✨ Financial Statements Notes
2672 NEW ZEALAND GAZETTE No. 112
THE LINES COMPANY LIMITED
(formerly Waitomo Energy Services Limited)
Line Business Activity
Notes to the Financial Statements
For the Year Ended 31st March 1999
Construction of the following types of assets was undertaken by the “other Business Activity” for The Lines Company.
(i) Distribution Lines and Cables
Total number of hours 1175.5
Average Labour Cost per hour = $19.83
Average cost of Plant/Vehicles = $10.71 per hour
(ii) Zone Substation
Total number of hours = 255
Average labour cost per hour = $22.59
Average cost of Plant/Vehicles = $12.20
(iii) Medium Voltage Switchgear
Total number of hours = 629.5
Average Labour cost per hour = $21.05
Average cost of Plant/Vehicles = $11.37
(iv) Other Assets
Total number of hours = 25
Average labour cost per hour = $23.31
Average Cost of Plant/Vehicles = $12.60
NOTE 3: TAXATION EXPENSE
| 1999 | 1998 | |
|---|---|---|
| $000 | $000 | |
| Nominal Profit Before Tax | 3,422 | 3,430 |
| Prima Facie Taxation @ 33% | 11,129 | 1,132 |
| Add/(Less) Effect of Permanent Tax Diff | (250) | (213) |
| Net Taxation Expense | $ 879 | $ 919 |
NOTE 4: CUSTOMER DISCOUNT
| 1999 | 1998 | |
|---|---|---|
| Discount Declared | 2,566 | 1,674 |
| Less Taxation Effect | 847 | 552 |
| $ 1,719 | $ 1,122 |
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1999, No 112
NZLII —
NZ Gazette 1999, No 112
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for The Lines Company Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Construction Costs, Taxation Expense, Customer Discount, Asset Maintenance