β¨ Financial Statements
4402
NEW ZEALAND GAZETTE
No. 186
- Surplus before Taxation & Abnormal Items
$ Thousands
| 1999 | 1998 | |
|---|---|---|
| (a) Surplus before Taxation is stated after charging: | ||
| Audit fees and expenses | 32 | 32 |
| Fees for other services paid to the Auditors | 30 | 3 |
| Depreciation | 4,645 | 4,730 |
| Leasing Costs | 515 | 454 |
| (b) Abnormal Item: | ||
| Profit on Sale of Network Assets | 3,965 | - |
- Income Tax
$ Thousands
| 1999 | 1998 | |
|---|---|---|
| The Income Tax Expense has been calculated as follows: | ||
| Surplus before Taxation | 15,521 | 10,654 |
| Income Tax at 33% | 5,122 | 3,516 |
| Adjustments to taxation for: | ||
| Non-deductible expenditure | - | (21) |
| Taxation charge | 5,122 | 3,495 |
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VUW Te Waharoa —
NZ Gazette 1999, No 186
NZLII —
NZ Gazette 1999, No 186
β¨ LLM interpretation of page content
π
Natural Gas Corporation β Gas Distribution Activities Financial Statements Notes
(continued from previous page)
π Trade, Customs & IndustryNatural Gas, Financial Statements, Accounting Policies, Gas Distribution, Gas (Information Disclosure) Regulations 1997