New Zealand Gazette – 1997 – No. 107

Page 2497

✨ Financial Statements



27 AUGUST NEW ZEALAND GAZETTE 2497

WAITOMO ENERGY SERVICES LIMITED
Electricity and Other Business Activity
Notes to the Financial Statements
For the Year Ending 31st March 1997

NOTE 2:

Taxation Expense
Nominal Profit Before Tax 1,769,892

Prima Facie Taxation @ 33% 584,064
Add/(Less) Effect of Permanent Tax Diff 8,411
Plus Prior Period Liability (2,162)
Net Taxation Expense $590,313

NOTE 3:

Customer Discount
Discount Declared 739,147
Less Taxation Effect 243,918
$495,228

NOTE 4:

Fixed Assets 1997

                         Cost        At Valuation    Accumulated     Carrying
                                               Depreciation      Value

Land 142,088 142,088
Buildings 859,488 859,488
Distribution System 1,844,726 7,079,347 270,189 8,653,884
MV Plant & Equipment 795,369 366,709 428,660
Capital Work in Progress 139,910 139,910
2,780,005 8,080,923 636,898 10,224,030

Fixed Assets 1996

                         Cost        At Valuation    Accumulated     Carrying
                                               Depreciation      Value

Land 174,588 174,588
Buildings 736,788 26,377 710,411
Distribution System 2,964,326 216,420 2,747,906
MV Plant & Equipment 822,252 283,484 538,768
Capital Work in Progress 0 0
3,786,578 911,376 526,281 4,171,673



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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Waitomo Energy Services Limited (continued from previous page)

🏭 Trade, Customs & Industry
30 July 1997
Financial Statements, Taxation Expense, Customer Discount, Fixed Assets, Depreciation, Valuation