New Zealand Gazette – 1987 – No. 216

Page 5570

✨ Financial Summary



5570 NEW ZEALAND GAZETTE No. 216

CONSOLIDATED

RECEIPTS

Note Six Months Ended 30 September 1987 Six Months Ended 30 September 1986
$(000) $(000)
Taxation
Direct taxation
Income tax 1 4,992,537 4,951,541
Other tax 2 25,644 17,702
5,018,181 4,969,243
Indirect taxation
Beer duty 495,457 199,024
Customs duty 987,073 355,240
Excise duties* 1,771,206 ...
Goods and Services tax ... 774,147
Sales tax 3 245,252 353,149
Other taxation ... ...
3,498,988 1,591,560
Interest, Dividends and Profits
Interest on Capital Liabilities and Investments 4 495,941 685,524
Dividends 5 95,826 17,300
Profits 6 42,754 10,000
634,521 712,824
Departmental Receipts 7 979,178 458,543
Total Ordinary Receipts 10,130,868 7,732,170
Special Receipts 8 92,370 84,213
Deficit at end of six months 3,865,554 2,985,093
14,088,792 10,801,476
Opening balance, 1 April 1987 126,225 121,460
$126,225 $121,460

*This item includes duties levied on alcoholic drinks, motor vehicles, petroleum fuels and tobacco products from 1 October 1986. Tax on these items was previously collected as Beer duty and Sales tax, both of which were abolished on 30 September 1986.

The notes on pages 5582 to 5593 form part of and



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✨ LLM interpretation of page content

💰 Summary of Receipts and Payments of the Public Account for the Six Months Ended 30 September 1987 (continued from previous page)

💰 Finance & Revenue
Public Account, Receipts, Payments, Financial Summary, Accounting Policies, Consolidated Account, Loans, National Roads Fund, Reserve Account, Trust Account, Public Debt