New Zealand Gazette – 1995 – No. 112

Page 3532

✨ Financial Statements



3532 NEW ZEALAND GAZETTE No. 112

MERCURY ENERGY LIMITED AND SUBSIDIARIES

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1995 continued

3. TAXATION

Total Activities $000
Profit before Taxation 63,361
Prima facie Taxation @ 33% 20,909

Plus (Less) Permanent Differences:
| Non Deductible Entertainment Expenses | 33 |
| Non Deductible Legal and Consulting Fees | 130 |
| Other Permanent Differences | (34) |
| Prior year adjustments | (151) |
| | (151) |
| Taxation Expense | 20,887 |

The Taxation Expense is represented by:
| Current Taxation Payable | 19,137 |
| Future Taxation Benefit | 1,901 |
| Prior year adjustments | (151) |
| | 20,887 |

Imputation Credit Account

Total Activities $000
Balance as at 31 March 1994 2,444
Prior Period Adjustment (139)
Income tax payments during year 18,055
Imputation Credits attaching to dividends received in year 65
Imputation Credits attaching to dividends paid in year (5,246)
Balance as at 31 March 1995 15,179

At balance date the imputation credits available to the shareholders of the parent company were:

| Through direct shareholding in the parent company | 15,179 |
| Through indirect interests in subsidiaries and in-substance subsidiaries | - |
| | 15,179 |



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✨ LLM interpretation of page content

🏭 Notes to Financial Statements of Mercury Energy Limited and Subsidiaries (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Taxation, Imputation credits, Accounting