✨ Financial Statements
NEW ZEALAND GAZETTE
No. 194
TELECOM AUCKLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
4 INCOME TAX
| Six months ended 30 September | Year ended 31 March | |
|---|---|---|
| 1991 | 1990 | 1991 | |
| $000's | $000's | $000's |
The income tax expense for the period is determined as follows:
| Earnings before income tax | 19,656 | 34,972 | 66,146 |
| Tax at current rate of 33% | 6,487 | 11,541 | 21,828 |
| Adjustment for permanent differences | (865) | 1,364 | (1,312) |
| Other | - | - | 3 |
| Total income tax expense | 5,622 | 12,905 | 20,519 |
The income tax expense is represented by:
| - Current taxation | 1,391 | 7,182 | 11,874 |
| - Deferred taxation | 4,231 | 5,723 | 8,645 |
| 5,622 | 12,905 | 20,519 |
The balance sheet provisions are:
| 30 September | 31 March | |
|---|---|---|
| 1991 | 1990 | 1991 | |
| $000's | $000's | $000's |
Current taxation:
| - Balance at beginning of period | 19,800 | 23,290 | 23,290 |
|---|---|---|---|
| - Total taxation in the current period | (1,391) | (7,182) | (11,874) |
| - Tax paid | - | - | 8,384 |
| Prepaid income tax | 18,409 | 16,108 | 19,800 |
Deferred taxation:
| - Balance at beginning of period | (2,100) | (1,264) | (1,264) |
|---|---|---|---|
| - Provided in the current period | (4,231) | (5,723) | (8,645) |
| - Other movements | 163 | 7,274 | 7,809 |
| Future tax benefit/(Deferred income tax) | (6,168) | 287 | (2,100) |
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VUW Te Waharoa —
NZ Gazette 1991, No 194
NZLII — 🌐 NZ Gazette 1991, No 194
✨ LLM interpretation of page content
🏭
Financial Statements under Telecommunications (Disclosure) Regulations 1990
(continued from previous page)
🏭 Trade, Customs & Industry20 December 1991
Telecommunications, Financial Statements, Regulations, Income Tax, Taxation