New Zealand Gazette – 1998 – No. 116

Page 2849

✨ Financial Statements



17 AUGUST

NEW ZEALAND GAZETTE

2849

WAITOMO ENERGY SERVICES LIMITED

Line Business Activity

Notes to the Financial Statements
For the Year Ended 31st March 1998

NOTE 2:

Taxation Expense

1998 1997
Nominal Profit Before Tax 3,429,886 2,709,108
Prima Facie Taxation @ 33% 1,131,862 894,006
Add/(Less) Effect of Permanent Tax Diff (212,718) (172,702)
Plus Prior Period Liability — —
Net Taxation Expense $ 919,144 $ 721,304

NOTE 3:

Customer Discount

1998 1997
Discount Declared 1,673,956 1,500,691
Less Taxation Effect 552,405 495,228
$1,121,551 $1,005,463

NOTE 4:

Fixed Assets 1998

Cost At Valuation Accumulated Depreciation Carrying Value
Land 99,576 27,458 0 127,034
Buildings 0 468,700 10,700 458,000
Distribution System 1,151,443 28,846,979 65,892 29,932,530
MV Plant & Equipment 1,784,141 0 849,138 935,003
Capital Work in Progress 750,581 0 0 750,581
Total 3,785,741 29,343,137 925,730 32,203,148

Fixed Assets 1997

Cost At Valuation Accumulated Depreciation Carrying Value
Land 99,126 23,500 0 122,626
Buildings 0 464,972 0 464,972
Distribution System 728,144 28,846,979 135,603 29,439,520
MV Plant & Equipment 1,515,405 0 697,656 817,749
Capital Work in Progress 479,071 0 0 479,071
Total 2,821,746 29,335,451 833,259 31,323,938


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🏭 Waitomo Energy Services Limited Financial Performance Statement (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Notes, Accounting Policies, Allocations, Business Units, Overhead Costs, Interest Costs, Customer Discounts