✨ Financial Statements Notes
NEW ZEALAND GAZETTE
27 NOVEMBER
TRANS POWER NEW ZEALAND LIMITED GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1995
| 12 Months 1995 | 15 Months 1994 | 12 Months 1994 | |
|---|---|---|---|
| $000 | $000 | $000 | |
| ---------------- | ---------------- | ---------------- | ---------------- |
| Reconciliation of Provision for current tax payable: | |||
| Tax payable in the current year (refer Note 7) | 21,878 | 22,302 | 15,890 |
| Provisional tax payments made during the year | (22,812) | (25,000) | (25,000) |
| Underpayment in prior years | 1,566 | 0 | 6,412 |
| Total Provision for current tax payable | 632 | (2,698) | (2,698) |
13. DEFERRED MAINTENANCE
| 12 Months 1995 | 15 Months 1994 | 12 Months 1994 | |
|---|---|---|---|
| $000 | $000 | $000 | |
| Balance of the provision at the beginning of the year | 4,400 | 0 | 880 |
| Provided for during the year | 3,150 | 4,400 | 3,520 |
| Less portion reclassified as a current liability | (3,678) | 0 | 0 |
| Balance of the provision at the end of the year | 3,872 | 4,400 | 4,400 |
This provision represents deferred maintenance on the HVDC submarine Cook Strait cables. The current portion of this maintenance is expected to be undertaken in 1996 and the remainder in 1997.
22
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1995, No 139
NZLII —
NZ Gazette 1995, No 139
✨ LLM interpretation of page content
🏗️
Notes to the Financial Statements for Trans Power New Zealand Limited
(continued from previous page)
🏗️ Infrastructure & Public WorksFinancial Statements, Tax Provision, Deferred Maintenance, Cook Strait Cables