✨ Financial Report




5 AUGUST

NEW ZEALAND GAZETTE

2583

WAIPA POWER LIMITED - LINE BUSINESS

1998 1997
$ $

2 NET PROFIT BEFORE TAXATION

After Charging:
Direct Expenditure ... 1,693,385 ... 1,851,501
Audit fees and expenses ... 16,604 ... 18,238
Directors' fees ... 41,130 ... 36,083
Bad Debts ... 11,373 ... 17,413
Other Indirect expenditure ... 1,081,666 ... 1,113,074
Depreciation ... 268,216 ... 244,587
Net Loss on Disposal of Fixed Assets ... - ... 448,537

After Crediting:
Interest Received ... 57,380 ... 67,639

3 TAXATION

Net profit before taxation ... 2,901,056 ... 2,021,946
Prima facie taxation at 33% ... 957,348 ... 667,242
Tax effect of permanent differences ... - ... 148,017
Tax effect of timing differences not recognised ... (246,434) ... (168,299)

Taxation Expense ... 710,914 ... 646,960
Over provision previous year ... - ... 345
Adjustments previous years ... -

Total Taxation Expense ... 710,914 ... 647,305

The Taxation charge comprises:

  • current taxation ... 710,914 ... 647,305
  • deferred taxation ... -

4 SHARE CAPITAL

Authorised, Issued & Paid-up Share Capital
8,000,000 ordinary shares of $1 each ... 8,000,000 ... 8,000,000



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VUW Te Waharoa PDF NZ Gazette 1998, No 106


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🏭 Accounting Policies of Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Report, Net Profit, Taxation, Share Capital, Waipa Power Limited