✨ Financial Statements




NEW ZEALAND GAZETTE

1 SEPTEMBER

POWERCO LIMITED - LINE BUSINESS

1995 $

1 NET PROFIT AFTER TAXATION

3,078,809

After charging:

  • Audit fees and expenses ... 27,305
  • Depreciation ... 2,131,604
  • Enhanced exit payments
    • electricity business and related staff ... 208,344
  • Directors fees ... 131,500
  • Rental and lease costs ... 40,626
  • Loss on sale of assets ... 107,426

After crediting:

  • Interest received ... 814,884
  • Dividends received ... 8,208
  • Gain on sale of assets ... 439,929

2 TAXATION
Profit before taxation ... 4,359,248

Prima facie taxation @ 33% ... 1,438,551

Plus (Less) taxation effect of:

  • Permanent differences ... (158,112)
  • Prior period adjustments ...

Taxation expense ... 1,280,439

The taxation charge is represented by:

  • Current taxation ... 1,101,357
  • Deferred taxation ... 179,082

TOTAL TAXATION EXPENSE ... 1,280,439

IMPUTATION CREDIT ACCOUNT
Balance as at 1 April 1994 ... 1,014,894
Imputation credits attaching to dividends paid in the year ... (364,792)
Income tax payments during the year ... 1,402,217

IMPUTATION CREDITS AVAILABLE AS AT 31 MARCH 1995 ... 2,052,319

3 DEFERRED TAXATION
Balance as at 31 March 1994 ... 143,202
Current year movements ... 179,082

BALANCE AS AT 31 MARCH 1995 ... 322,284



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1995, No 91


NZLII PDF NZ Gazette 1995, No 91





✨ LLM interpretation of page content

🏭 Financial Statements for Powerco Limited (continued from previous page)

🏭 Trade, Customs & Industry
11 August 1995
Financial statements, Electricity, Information Disclosure Regulations, Powerco Limited, Certification