F—3

STATEMENTS ABRIDGED FROM ANNUAL ACCOUNTS FOR YEARS ENDED 31ST MARCH, 1948 and 1949 NATIONAL DIVISION Statement of Revenue and Expenditure Expenditure | Revenue . 1947-48. 1948-49. | 1947-48. 1948-49. Programmes 107, 043 125,720 j Licence fees 478,274 498,630 National Orchestra and concert presentation, less Interest ... .. .. .. •• f't", o'qoo proceeds of concerts 53,641 78,673 Rents 2,241 2,322 Cerieral .. •• •• 188,862 266,256 Miscellaneous .. .. .. •• 817 845 Depreciation " •• 26.747 28,303 N.Z. Listener : Excess of income .. .. 3,938 4,790 Other .. " ' 4,124 2,560 Balance carried down .. .. •• 126,903 29,583 £507,320 £531,095 £507,320 £531,095 £ £ £ £ Balance forward . •• •• 2,443,713 2,473,296 Balance, previous year .. .. .. 2,316,810 2,443,713 fiance forward Balance brought down 126,903 29,583 £2,443,713 £2,473,296 £2,443,713 £2,473,296 Statement of Assets and Liabilities Liabilities Assets 1947-48. 1948-49. 1947-48. 1948-49. Creditors •• • 32,070 23,152 Cash in bank .. .. .. .. 180,933 38,979 Appropriation Account 2,443,713 2,473,296 Imprests outstanding .. 465 Debtors and prepayments .. .. .. 68,271 00,01b Works in progress and stores .. .. .. 107,003 133,228 Newsprint stocks .. .. .. .. 6,615 16,221 Unplayed features .. .. .. •• 22,016 43,795 Investments .. .. •• •• 1,830,000 1,740,000 Land and buildings .. .. .. .. 162,026 222,008 Machinery and plant .. .. .. 62,958 179,601 Office and studio equipment .. .. .. 34,976 53,150 " B" station purchases .. .. . • 985 985 £2,475,783 £2,496,448 ' £2,475,783 £2,496,448

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