H—3s

Operating Account (New Zealand Internal Services), Year Ended 31st March, 1948 Operating revenues —• £ s. d. Passenger .. .. .. .. .. 577,017 6 3 Excess baggage .. .. .. .. .. 4,369 15 8 Freight .. .. .. .. .. .. 20,605 16 3 Mail-money .. .. .. .. 39,257 10 1 Charters .. .. .. .. .. .. 33,062 12 4 Incidental revenue .. .. .. .. 3,866 2 11 £678,179 3 6 Operating-expenses—- £ s. d. Flying operations .. .. .. .. .. 199,207 7 8 Direct maintenance : Flight equipment .. .. 94,985 14 10 Depreciation: Flight equipment .. .. .. 62,028 16 4 Indirect maintenance .. .. .. .. 74,098 15 9 Ground operations.. .. .. .. .. 72,006 5 3 Passenger services .. .. .. .. .. 56,004 13 6 Traffic and sales .. .. .. .. .. 39,373 11 3 Advertising and publicity .. .. .. .. 5,242 2 4 Administration .. .. .. .. .. 46,531 13 2 Depreciation: Ground equipment and buildings .. 6,961 18 11 Acquired assets value adjustment .. .. .. 2,225 11 0 Preliminary development and deferred training expenses .. 6,251 14 7 £664,918 4 7 Profit and Loss Account— £ s. d. Surplus on operating accounts .. .. .. 13,260 18 11 Add non-operating revenue, interest, discounts, and sundry receipts .. .. . . .. 4,496 3 9 Less interest on capital advances at 17,757 2 8 4 per cent, per annum, year £ s. d. ended 31st March, 1948 .. 15,075 1 4 Less proportion charged to Nadi (Fiji) establishment 744 5 9 14,330 15 7 Net surplus for year ended 31st March, 1948 £3,426 7 1

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