✨ Financial Statements




4402
NEW ZEALAND GAZETTE
No. 186

  1. 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 -
  1. 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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✨ LLM interpretation of page content

🏭 Natural Gas Corporation – Gas Distribution Activities Financial Statements Notes (continued from previous page)

🏭 Trade, Customs & Industry
Natural Gas, Financial Statements, Accounting Policies, Gas Distribution, Gas (Information Disclosure) Regulations 1997