B—l [Pt. IV]

Expenditure £ Income £ Expenditure on programmes, including salaries of programme staff 142,814 License fees .. .. .. .. .. .. 435,813 Maintenance of plant, including salaries of engineering and Receipts from New Zealand Listener .. .. .. 39,625 operating staffs .. .. .. .. .. 80,780 Interest .. .. .. .. .. .. 21,686 General administrative and running expenses, including salaries Rent .. .. .. .. .. .. .. 1,184 of administrative and clerical staffs .. .. .. 51,454 Commercial Division: Technical services and recoveries on Expenditure on New Zealand Listener .. .. .. 29,949 account of programme material .. .. .. .. 41,730 Subsidies to " B stations ~ ' .. .. .. 225 Payments to stations operating under contract .. .. 973 Expenditure on broadcasting units with the N.Z.E.F. overseas 2,448 Tro9p entertainment in New Zealand .. .. .. 7,622 Contribution to Public Service Superannuation Fund .. 826 Depreciation of assets .. .. .. .. .. 18,024 Balance, transferred to Accumulated Fund .. .. .. 204,923 £540,038 £540,038 Balance-sheet as at 31st March, 1945 Liabilities £ £ Assets £ Accumulated Fund— Land and buildings .. .. .. .. .. 168,351 Balance as at Ist April, 1944 .. .. .. 1,681,940 Machinery, plant, and tools .. .. .. .. 15,092 Transfer from Revenue Account .. .. 204,923 Office and studio equipment .. .. .. ....... 23,056 1,886,863 "B" Station purchases .. .. .. .. 985 License fees paid in advance .. .. .. .. 70,314 Works in progress and stocks of technical equipment and valves 45,978 Sundry creditors .. .. .. .. .. 40,963 Newsprint stock .. .. .. ' 4,078 Sundry debtors and prepayments .. .. .. 110,775 £ Investments in New Zealand Government securities 1,570,000 Accrued interest thereon .. .. .. 1,355 1,571,355 Cash at bank .. ... .. .. .. 58,470 £1,998,140 £1,998,140 James Shelley, Director of Broadcasting. E. L. Hutchens, A.R.A.N.Z., Acting-Accountant. I hereby 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 and Auditor-General.

NATIONAL BROADCASTING SERVICE Income and Expenditure Account for the Year ended 31st March, 1945

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