B.—l [PT. IV]

NATIONAL COMMERCIAL BROADCASTING SERVICE Income and Expenditure Account fob the Year ended 31st March, 1942 Expenditure £ £ Income £ Expenditure on programmes, including payment Sales of station time .. .. .. 224,515 to artists, hire of special recordings, relay Accreditation fees .. .. .. . . 20 lines, and sundry miscellaneous items .. 23,407 Service fees .. . . 2 073 Less sundry programme charges borne by Interest on investments . . . . . . . . 50 advertisers .. .. .. .. 12,732 Miscellaneous receipts .. .. .. .. 9 . . 10,735 Bad Debts Reserve .. .. .. .. 244 Broadcasting rights and copyright .. .. .. 5,933 General administrative and running expenses, including rents ; rates and insurance ; lighting, heating, and power ; legal and audit; printing and stationery ; salaries and wages ; telephone services ; repairs and maintenance of buildings, plant, and office and studio equipment; advertising; commission; and sundry miscellaneous items .. .. .. 133,135 Interest .. .. .. .. ~ .. 520 Depreciation provision and writing down of assets .. 13,605 Balance carried down : Net profit for year .. .. 62,983 £226,911 £226,911 £ £ Short provision for taxation, 1941 .. .. 5 Balance brought forward from previous year .. 14 509 Reserve for taxation, 1942 .. .. .. .. 52,000 Balance brought down .. .. .. " 62*983 Balance .. .. .. .. .. .. 25,487 ■ £77,492 Balance-sheet as at 31st March, 1942 Liabilities Assets Creditors £ £ £ Sundry .. .. .. .. .. 2,034 Land and buildings .. .. .. .. 4,491 Departmental .. .. .. .. 4,495 Transmitting and technical equipment .. .. 18^397 Commission .. .. .. .. 2,117 Office and studio equipment, including furniture, type8,646 writers, office mechanical appliances, and library .. 24,620 Revenue received in advance .. .. .. 652 Records and music .. .. .. .. 3,733 Deposit Account .. .. .. .. .. 137 Highcliff relay installation .. .. .. 100 Reserve for taxation .. .. .. .. 52,000 Work in progress .. .. .. .. 1,132 Writing off reserve .. .. .. 667 Payments in advance .. .. .. .. '138 Income and Expenditure Account .. .. .. 25,487 Unplayed episodes of features .. .. .. 3,308 Stocks of spares, transmitting and technical equipment 9,412 Debtors— £ £ Sundry .. .. .. 19,922 Departmental .. .. .. 915 20,837 Less reserve for bad debts .. .. 1,450 19,387 Cash in bank .. .. .. .. .. 2,067 Cash on deposit .. .. .. .. ~ 137 Writings off suspense .. . . ~ .. 667 £87,589 £87,589 E. L. Hutohens, 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. —Cyril G. Collins, Controller and Auditor-General.

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