New Zealand Gazette – 1997 – No. 134

Page 3158

✨ Financial Statements



3158 No. 134

NEW ZEALAND GAZETTE

WAIPA POWER LIMITED - OTHER BUSINESS

1997 $
1996 $

2 NET PROFIT BEFORE TAXATION

After Charging:

  • Audit fees and expenses
    13,701
    16,930
  • Depreciation
    157,120
    110,116
  • Directors’ fees
    47,462
    44,570
  • Bad Debts
    22,473
    11,250
  • Net Loss on Disposal of Fixed Assets
    9,541
    4,226

After Crediting:

  • Interest Received
    75,154
    319,272

3 TAXATION

  • Net profit before taxation
    746,862
    846,030
  • Prima facie taxation at 33%
    246,464
    279,190

  • Tax effect of permanent differences

  • Tax effect of timing differences not Recognised
    10,434
    44,073

Taxation Expense
256,898
323,263

  • Over provision previous year

  • Adjustments Previous Years

Total Taxation Expense
256,898
323,263

The Taxation charge comprises:

  • current taxation
    256,898
    214,997

  • deferred taxation

    108,266

Total Taxation
256,898
323,263

Deferred Taxation/(Future Taxation Benefit)

  • Opening balance

    (108,266)

  • Adjustments Previous Years

  • Deferred portion of current year tax expense

    108,266

Deferred tax relates primarily to non-deductible provisions.

4 SHARE CAPITAL

Authorised, Issued & Paid-up Share Capital
2,000,000 ordinary shares of $1 each
2,000,000
2,000,000



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🏭 Financial Statements of Waipa Power Limited

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Financial Statements, Profit, Taxation, Share Capital