B—l [PT. IV], SUP. to 1932.

Balance-sheet as at 31st March, 1932.

I hereby" certify that the Balance-sheet and accompanying accounts have been duly examined and ' for audit and correctly state the position as disclosed thereby.-J. H. Fowler, Deputy Controller and Auditor-General, 25/7/32.

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO-WAIKAREMOANA ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account for the Year ended 31st March, 1932, compared with Year ended 31st March, 1931-continued. Depreciation Reserve Account.

22

,930-31. ] "l 1! " 1 193 J Z l I931 " 32 ' £ a. d. 6 884 6 6 223,257 6 8 \ By Balance at close of previous year 284,965 15 2 11,066 19 0 To Replacements, renewals, Sec. ■■ ■■ •• 355 ' 12 2 99 8 925 0 9 Interest at 4 per cent, per annum .. .. .. 11,359 4 I 284,965 15 2 Balance .. •• •• •• ■■ •• ' 63,850 6 9 ' Amount set aside as per Net Revenue Account .. 65,681 16 5 i £362,006 15 9 £296,032 14~2 £362,006 15 9 | £296,032 14 2 -. 1 •=;

" " iqqi -so 1910-11 Assets. 1931-32. 1930-31. Liabilities. 1931-32. 1930 6L \ " " I £ s d £ s. d. I £ s. d. £ s. d. £ s. d. £ a. . 9 9 f l 197 189 4 8 i Works at Mangahao—Headworks, power- 11,202,526 0 3 284,965 15 2 Depreciation Reserve .. .• •• •• ' ' ' house, machinery, &c. 17 860 3 8 516,520 6 8 j Works at Waikaremoana — Headworks, 518,618 8 9 15,699 18 10 Sundry creditors .. •• •• •• 1 " ___J , power-house, machinery, &c. j— 1,721,144 9 0 Balance carried to General Balance-sheet- 18 10 I Transmission-lines •• 762,661 19 1 4,107,455 13 7 Total assets; as per contra .. "' To 5 333 746 0 10 i Substations •• •• 4 fA]] 10 . ! 300,665 14 0 Less total liabilities as above .. 3 900 026 J6 11 I 28,695 9 2 ! Plant, motor-vehicles, construction tools, &c. .. 14,941 7 8 — — ' ' i 105550 7 10 ! Service buildings, workmen's accommoda- .. 98,022 19 4 3,806.789 19 7 tion, &c. 39,682 9 10 I Temporary development, Waikaremoana .. .. ™o 1 7 3*768 4 7 Harbour facilities, Waikokopu .. .. .. 3,792 4 7 202,683 6 4 Salaries and expenses of Engineers and .. ZiS.itKi o others on surveys and during construction 73,214 19 6 I Cost of raising loans .. .. •■ •• oqsrki q n 293,878 14 3 Interest during construction .. .. .• Zits.bOl 6 u 3,498,840 2 6 6 76,657 19 5 I Stocks on hand .- .. •• •• to'ool 10 0 64 667 18 4 Sundry debtors, payments in advance, &c. .. of «o, Tα V 467,289 13 4 Accumulated loss to date .. .. •• J^ — —— — ■ —— " " _ . -1 -1 I .. _* j_"L j.1 l!n« V. n r\ A /1 Tvi aYi 4*.Q on hmiffon