✨ Financial Statements
4642
NEW ZEALAND GAZETTE
No. 194
3. Taxation
Surplus Before Taxation
Taxation @ 33 %
Permanent Differences
Tax Expense as per Statement of financial Performance
Comprising:
Current Taxation
Deferred Taxation
4. Deferred Taxation
Opening Balance
Deferred Tax Prior Period
Deferred Tax Current Period
Closing Balance
5. Share Capital
Authorised Issued and Paid up Share Capital
6. Fixed Assets
Land (at cost)
Buildings (at cost)
Accumulated Depreciation
Book Value
Distribution System
Accumulated Depreciation
Book Value
Total Fixed Assets
7. Term Loans
Reserve Bank Loan (Interest Rate 8.7 %)
Unsecured, Total Repayable 15 February 2001
8. Related Party Transactions
Network Tasman Limited owns 50% of the shares in Nelson Electricity Limited and has in the past year provided management and administrative services for no consideration to Nelson Electricity Limited.
Marlborough Lines Limited owns 50% of the shares in Nelson Electricity Limited and has in the past year provided management and administrative services for no consideration to Nelson Electricity Limited.
There are no other related party disclosures required under Regulation 9 of the Electricity (Information Disclosure) Regulations 1999.
9. Events Subsequent to Balance Date
As a result of agreement reached on 1 April 1999 between Nelson Electricity Limited, Trans Alta Limited and Citipower Limited, the Nelson Electricity network lease in favour of Citipower was terminated on that date.
On 31 May 1999 the Nelson Electricity metering assets were sold to Trustpower Limited.
Year Ended
31-Mar-99
$000
954
315
22
337
80
257
337
87
190
67
344
As At
31-Mar-99
$000
3,702
As At
31-Mar-99
$000
15
144
62
82
9,298
5,852
3,446
3,543
As At
31-Mar-99
$000
1,795
Year Ended
31-Mar-98
$000
1,387
458
18
476
472
4
476
83
0
4
87
As At
31-Mar-98
$000
5,000
As At
31-Mar-98
$000
15
144
59
85
10,622
5,582
5,040
5,140
As At
31-Mar-98
$000
1,794
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VUW Te Waharoa —
NZ Gazette 1999, No 194
NZLII —
NZ Gazette 1999, No 194
✨ LLM interpretation of page content
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Nelson Electricity Limited Financial Performance
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🏭 Trade, Customs & IndustryFinancial Statements, Cash Flows, Income, Expenditure, Nelson Electricity Limited