New Zealand Gazette – 2000 – No. 115

Page 2892

✨ Financial Statements



2892

NEW ZEALAND GAZETTE

No. 115

Alpine Energy Limited (Lines)
Financial Statements Prepared in Accordance with the
Electricity (Information Disclosure) Regulations 1999 and the
Electricity (Information Disclosure) Amendment Regulations 2000

Notes to and Forming Part of the Financial Statements - Continued
for the Year Ending 31 March 2000

h) Financial Instruments
Financial instruments carried in the Statement of Financial Position include cash and bank balances, receivables and trade creditors. These instruments are generally carried at their estimated fair value. For example receivables are carried net of the related provision for doubtful debts. The particular recognition methods are disclosed in the notes for each item.

i) Goods and Services Tax (GST)
The financial statements have been prepared on a GST exclusive basis except for Accounts Receivable and Accounts Payable.

j) Changes in Accounting Policies
There have been no changes in accounting policies. All policies have been applied on bases consistent with those used in previous years.

  1. Taxation
Income Tax Expense 2000 $'000 1999 $'000
Operating Surplus before Income Tax 6,828 6,742
Add/(Deduct):
    Non Deductible Costs 23 154
    Non Assessable Income (570) (668)
    Timing Differences 696 (423)
Taxable Income 6,977 5,805
Taxation Charge @ 33% 2,302 1,916
Prior Year Over (Under) Provisions 201 -
Income Tax Expense 2,101 1,916

The income tax expense is represented by:

| Current Taxation | 2,331 | 1,776 |
| Deferred Taxation | (230) | 140 |
| | 2,101 | 1,916 |

Deferred Income Tax Liability (Asset)

| Balance at Beginning of Year | 144 | 4 |
| Current Year Timing Differences | (230) | 140 |
| Balance at End of Year | (86) | 144 |

Taxation Liability

| Income Tax Expense | 2,101 | 1,916 |
| Add/(Deduct): | | |
|     Deferred Tax | 230 | (140) |
|     Income Tax Paid | (2,159) | (2,196) |
|     Income Tax Liability at Beginning of Year | 0 | 219 |
| Provision for Tax | 172 | (201) |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 115


Gazette.govt.nz — PDF NZ Gazette 2000, No 115




✨ LLM interpretation of page content

🏗️ Financial Statements of Alpine Energy Limited - Continued (continued from previous page)

🏗️ Infrastructure & Public Works
Financial Statements, Taxation, Income Tax, Deferred Tax, Alpine Energy Limited