✨ Financial Statements
18 AUGUST
NEW ZEALAND GAZETTE
2337
WAITOMO ENERGY SERVICES LIMITED
Electricity & Other Business Activity
Statement of Financial Position
For Year Ending 31st March 1995
NOTE 2: Taxation Expense
| $ | |
|---|---|
| Nominal Profit Before Taxation | 1,240,216 |
| Prima Facie Taxation @ 33% | 410,000 |
| Add/(Less) Effect of Permanent Tax Diff | 11,000 |
| Plus Prior Period Liability | — |
Net Taxation Expense | 421,000 |
NOTE 3: Customer Discount
| $ | |
|---|---|
| Discount Declared | 457,000 |
| Less Taxation Effect | 151,000 |
Net Customer Discount | 306,000 |
NOTE 4: Fixed Assets
| At Cost | Accumulated Depreciation | Net Carrying Value | |
|---|---|---|---|
| $ | $ | $ | |
| Land | 157,588 | 0 | 157,588 |
| Buildings | 935,866 | 25,983 | 909,883 |
| MV Plant & Equipment | 538,572 | 87,684 | 450,888 |
| Generation | 2,860,926 | 180,285 | 2,680,641 |
Total | 4,492,952| 293,952 | 4,199,000 |
NOTE 5: Deferred Taxation
Represented by the following timing differences:
| $ | |
|---|---|
| Accruals & Provisions | (170,873) |
NOTE 6: Contingent Liabilities
The Company has uncalled share capital of
| Company | $ |
|---|---|
| Powerbuy Group Ltd | 25,000 |
| Task Consultancy Ltd | 90,000 |
Total | 115,000 |
NOTE 7: Financial Instruments
Fair Values
The fair values of financial instruments are considered to be not materially different from the carrying values shown in the Financial Statements.
Credit Risk
The Company has no significant concentrations of credit risk.
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VUW Te Waharoa —
NZ Gazette 1995, No 82
NZLII —
NZ Gazette 1995, No 82
✨ LLM interpretation of page content
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Waitomo Energy Services Limited Financial Performance Statement
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🏭 Trade, Customs & IndustryFinancial Statements, Accounting, Performance Measures, Return on Assets, Return on Equity, Taxation, Customer Discount, Fixed Assets, Deferred Taxation, Contingent Liabilities, Financial Instruments