B.—l [Pt. IV, Sup. B].

ELECTRIC SUPPLY ACCOUNT— continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1924.

12

1922-23. 1923-24. 1922-23. 1923-24. £ s. d. 915 5 0 To Interest on capital Depreciation on plant (2 per cent, on value of assets in operation) £ s. d. 4,165 8 0 £ s. d. 5?5 0 0 By Rental of plant leased to Wairoa Power Board Loss for year. . £ s. d. 2,100 0 0 3,473 19 0 1,408 11 0 525 0 0 5,573 19 0 915 5 0 5,573 19 0 Loss for year, as above Loss carried forward at 1st April, 1923 3,473 19 0 390 5 0 .... . I Accumulated loss to date carried to balance-sheet 3,864 4 0 I ~ £3,864 4 0 £3,864 4 0 Depreciation Reserve. £ s. d. 1,408 11 0 By Amount set aside as per Profit and Loss Account . £1,408 11 0 £ s. d. 1,408 11 0 Balance carried to balance-sheet £1,408 11 0 Balance-sheet at 31st March, 1924. 1922-23. Liabilities. 1923-24. 1922-23. Assets. I 1923-24. £ s. d. 72,894 15 9 4,146 6 11 Balance carried to general balance-sheet Sundry creditors .. Depreciation reserve £ s. d. I £ s. d. 79,583 6 9 11,920 11 4 20 5 3 18.550 17 3 1,408 11 0 27,564 5 10 j 6,334 10 7 I 227 0 6 1,714 16 10 335 10 0 1,000 0 0 2,780 10 11 5,697 14 5 £ s. d. Access roads and bridges .. .. .. .. .. 11,431 10 10 Pipe-lines .. .. .. .. 18,474 8 0 Power-house building and machinery .. .. .. 25,443 0 0 Compensation for land .. .. .. .. 6,625 1 11 Headworks .. . . . . .. .. .. 278 17 3 Staff cottages .. .. .. .. .. .. 2,950 15 9 Workmen's huts.. .. .. .. .. ..- 1,260 1 5 Workshop .. .. .. .. .. .. 407 18 5 Loose plant Telephone-line to Wairoa .. .. .. 1,000 0 0 Survey, engineering, and office expenses .. .. .. 3,053 11 0 Interest during construction .. .. .. .. 5,697 14 5 76,622 19 0 Sundry debtors .. .. .. .. .. .. 525 0 0 Balance from Profit and Loss Account: Accumulated loss to date.. .. .. .. .. .. .. 3,864 4 0 76,125 17 8 525 0 0 390 5 0 £77,041 2 8 £81,012 3 0 £77,041 2 8 £81,012 3 0