✨ Financial Statements
4058
NEW ZEALAND GAZETTE
No. 153
NELSON ELECTRICITY LIMITED
Notes to the Financial Statements for the year ended 31 March 1996
(1) Fixed Assets
Distribution system cost 10,592 10,496
accumulated depreciation 4,734 4,314
book value 5,858 6,182
Land cost 15 15
Buildings cost 144 144
accumulated depreciation 53 50
book value 91 94
Motor vehicles cost 0 6
accumulated depreciation 0 6
book value 0 0
TOTAL FIXED ASSETS 5,964 6,291
(2) Taxation
Surplus before taxation 1,479 1,218
Taxation at 33% 488 402
Plus permanent difference tax effect 20 18
Less prior year deferred tax adjustment (21) 0
Tax expense per Statement of Financial Performance 487 420
Comprising:
Current taxation 503 417
Deferred taxation (16) 3
487 420
(3) Deferred Taxation
Balance 1/4/95 53 3
Deferred tax prior period (21) 47
Deferred tax current period 5 3
Balance 31/3/96 37 53
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VUW Te Waharoa —
NZ Gazette 1996, No 153
NZLII —
NZ Gazette 1996, No 153
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Notes to the Financial Statements for Nelson Electricity Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Fixed Assets, Taxation, Deferred Taxation, Nelson Electricity Limited