✨ Financial Statements




15 AUGUST NEW ZEALAND GAZETTE 2195

DUNEDIN ELECTRICITY LTD

ELECTRICITY GENERATING BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

For the Year Ended 31 March 1995

($000)

Note 1 : Taxation

Net profit for the year 4,855
Add capital loss on asset sale 34
Add permanent difference due to revaluation 228

Net profit liable for tax 5,117
Taxation at 33Β’ in the dollar 1,687

Represented by:
Current taxation 1,544
Deferred taxation 143
1,687

Provision for Deferred Taxation Account:
Balance 1 April 1994 752
Plus increase during year 143

BALANCE 31 MARCH 1995 895

Note 2 : Current Assets

Included in current assets are the following:
Accounts receivable 2,827
Bank 3
2,830


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🏭 Dunedin Electricity Ltd Electricity Generating Business Notes to Financial Statements (continued from previous page)

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Notes to Financial Statements, Taxation, Current Assets, Dunedin Electricity Ltd