New Zealand Gazette – 1995 – No. 82

Page 2265

✨ Financial Statements



18 AUGUST NEW ZEALAND GAZETTE 2265

ALPINE ENERGY LIMITED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1995

(CONTINUED)

4.2 Tax Effect of Timing Differences

Deferred tax is not established in the financial statements as timing differences are not expected to reverse in the foreseeable future. The main timing difference relates to holiday pay accrued for accounting purposes but not deductible. If deferred tax was established there would be a deferred tax asset of $213,366.

4.3 Imputation Credit Account

1995
$'000
Opening Balance 372
Imputation Credits Attached to Dividends Paid in the Year (440)
Net Income Tax Payments During the Year 1,179
Closing Balance 1,111

5. SHAREHOLDERS' EQUITY

Authorised, Issued and Paid Up Capital: 41,328,017 Ordinary $1.00 Shares

6. ACCOUNTS RECEIVABLE

1995
$'000
The balance of Accounts Receivable comprises:
Trade Receivables 703
Accruals, including work in progress 222
Due by Associate Companies 470
Due by Shareholder District Councils 31
Provision for Doubtful Debts (20)
1,406

7. ACCOUNTS PAYABLE
The balance of Accounts Payable comprises:
Trade Payables 930
Balance Date Accruals 635
Due to Associate Companies 70
Due to Shareholder District Councils 10
1,645


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🏭 Alpine Energy Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Tax Effect, Timing Differences, Imputation Credit Account, Shareholders' Equity, Accounts Receivable, Accounts Payable, Alpine Energy Limited