✨ Financial Statements
NEW ZEALAND GAZETTE
16 SEPTEMBER 2999
EnergyDirect Corporation Limited
ELECTRICITY BUSINESS
Note 3: Taxation
| 31 March 1996 | 31 March 1996 | 31 March 1996 | |
|---|---|---|---|
| Consolidated | Electricity | Energy | |
| Electricity | Lines | ||
| $000 | $000 | $000 |
CURRENT PERIOD TAXATION CHARGE
Operating surplus before taxation | 12,287 | 14,321 | (2,034) |
Prima facie taxation at 33% | 4,055 | 4,726 | (671) |
Permanent differences and non-deductible expenditures | 122 | 145 | (21) |
| 4,177 | 4,869 | (692) |
The taxation charge is represented by:
Current taxation | 4,177 | 4,869 | (692) |
Deferred taxation | - | - | - |
| 4,177 | 4,869 | (692) |
DEFERRED TAX RECONCILIATION
Opening Balance | (2,167) | (2,167) | - |
Current period movement | - | - | - |
Closing Balance | (2,167) | (2,167) | - |
(a) The current period taxation charge for the Consolidated Electricity business is derived from the current period taxation charge of EnergyDirect Corporation Limited by an allocation process based upon the relative profits before taxation of the electricity and gas businesses.
(b) Deferred taxation has been allocated between the electricity and gas business activities based upon the cost values of the electricity and gas networks.
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VUW Te Waharoa —
NZ Gazette 1996, No 119
NZLII —
NZ Gazette 1996, No 119
✨ LLM interpretation of page content
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Statement of Financial Position of EnergyDirect Corporation Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Taxation, Operating Surplus, Expenses, Revenue