New Zealand Gazette – 1997 – No. 87

Page 2082

✨ Financial Statements Notes



2082

NEW ZEALAND GAZETTE

No. 87

HAWKE'S BAY POWER DISTRIBUTION LIMITED AND SUBSIDIARY

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 1997

3 INCOME TAX

a) Taxation
Operating Surplus before Taxation

Prima Facie Tax @ 33%
PLUS: Permanent differences
Taxation Expense
PLUS(LESS):Timing Differences
Current Year Charge (Tax Loss)

Taxation Payable Brought Forward
LESS: Taxation Paid
PLUS: Taxation Refunded
PLUS: Payment for Intra Group Tax Offset
LESS : Tax Losses Brought Forward
Taxation Payable

b) Taxation Expense (Benefit) is represented by:

Current Taxation Payable (Tax loss)
Deferred Taxation Liability

c) Movement in Deferred Taxation Benefits
(Tax Losses Carried Forward)
Opening Balance
LESS: Current Year Charge Offset By Losses
LESS: Payment for Intra Group Tax Offset

d) Movement in Deferred Taxation Liability (Timing Differences)

Opening Balance
PLUS: Net Movement in Timing Differences

e) Imputation Credit Account
Opening Balance
PLUS: Taxation Paid
Imputation Credits from Dividend Received

Lines Business
1997 $000
3,913
1,291
75
1,366
(624)
742

122

199

(466)
597

742
624
1,366

466
(466)

527
624
1,151

  • 0

1996 $000
(578)
(191)
106
(85)
(557)
(642)

122

  • 122

(642)
557
(85)

532
642
(708)
466

(30)
557
527

  • 0

Other Business
1997 $000
3,916
1,292
(30)
1,262
6
1,268

(105)
(837)

  • 326

1,268
(6)
1,262

7
6
13

345
837
1,182

1996 $000
2,106
695

695
13
708

(105)

  • 708

  • 105

708
(13)
695

6
(13)
(7)

345

345



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✨ LLM interpretation of page content

🏭 Notes to Financial Statements for Hawke's Bay Power Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Taxation, Accounting Policies, Hawke's Bay Power Distribution Limited