New Zealand Gazette – 2000 – No. 102

Page 2541

✨ Financial Statements



22 AUGUST NEW ZEALAND GAZETTE 2541

  1. TAXATION

Accounting profit/(loss) before taxation 2000 1999
$000 $000
7,222 5,625

Prima facie taxation/(credit) 2,383 1,856

Plus/(less) taxation effect of:
Non deductible expenses 6 27
Other permanent differences 8 16
Loss offset with “Other” Business - (848)
Income Tax Attributable to Net Operating Surplus/(Loss) 2,397 1,051

The taxation charge/(credit) is represented by:

Current Taxation/(Credit) 2,109 517
Deferred Taxation 288 534
2,397 1,051

Deferred taxation is represented by:

Deferred taxation 1 April 1999 1,713 1,179
Current charge/(credit) 288 534
Deferred taxation liability/(benefit) 2,001 1,713

Imputation credit account:

Balance as at 1 April 2000 2,341 1,471
Income tax payments made during the period:
Line Business 1,628 870
Other Business 35 -
Imputation credits attached to dividends paid to shareholders:
Line Business (123) -
Other Business (3,448) -
Balance as at 31 March 2000 433 2,341

Imputation credits are recorded for both the Line and Other Businesses, as the two
businesses operate as a single legal and tax entity. As a consequence all imputation
credits are available for utilisation by either or both businesses.

  1. SHARE CAPITAL

Issued and Paid In Capital: 15,000,000 Ordinary Shares 2000 1999
$000 $000
29,311 29,311



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 102


Gazette.govt.nz — PDF NZ Gazette 2000, No 102




✨ LLM interpretation of page content

🏭 Counties Power Limited Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Revenue, Expenditure, Surplus, Tax, Equity, Dividend, Depreciation, Taxation, Accounting Policy