✨ Financial Statements
NEW ZEALAND GAZETTE
No. 112
WEL ENERGY GROUP LIMITED
LINES BUSINESS
1995
($000s)
3
Taxation expense
Profit before taxation .. 12,604
Tax on profit at 33% .. 4,159
Tax effect of permanent differences .. 400
Total taxation expense .. 4,559
Represented by:
Deferred income tax liability .. 385
Current taxation provision .. 4,174
4,559
Deferred income tax liability
Balance at the beginning of the year .. 1,506
Current year timing differences .. 385
Adjustment for previous year .. -
Balance at the end of the year .. 1,891
The tax effect of timing differences arising from asset revaluations of the distribution system approximating $2,640,000, which would only crystallise on disposal, have not been recognised.
4
Shareholders’ Funds
Capital Reserve .. 39,903
Asset Revaluation Reserve .. 30,345
Retained Earnings .. 2,440
72,688
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VUW Te Waharoa —
NZ Gazette 1995, No 112
NZLII —
NZ Gazette 1995, No 112
✨ LLM interpretation of page content
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Financial Performance Statement for WEL Energy Group Limited
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🏭 Trade, Customs & IndustryFinancial Performance, Revenue, Expenses, Profit, Taxation, Dividends, WEL Energy Group Limited