New Zealand Gazette – 1997 – No. 92

Page 2202

✨ Financial Statements



2202

NEW ZEALAND GAZETTE

No. 92

TAURANGA ELECTRICITY LIMITED

  1. NET PROFIT BEFORE TAXATION

After charging:

  • Audit Fees
  • Depreciation
  • Directors’ Income
  • Interest - term loan
  • Lease payments [operating]
  • Loss on sale of assets
  • Change in provision for doubtful debts
  • Doubtful debts written off
  • Interest bank overdraft

Line Business 1997
772,514
24,675
525,784
147,549
249,627

44,395

14,594
12,707

Line Business 1996
562,812
37,612
549,854
134,092
243,084
16,103

(16,599)
18,372
21,693

Line Business 1995
523,969
18,886
406,990
23,371
263,512

5,359

Other Business 1997
1,191,447
3,325
88,857
27,535
61,957
7,434
368

27,003
7,563

Other Business 1996
1,106,040
7,383
34,832
44,638
85,420
1,020

(1,051)
22,453
1,374

Other Business 1995
1,371,708
21,511
166,163
45,746

14,089
2,119

After crediting:

  • Gain on sale of assets

  • Interest received

  • Lease income

  • Purchase rebates PowerBuy

  • Dividend income

  • 25,872
    65,937

  • Nil

  • 3,998
    99,585

  • 34,626
    70,000

1,965
55,627

  • 57,655

  • 32,964
    5,850
    60,057
    286

  • 75,576

  1. TAXATION

Profit before taxation

$772,514
$562,812
$523,969

$1,191,447
$1,106,040
$1,371,708

Prima facie taxation at 33%

254,930
185,728
172,910

393,177
364,993
452,663

Effect of Permanent Differences
Non deductible expenses

  • 2,259

(29,395)
(152)

Prior year adjustments
Current taxation
Deferred taxation
Group loss off-set

(8,562)
(601)

65,107

(531)
(37)
(242,834)

2,602

(141,000)

TAXATION EXPENSE

$254,930
$178,824
$172,910

$428,889
$121,439
$313,440

The taxation charge is represented by:
Current taxation
Deferred taxation

257,159
(2,229)

148,782
30,042

202,514
(29,604)

428,973
(84)

101,036
20,403

315,570
(2,130)

$254,930
$178,824
$172,910

$428,889
$121,439
$313,440

There are no income tax losses or recognised timing differences carried forward.

The accompanying Statement of Accounting Policies and Notes form part of and are to be read in conjunction with these Financial Statements. The Financial Statements have been prepared solely for the purpose of complying with Regulations 6[2] and 6[3] of the Electricity [Information Disclosure] Regulations 1994 and are not intended for any other purpose.

[A:DR97]



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✨ LLM interpretation of page content

🏭 Certification of Financial Statements and Performance Measures by Tauranga Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
4 August 1997
Electricity, Financial Statements, Performance Measures, Certification, Tauranga, Regulations