[Pt. IV]

NEW ZEALAND BROADCASTING SERVICE— continued COMMERCIAL DIVISION Income and Expenditure Account for the Year Ended 31st March, 1947 • Expenditure £ Income ' ■£ Expenditure on programmes, including payments to artists, Sales of station time .. .. .. .. .. 303,114 broadcasting rights, copyright fees, recorded programmes, Accreditation fees .. .. .. .. .. 23 relay lines, and sundry miscellaneous items .. .. 32,660 Interest on investments .. .. ... .. .. 3,335 General administrative and running expenses, including rents, Service fees .. .. .. .. .. .. 3,263 rates and insurance, lighting and heating, legal and audit, Miscellaneous receipts .. .. .. .. .. 5 printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, advertising, commission, and sundry miscellaneous items .. 175,067 Depreciation provision and writing down of assets .. .. 6,387 Balance carried down : Net profit for year .. .. .. 95,626 £309,740 , £309,740 £ £ Provision for taxation .. .. .. .. 55,600 £ Less excess provided in previous year .. .. 17,224 Balance brought forward from previous year .. .. 109,885 38,376 Reduction of bad debts provision .. .. .. .. 13 Balance .. .. .1 .. .. .. 167,148 Balance brought down .. .. .. .. .. 95,626 £205,524 £205,524

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