New Zealand Gazette – 1992 – No. 205

Page 4550

✨ Financial Statements



4550 NEW ZEALAND GAZETTE No. 205

TELECOM AUCKLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

(CONTINUED)

4 INCOME TAX

Six months ended 30 September Year ended 31 March
1992 1991 | 1992
$000's $000's | $000's

The income tax expense for the period is determined as follows:
Earnings before income tax 23,627 19,656 49,401
Tax at current rate of 33% 7,797 6,487 16,302
Adjustment for permanent differences 8 (865) (5,043)
Total income tax expense 7,805 5,622 11,259

The income tax expense is represented by:
-Current taxation 8,513 1,391 2,932
-Deferred taxation (708) 4,231 8,327
Total 7,805 5,622 11,259

The balance sheet provisions are:

30 September 31 March
1992 1991 | 1992
$000's $000's | $000's

Current taxation:

-Balance at beginning of period 23,435 19,800 19,800
-Total taxation in the current period (8,513) (1,391) (2,932)
-Tax paid - - 4,176
-Other 20 - 2,391
Prepaid income tax 14,942 18,409 23,435

Deferred taxation:

-Balance at beginning of period (9,076) (2,100) (2,100)
-Provided in the current period 708 (4,231) (8,327)
-Other 649 163 1,351
Deferred income tax (7,719) (6,168) (9,076)

A deferred tax liability at 30 September 1992 of $0.4 million in respect of timing differences relating to depreciation on buildings has not been recognised.



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✨ LLM interpretation of page content

🏭 Financial Statements under Telecommunications (Disclosure) Regulations 1990 (continued from previous page)

🏭 Trade, Customs & Industry
Telecommunications, Financial Statements, Notes, Income Tax, Current Taxation, Deferred Taxation, Telecom Auckland Limited