✨ Financial Statements
NEW ZEALAND GAZETTE
No. 98
TASMAN ENERGY LIMITED
LINE & OTHER BUSINESSES FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
| Line Business | Other Business | |||
|---|---|---|---|---|
| 1997 | 1996 | 1997 | 1996 | |
| $000 | $000 | $000 | $000 |
2. CONTINUING AND DISCONTINUED ACTIVITIES
Continuing Activities
Operating revenue | 30,251 | 25,394 | 31,735 | 38,794 |
Operating surplus after taxation | 6,391 | 4,190 | 876 | 615 |
Discontinued Activities
Operating revenue | | | 4,367 | |
Operating deficit after taxation | | | (712) | |
Total Activities
Operating revenue | 30,251 | 25,394 | 36,102 | 38,794 |
Operating surplus after taxation | 6,391 | 4,190 | 164 | 615 |
3. NON-RECURRING ITEMS
Surplus before taxation includes the following non-recurring items
Deferred income reclassified | 5,616 | 0 | 0 | 0 |
Restructuring costs | (358) | | (470) | 0 |
The deferred income was previously recognised as a liability however it does not now meet the definition of a liability under the Statement of Concepts for General Purpose Financial Reporting.
4. TAXATION
Profit before taxation | 8,666 | 6,146 | 418 | 926 |
Taxation at 33% | 2,860 | 2,027 | 138 | 306 |
(Over) under provision from prior years | 42 | (4) | (10) | (1) |
Plus (less) taxation effect of permanent and timing differences
Deferred income reversal | (1,927) | (64) |
Depreciation | (50) | (66) | (74) |
Other permanent differences | 76 | 63 |
Timing differences | 213 | | (98) | 5 |
Reversal of deferred tax | 1,061 | | 298 |
Taxation Expense to Statement of Financial Performance | 2,275 | 1,956 | 254 | 310 |
The taxation charge is represented by:
Current taxation | 1,214 | 2,083 | (44) | 167 |
Deferred taxation | 1,061 | (127) | 298 | 143 |
| 2,275 | 1,956 | 254 | 310 |
5. DIVIDENDS
Distributions during the year
Interim dividend paid | 100 | 100 | 0 | 0 |
Final dividend provided for | 100 | 100 | 0 | 0 |
| 200 | 200 | 0 | 0 |
6. SHARE CAPITAL
Authorised and Issued Capital
29,500,000 ordinary shares of $1 | 11,590 | 24,433 | 2,980 | 5,067 |
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VUW Te Waharoa —
NZ Gazette 1997, No 98
NZLII —
NZ Gazette 1997, No 98
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