✨ Financial Statements
NEW ZEALAND GAZETTE
13 AUGUST
Note 3 Company Imputation Credit Account
| | 1999
| | $000 | 1998
| | | $000
|----------------|------|------|
| Balance 1 April 1998 | 348 | 513 |
| Plus: Taxation Paid | - | - |
| Resident Withholding Tax | - | - |
| Less: Imputation Credits attached to: | | |
| Dividends Paid | 24 | (25) |
| Taxation Refund | - | (140)|
| Balance as at 31 March 1999 | 324 | 348 |
Deferred Taxation Account
| | 1999
| | $000 | 1998
| | | $000
|----------------|------|------|
| Opening Balance | 75 | 68 |
| Income Tax Benefits not previously recognised | 661 | 7 |
| | 736 | 75 |
A deferred tax liability of $2,422,924 has not been recognised. A tax loss benefit of $736,985 has been recognised. Subsequent realisation is subject to the requirements of income tax legislation being met.
Taxation Calculation
| | 1999
| | $000 | 1998
| | | $000
|------------------------|-------|------|
| Profit/Loss Before Taxation | 217 | 1,110|
| Tax @ 33 cents on Assessable Income | 72 | 81 |
| Plus/(Less) Tax effect of Permanent Differences | (1,047)| 2 |
| Less Tax effect of Timing Differences | - | (50) |
| Deferred Tax Adjustment | 7 | (40) |
| Deferred Taxation | (968) | (7) |
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VUW Te Waharoa —
NZ Gazette 1999, No 95
NZLII —
NZ Gazette 1999, No 95
✨ LLM interpretation of page content
💰
Statement of Financial Performance Expenses
(continued from previous page)
💰 Finance & RevenueExpenses, Meter Data, Consumer-based load control, Disconnection/reconnection services, Asset Maintenance services, Transmission charges, Employee salaries, Customer billing, Redundancies, Financial Performance
💰 Company Imputation Credit Account
💰 Finance & RevenueImputation Credit, Taxation, Dividends, Refunds
💰 Deferred Taxation Account
💰 Finance & RevenueDeferred Taxation, Tax Loss, Income Tax Legislation
💰 Taxation Calculation
💰 Finance & RevenueProfit/Loss, Assessable Income, Permanent Differences, Timing Differences, Deferred Taxation