✨ Financial Statements
NEW ZEALAND GAZETTE
15 SEPTEMBER
2965
BAY OF PLENTY ELECTRICITY LIMITED
Financial Statements for the purposes of
Electricity (Information Disclosure) Regulations 1994
Notes to the Financial Statements
for the 12 months ended 31 March 1997
| Network | Generation | Energy Trading | ||||
|---|---|---|---|---|---|---|
| 1997 | 1996 | 1997 | 1996 | 1997 | 1996 | |
| $000 | $000 | $000 | $000 | $000 | $000 |
8 Deferred Taxation
Opening Balance
160 | 167 | 1,043 | 734 | (252) | (257)
Movement for Year
164 | (7) | 152 | 309 | 225 | 5
Balance as at 31 March
324 | 160 | 1,195 | 1,043 | (27) | (252)
The Group has not recognised deferred taxation on cumulative timing differences of $12,017,234 ($10,388,514 1996) for Network assets and $19,387,740 ($17,854,190 1996) for Generation assets as these are not expected to reverse in the foreseeable future. The tax effect of the timing differences not recognised is $3,965,687 ($3,428,210 1996) for Network and $6,397,954 ($5,891,883 1996) for Generation assets.
9 Taxation Payable
Opening Balance
(55) | (66) | (223) | (293) | 1 | 102
Charge on Surplus for the period (note 7)
1,217 | 672 | 2,670 | 2,393 | (62) | (16)
Taxation Paid
(839) | (661) | (1,841) | (2,323) | 42 | (85)
Foreign Investor Tax Credit
(154) | - | (324) | - | (18) | -
Balance as at 31 March
169 | (55) | 282 | (223) | (37) | 1
10 Paid Up Capital
Issued and Paid up Capital
8,197 | 8,197 | 11,395 | 11,395 | 400 | 400
Balance as at 31 March
8,197 | 8,197 | 11,395 | 11,395 | 400 | 400
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VUW Te Waharoa —
NZ Gazette 1997, No 126
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NZ Gazette 1997, No 126
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Financial Statements for Bay of Plenty Electricity Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Deferred Taxation, Taxation Payable, Paid Up Capital, Network Assets, Generation Assets, Energy Trading