New Zealand Gazette – 1997 – No. 117

Page 2755

✨ Financial Statements



MercuryEnergy
Mercury Energy Limited and Subsidiaries

Notes to and forming part of the financial statements for the year ended 31 March 1997 continued

  1. DIRECTORS' REMUNERATION
Fees paid to directors 1997 Generation Activities $000 1997 Other Activities $000 1997 Total Activities $000 1996 Other Activities $000 1996 Total Activities $000
21 350 371 262 262
  1. TAXATION
1997 Line Activities $000 1997 Electricity Retailing Activities $000 1997 Generation Activities $000 1997 Other Activities $000 1997 Total Activities $000 1996 Line Activities $000 1996 Electricity Retailing Activities $000 1996 Other Activities $000 1996 Total Activities $000
Operating surplus before taxation 46,654 29,490 (1,638) 42,672 117,178 41,360 34,304 23,046 98,710
Prima facie taxation @ 33% 15,396 9,732 (540) 14,081 38,669 13,650 11,320 7,605 32,575
Plus(less) taxation effect of permanent differences:
Non deductible entertainment expenses 24 14 - 19 57 - - 38 38
Non deductible legal and consulting fees - - - - - - - 164 164
Other permanent differences 1,485 - - (560) 925 - - 290 290
Taxation expense 16,905 9,746 (540) 13,540 39,651 13,650 11,320 8,097 33,067
The taxation charge is represented by:
Current taxation payable 17,188 9,938 (2,256) 13,813 38,683 13,650 11,320 7,130 32,100
Future taxation benefit (283) (192) 1,716 (273) 968 - - 967 967
Prior period adjustments - - - - - - - - -
16,905 9,746 (540) 13,540 39,651 13,650 11,320 8,097 33,067

8 SEPTEMBER
NEW ZEALAND GAZETTE
2755



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✨ LLM interpretation of page content

🏭 Mercury Energy Limited Statement of financial position (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Electricity, Mercury Energy Limited, 1997, 1996