✨ Financial Statements




NEW ZEALAND GAZETTE

No. 91

POWERCO LIMITED - ENERGY BUSINESS

1995 $

1 NET PROFIT AFTER TAXATION

80,107

After charging:
Depreciation ... 228
Enhanced exit payments

  • Appliance sales and servicing ... 339,872
    After crediting:
    Interest received ... 203,720
    Goodwill ... 200,000

2 TAXATION

Profit before taxation ... 113,422

Prima facie taxation @ 33% ... 37,429

Plus (Less) taxation effect of:
Permanent differences ... (4,114)

Taxation expense ... 33,315

The taxation charge is represented by:
Current taxation ... 33,315
Deferred taxation ... -

TOTAL TAXATION EXPENSE ... 33,315

IMPUTATION CREDIT ACCOUNT

Balance as at 1 April 1994 ... 26,405
Imputation credits attaching to dividends paid in the year ... (74,188)
Income tax payments during the year ... 47,783

IMPUTATION CREDITS AVAILABLE AS AT 31 MARCH 1995 ... Nil

3 DIVIDENDS

Dividends paid
5 cents per Founder share ... 64,976
2.5 cents per Cumulative Preference Share (Interim) ... 8,450

Total dividends paid ... 73,426

Proposed final dividend
15 cents per Ordinary share ... 177,523
7.5 cents per Cumulative Preference share ... 25,350

Total proposed dividend ... 202,873

TOTAL DIVIDENDS PAID ... 276,299



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

🏭 Trade, Customs & Industry
Financial statements, Electricity, Net profit, Taxation, Dividends, Imputation credits