H—3s

NEW ZEALAND NATIONAL AIRWAYS CORPORATION Balance-sheet as at 31st Maech, 1949 Capital and Liabilities £ s. d. | Assets £ s. d« Capital: Advances from New Zealand Government ! Aircraft and flight equipment (see provision for under section 25 of New Zealand National Airways obsolescence, £130,868 lis. 6d.) .. .. .. 571,974 14 11 Act, 1946 .. .. .. .. .. 1,225,000 0 0 £ s. d. Reserves— £ s. d. Land and buildings at cost .. .. 177,115 4 0 Insurance .. .. .. 24,425 1 2 Less depreciation .. .. 10,843 1 7 Replacements.. .. .. 13,510 0 9 166,272 ' 2 5 37,935 111 Plant, equipment, and tools .. .. 97,020 1 9 Creditors— Less depreciation .. .. 10,826 1 7 Sundry creditors .. .. 229,908 19 7 ■ 86,203 0 2 Accrued liabilities .. .. 51,180 3 10 Motor-vehicles .. .. .. 21,178 13 1 Deferred credits .. .. 43,178 3 1 Less depreciation .. .. 5,633 7 6 324,267 6 6 15,545 5 7 Provision for obsolescence— Office furniture, fittings, &c. .. 33,433 15 10 On aircraft engines and propellers 130,868 11 6 Less depreciation .. .. 2,658 6 7 On spare parts .. .. 78,533 0 0 30,775 9 3 209,401 11 6 Spare parts and stores (see provision for obsolescence, £78,533) .. .. .. ..- .. 322,495 11 1 Debtors— £ s. d. Sundry debtors .. .. .. 106,250 2 8 Agents'balances .. .. 31,819 14 10 Accrued assets .. .. .. 18,561 11 5 Deposits and prepayments .. 6,503 12 11 Pacific services : Recoverable balances .. .. .. 64 >365 19 2 227,501 1 0 Carried forward .. .. .. 1,796,603 19 11 Carried forward .. .. .. 1,420,767 4 5

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