✨ Financial Statements
4008 NEW ZEALAND GAZETTE No. 194
TELECOM CENTRAL LIMITED AND SUBSIDIARY
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
4 INCOME TAX
| Six months ended | Year ended | ||
|---|---|---|---|
| 30 September | 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 52,595 47,481 94,492
Tax at current rate of 33% 17,356 15,669 31,182
Adjustment for permanent differences 173 224 956
Total income tax expense 17,529 15,893 32,138
The income tax expense is represented by:
-Current taxation 17,286 12,792 24,406
-Deferred taxation 243 3,101 7,732
17,529 15,893 32,138
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 6,648 (5,318) (5,318)
-Balance from acquired subsidiary - 4,527 4,527
-Total taxation in the current period (17,286) (12,792) (24,406)
-Tax paid 3,561 - 31,845
Prepaid income tax/(Taxation payable) (7,077) (13,583) 6,648
Deferred taxation:
-Balance at beginning of period (8,419) 13,008 13,008
-Balance from acquired subsidiary - (1,689) (1,688)
-Provided in the current period (243) (3,101) (7,732)
-Other movements 312 (12,007) (12,007)
Deferred income tax (8,350) (3,789) (8,419)
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VUW Te Waharoa —
NZ Gazette 1991, No 194
NZLII —
NZ Gazette 1991, No 194
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Notes to the Financial Statements of Telecom Central Limited
(continued from previous page)
🏭 Trade, Customs & IndustryTelecommunications, Financial Statements, Income Tax, Current Taxation, Deferred Taxation, Tax Expense, Tax Provisions