New Zealand Gazette – 1997 – No. 98

Page 2288

✨ Financial Statements



2288

NEW ZEALAND GAZETTE

No. 98

TASMAN ENERGY LIMITED
LINE & OTHER BUSINESSES FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS

  1. FIXED ASSETS
Line Business Other Business
1997 1996 1997 1996
$000 $000 $000 $000
1,743 1,742 0 0
5,766 5,765 0 0
688 571 0 0
5,078 5,194 0 0
73,695 25,971 0 0
0 2,741 0 0
73,695 23,230 0 0
1,112 910 1,115 1,327
624 534 487 425
488 376 628 902
1,584 1,230 157 245
1,011 670 82 117
573 560 75 128
499 656 1,330 1,317
182 274 370 307
317 382 960 1,010
81,894 31,484 1,663 2,040

Land (at valuation)

Buildings (at valuation)
Accumulated depreciation

Distribution system (at valuation)
Accumulated depreciation

Plant and equipment
Accumulated depreciation

Computer equipment (at cost)
Accumulated depreciation

Motor vehicles (at cost)
Accumulated depreciation

Total Fixed Assets

  1. DEFERRED TAXATION
Opening Balance (1,061) (1,061) (298)
Reverse deferred tax to Statement of Financial Performance 1,061 298
0 (1,061) 0
(298)

In accordance with the accounting policy taxation has been provided for using the partial basis. This has resulted in deferred tax opening balances being reversed to provision for tax in the Statement of Financial Performance. As a result of revaluation a credit timing difference between accounting book value and tax book value of $6,073,085 (1996 $241,405 debit) has arisen. This timing difference has not been recognised as it would only crystallise should the revalued assets (being distribution system and buildings) be sold.



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✨ LLM interpretation of page content

🏭 Fixed Assets and Deferred Taxation Notes (continued from previous page)

🏭 Trade, Customs & Industry
Fixed Assets, Deferred Taxation, Financial Statements, Line Business, Other Business, Valuation, Depreciation