B—l [PT. IV]

NATIONAL BROADCASTING SERVICE Revenue Account for the Year ended 31st March, .1942 Expenditure, £ Income £ Expenditure on programmes, including salaries of pro- License fees .. .. .. .. .. 420,201 gramme staff .. .. .. •• •• 111,688 Receipts from New Zealand Listener .. .. .. 28,248 Maintenance of plant, including salaries of engineering and Interest .. .. .. .. .. .. 11,257 operating staffs .. .. .. ... ■. 43, 368 Rents .. .. .. .. .. .. 983 General administrative and running expenses, including salaries of administrative and clerical staffs .. 32,817 Expenditure on New Zealand Listener .. .. 30,956 Subsidies to " B " stations .. .. .. .. 210 Payments to stations operated under contract .. 1,025 Broadcasting unit with New Zealand Expeditionary Force overseas .. .. .. .. 4,110 Contribution to Public Service Superannuation Eund .. 647 Contribution to Radio Research Committee .. . . 521 Depreciation of assets .. .. .. 35,788 Balance, transferred to Accumulated Eund .. .. 199,559 £460,689 £460,689 Balance-sheet as at 31st March, 1942 Liabilities Assets £ Accumulated Fund— £ £ Land and buildings .. .. .. .. 169,997 Balance as at Ist April, 1941 .. .. 880,708 Machinery and plant .. .. .. .. 24,508 Transfer from Revenue Account .. 199,559 Office and studio equipment .. .. .. 20,376 1,080,267 Newsprint stocks .. .. .. .. 3,566 Sundry creditors, including license fees in hands of "B" station purchases .. .. .. .. 1,000 Post and Telegraph Department .. .. 120,925 Works in progress .. .. .. .. 6,206 Sundry debtors and prepayments .. .. 113,643 £ Temporary investment .. .. 800,000 Accrued interest thereon .. .. 3,633 • 803,633 Cash — Broadcasting Account .. .. 57,819 Broadcasting Imprest Account .. .. 444 58,263 £1,201,192 £1,201,192 The Revenue Account includes fees actually received in the Broadcasting Account to 31st March, 1942, and covers that portion which is payment in advance. James Shelley, Director of Broadcasting. I hereby certify that the Revenue 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, subject to the departmental note enfaced thereon.— Cyril G. Collins, Controller and Auditor-General.

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