New Zealand Gazette – 1997 – No. 127

Page 2992

✨ Financial Statements



DUNEDIN ELECTRICITY LTD
Ministry of Commerce Financial Accounts 1997

Note 1 : Taxation

1996
Line Business $000 Contracting Business $000 Generation Business $000
10,631 2,267 4,085
1,608 - -

12,239 2,267 4,085

4,039 748 1,348
531 - (895)

  •                 -                         (76)

    4,570 748 377

1997
Line Business $000 Contracting Business $000 Generation Business $000
10,315 2,059 5,230
2,315 - -

12,630 2,059 -

4,168 679 1,726

  •                 -                         (10)

    4,168 679 1,716

Net Profit Before Tax
Add Permanent Difference Due to Revaluation
Capital Loss on Asset Sale

Tax at 33 Cents in Dollar
Under/(Over) Provided Prior Year
Timing Differences Not Recognised
Income Tax Charge

There is a potential deferred taxation liability relating to timing differences which are not expected to crystallise within the foreseeable future and which have not been recognised as a liability in the statement of financial position. This potential tax liability amounts to approximately $9.0 million ($8.0 million in 1996).

Note 2 : Current Assets

1996
Line Business Contracting Business Generation Business
113 1,536 1,115
2,854 6,169 (17)

  •            25                      -

    2,967 7,730 1,098

1997
Line Business Contracting Business Generation Business
151 1,979 1,465
4,971 3,918 -

  •            715                     -

    5,122 6,612 1,465

Accounts Receivable
Internal Investment
Bank
Consumable Inventories



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💰 Balance Sheet for Dunedin Electricity Ltd (continued from previous page)

💰 Finance & Revenue
Balance Sheet, Financial Statements, Taxation, Current Assets, Dunedin Electricity Ltd