✨ Financial Statements
2210 No. 97
NEW ZEALAND GAZETTE
TELECOM AUCKLAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
4 INCOME TAX
| 1992 | 1991 | |
|---|---|---|
| $000's | $000's |
The income tax expense for the period is determined as follows:
Earnings before income tax | 49,401 | 66,146 |
Tax at current rate of 33% | 16,302 | 21,828 |
Adjustment for permanent differences | (5,043) | (1,309) |
Total income tax expense | 11,259 | 20,519 |
The income tax expense is represented by:
-Current taxation | 2,932 | 11,874 |
-Deferred taxation | 8,327 | 8,645 |
| 11,259 | 20,519 |
The balance sheet provisions are:
| 1992 | 1991 | |
|---|---|---|
| $000's | $000's |
Current taxation:
-Balance at beginning of period | 19,800 | 23,290 |
-Total taxation in the current period | (2,932) | (11,874) |
-Tax paid | 4,176 | 8,384 |
-Other | 2,391 | - |
Prepaid income tax | 23,435 | 19,800 |
Deferred taxation:
-Balance at beginning of period | 2,100 | 1,264 |
-Provided in the current period | 8,327 | 8,645 |
-Other | (1,351) | (7,809) |
Deferred income tax | 9,076 | 2,100 |
A deferred tax liability of $0.5 million in respect of timing differences relating to depreciation on buildings has not been recognised.
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VUW Te Waharoa —
NZ Gazette 1992, No 97
NZLII —
NZ Gazette 1992, No 97
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Telecom Auckland Limited Financial Statements
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🏭 Trade, Customs & Industry27 May 1992
Telecommunications, Financial Statements, Operating Expenses, Investment Income, Interest Expense