve for Bad Debts .. ~ 500 24,938 Investments .. .. .. .. .. 70,000 Cash in bank .. .. .. .. .. 21,035 Cash on deposit .. .. .. .. .. 280 Writings off, Suspense .. .. .. ~ 1,313 £144,868 £144,868 James Shelley, Director of Broadcasting. E. L. Hutchens, A.R.A.N.Z., Acting-Accountant (Commercial Division). 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.

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