New Zealand Gazette – 1995 – No. 100

Page 3156

✨ Financial Statements



3156 NEW ZEALAND GAZETTE No. 100

NELSON ELECTRICITY LIMITED

NOTES TO ACCOUNTS

1. FIXED ASSETS

$(000)
Distribution System:
Cost 10,496
Accumulated depreciation 4,314
Book Value 6,182
Land 15
Buildings:
Cost 144
Accumulated depreciation 50
Book Value 94
Motor Vehicle:
Cost 6
Accumulated depreciation 6
Book Value 0
TOTAL FIXED ASSETS 6,291

2. TAXATION
Profit Before Taxation 1,218
Income Tax at 33c 402
Plus Permanent Differences Tax Effect 18
Tax Expenses as per Statement of Financial Performance 420

Comprising:
| Current Tax | 417 |
| Deferred Tax | 3 |
| | 420 |

| Provision for Taxation | 62 |

3. DEFERRED TAXATION
Balance 1 April 1994 3
Deferred Tax Prior Period 47
Deferred Tax 12 Month Period -3
Balance 31 March 1995 53


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🏭 Certification of Financial Statements for Nelson Electricity Limited (continued from previous page)

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Financial Statements, Certification, Electricity, Nelson Electricity Limited