Financials
Income & Expenditure Accounts
(Interest Margins & Management Expenses)
 
Interest Received on Investments and Advances
Interest Paid to Depositors
Interest Margin (Interest Received less Interest Paid)
Management Expenses
Margin less Management Expenses
Ratio of Management Expenses to Interest Margin
 
 
The following data has been extracted from the Bank's Annual Reports for the reporting periods between September 1st 1919 and November 20th 1979. The level of detail reported, and the accounting standards adopted, varied over these years, as did the Bank's financial policies and the taxation treatment of the Bank. No formal Income & Expenditure Account was publicly reported until the Year Ended March 31st 1927; prior to this the published Balance Sheet was accompanied by a Receipts and Payments Account.
 
Accordingly, a direct comparison of levels of Profit (ie Excess of Income over Expenditure) between years is not entirely valid. The following table, however, is limited to three comparable items from the Bank's annual income and expenditure: interest received and paid; and management expenses.
 
 Interest
Received
Interest
Paid
Interest
Margin
Management
Expenses
Margin less
Management
Expenses
Management
Expenses/
Margin
%
 1920*
14,495
9,378
5,117
6,979
(1,862)
136.4
 1921
62,795
34,516
28,279
20,522
7,757
72.6
 1922
85,371
51,638
33,733
22,899
10,834
67.9
 1923
111,776
73,595
38,181
23,516
14,665
61.6
 1924
158,556
113,380
45,176
28,843
16,333
63.8
 1925
213,100
157,826
55,274
38,719
16,555
70.0
 1926
266,900
200,035
66,865
46,559
20,306
69.6
 1927
316,363
236,517
79,846
43,194
36,652
54.1
 1928
373,370
272,163
101,207
51,364
49,843
50.8
 1929
425,006
314,596
110,410
55,722
54,688
50.5
 1930
499,737
357,253
142,484
60,569
81,915
42.5
 1931
549,982
400,772
149,210
64,923
84,287
43.5
 1932
598,749
441,200
157,549
69,014
88,535
43.8
 1933
612,047
455,360
156,687
72,179
84,508
46.1
 1934
606,639
460,673
145,966
75,247
70,719
51.6
 1935
641,399
511,226
130,173
79,660
50,513
61.2
 1936
697,107
572,347
124,760
82,724
42,036
66.3
 1937
779,721
643,949
135,772
84,343
51,429
62.1
 1938
876,972
721,986
154,986
86,776
68,210
56.0
 1939
980,301
804,314
175,987
91,159
84,828
51.8
 1940
1,074,699
880,816
193,883
94,015
99,868
48.5
 1941
1,151,488
965,823
185,665
98,426
87,239
53.0
 1942
1,307,086
1,128,402
178,684
102,635
76,049
57.4
 1943
1,523,022
1,338,601
184,421
107,141
77,280
58.1
 1944
1,790,363
1,599,025
191,338
108,779
82,559
56.9
 1945
1,978,639
1,857,071
121,568
114,536
7,032
94.2
 1946
2,228,239
2,065,885
162,354
124,926
37,428
76.9
 1947
2,185,648
2,063,184
122,464
139,264
(16,800)
113.7
 1948
2,292,638
2,105,371
187,267
163,668
23,599
87.4
 1949
2,367,943
2,178,980
188,963
162,583
26,380
86.0
 1950
2,432,861
2,238,864
193,997
159,613
34,384
82.3
 1951
2,490,403
2,271,083
219,320
165,191
54,129
75.3
 1952
2,467,847
2,238,544
229,303
187,251
42,052
81.7
 1953
2,497,584
2,250,949
246,635
201,242
45,393
81.6
 1954
2,511,032
2,258,331
252,701
204,358
48,343
80.9
 1955
2,552,208
2,296,189
256,019
219,713
36,306
85.8
 1956
2,653,767
2,332,574
321,193
243,405
77,788
75.8
 1957
2,668,500
2,295,296
373,204
285,748
87,456
76.6
 1958
2,637,221
2,217,142
420,079
296,921
123,158
70.7
 1959
2,578,484
2,142,309
436,175
318,448
117,727
73.0
 1960
2,614,260
2,145,249
469,011
339,235
129,776
72.3
 1961
2,723,066
2,184,066
538,999
364,462
174,537
67.6
 1962
2,797,087
2,210,404
586,683
394,278
192,405
67.2
1963
2,925,028
2,242,246
682,782
425,959
256,823
62.4
 1964
2,989,530
2,299,292
690,241
467,826
222,415
67.8
 1965
3,132,363
2,339,782
792,581
504,721
287,860
63.7
 1966
3,369,366
2,531,892
837,474
545,155
292,319
65.1
 1967
3,541,795
2,528,641
1,013,154
585,692
427,462
57.8
 1968
3,759,228
2,746,276
1,012,952
693,102
319,850
68.4
 1969
4,120,085
3,007,068
1,113,017
728,964
384,053
65.5
 1970
4,496,078
3,184,177
1,311,901
796,513
515,388
60.7
 1971
5,322,093
3,713,464
1,608,629
947,834
660,795
58.9
1972
5,999,281
4,448,610
1,550,671
1,111,294
439,377
71.7
1973
7,119,818
5,032,232
2,087,586
1,337,234
750,352
64.1
 1974
8,488,175
5,997,817
2,490,358
1,488,514
1,001,844
59.8
 1975
9,751,876
6,369,612
3,382,264
1,961,233
1,421,031
58.0
 Mar 1976
11,437,219
6,801,229
4,635,990
2,488,231
2,147,759
53.7
 Nov 1976*
8,096,143
4,607,922
3,488,221
2,180,478
1,307,743
62.5
1977
13,512,000
7,550,000
5,962,000
3,859,000
2,103,000
64.7
1978
14,037,000
7,268,000
6,769,000
4,385,000
2,384,000
64.8
1979
18,636,000
8,660,000
9,976,000
5,383,000
4,593,000
54.0
 
 
 
 
 
 
 
 
191,127,549
133,425,142
57,702,407
35,590,499
22,111,910
61.7
NOTES:

 [1] *Periods less than twelve months: 1920 = September 1st 1919 to March 31st 1920; 1976 = April 1st to November 20th 1976

 [2] Management Expenses include:
  -  Salaries, Wages, National Insurance, and Superannuation;
  -  Printing, Stationery, and Advertising;
  -  Heating, Lighting, and Cleaning;
  -  Rents, Rates, and Insurance
  -  Repairs and Decorations;
  -  Postage, Telephone, Travelling, and Miscellaneous;
  -  Auditors, Architects, and other Professional Fees
 see Analysis of Management and Other Expenditure
 
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