B—l [PT. IV]
SOUTH ISLAND-HYDRO-ELECTRIC-POWER SUPPLY— continued Profit and Loss Account for Year ended 31st March, 1945, compared with Year ended 31st March, 1944— continued Net Revenue and Appropriation Account
Depreciation Reserve Account
16
— 1944-45. 1943-44. 1944-45. 1943-44. Interest (gross) for year Less interest capitalized Depreciation on completed works Loan Redemption Fund Social security charge, national security tax, income-tax £ 328,387 30,170 £ 298,217 159,237 2,213 143,249 £ 283,299 14,810 Balance from Gross Revenue Account Transfer from Reserve Fund (Finance Act (No. 2), 1944, section 9) £ 602,916 £ 570,125 86,766 268,489 29,797 254,866 103,739 602,916 656,891 602,916 656,891
— 1944-45. 1943-44. 1944-45. 1943-44. Replacements, renewals, &c. Balance £ 14,092 1,175,970 £ 18,425 991,178 Balance from previous year's statement Interest at 4 per cent, per annum Amount set aside as per Net Revenue and Appropriation Account £ 991,178 39,647 159,237 £ 942,121 37,685 29,797 1,190,062 1,009,603 1,190,062 1,009,603
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