New Zealand Gazette – 1995 – No. 86

Page 2495

✨ Financial Statements Notes



25 AUGUST NEW ZEALAND GAZETTE 2495

HAWKE'S BAY POWER DISTRIBUTION LIMITED AND SUBSIDIARY

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1995 (Continued)

3 INCOME TAX

a) Taxation

Profit (Loss) before Taxation (2,809) 860

Prima Facie Taxation @ 33% (926) 283

PLUS: Permanent differences 133 -

Taxation Expense (Benefit) (793) 283

PLUS (LESS): Timing Differences
Depreciation 47 -
Capitalised Overheads (59) -
Other Items (6) (4)

Current Year Charge (811) 279
(Tax Loss carried forward)

Taxation Payable (Refund) brought forward 122 (105)
LESS: Taxation Paid - -
PLUS: Payment for Intra Group Tax Offset - 279

Taxation Payable 122 (105)

b) Taxation Expense (Benefit) is represented by:

Current Taxation Payable (Tax loss) (811) 279
Deferred Taxation Benefit 18 4

                                                          (793)        283

c) Movement in Future Income Tax Benefits (Liabilities)

Opening Balance 49 (2)
LESS: Net Movement in Timing Differences (18) (4)
PLUS: Tax Loss Carried Forward 811 -
LESS: Payment for Intra Group Tax Offset (279) -

                                                          563          (6)


Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1995, No 86


NZLII — PDF NZ Gazette 1995, No 86




✨ LLM interpretation of page content

🏭 Notes to Financial Statements for Hawkes Bay Power Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
10 August 1995
Financial Statements, Accounting Policies, Electricity Regulations, Hawkes Bay Power