New Zealand Gazette – 1998 – No. 106

Page 2596

✨ Financial Statements



2596 NEW ZEALAND GAZETTE No. 106

WAIPA POWER LIMITED - OTHER BUSINESS

1998 1997
$ $

2 NET PROFIT BEFORE TAXATION

After Charging:

  • Audit fees and expenses
    12,005
    13,701
  • Depreciation
    219,309
    157,120
  • Directors' fees
    54,365
    47,462
  • Bad Debts
    15,522
    22,473
  • Net Loss on Disposal of Fixed Assets
    (4,844)
    9,541

After Crediting:

  • Interest Received
    57,980
    75,154

3 TAXATION

  • Net profit before taxation
    1,030,892
    746,862
  • Prima facie taxation at 33%
    340,194
    246,464

  • Tax effect of permanent differences

  • Tax effect of timing differences not Recognised
    5,255
    10,434

Taxation Expense
345,449
256,898

  • Over provision previous year

  • Adjustments Previous Years

Total Taxation Expense
345,449
256,898

The Taxation charge comprises:

  • current taxation
    345,449
    256,898

  • deferred taxation

4 SHARE CAPITAL

Authorised, Issued & Paid-up Share Capital
2,000,000 ordinary shares of $1 each
2,000,000
2,000,000



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🏭 Notes to Financial Statements of Waipa Power Limited (continued from previous page)

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Financial Statements, Accounting Policies, Receivables, Income Tax, Inventories, Financial Instruments, Business Separation, Waipa Power Limited