B—l [Pt. IV]

NEW ZEALAND BROADCASTING SERVICE— continued COMMERCIAL DIVISION— continued Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ Creditors .. .. .. .. .. .. 89,370 Cash in bank .. .. .. .. .. .. 104,491 Deposit Account .. ~ ~ ~ ~ .. 264 Cash on deposit .. .. .. .. .. .. 264 Revenue received in advance . . . . .. .. 1,382 £ Provision for taxation .. .. .. .. .. 82,000 Debtors and prepayments .. .. .. 36,348 Writings off provision .. ~ .. .. .. 226 Less provision for bad debts .. .. .. 485 Appropriation Account .. .. .. ..109,885 35,863 Investments : New Zealand Government securities .. .. 120,000 Land and buildings .. .. .. .. .. 3,830 Machinery and plant .. .. .. .. .. 3,806 Office and studio equipment .. .. .. .. 14,647 Assets in Suspense .. .. .. .. .. 226 £283,127 £283,127 James Shelley, Director of Broadcasting. E. L. Hutchens, Acting-Accountant. I liereby 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.— J. P. Rutherford, Controller Auditor-General.

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