New Zealand Gazette – 2000 – No. 159

Page 4091

✨ Financial Statements



28 NOVEMBER NEW ZEALAND GAZETTE 4091

vii) Goodwill
The excess of cost over the fair value of businesses acquired is recognised as goodwill and is amortised to the Statement of Financial Performance over periods of up to 20 years.

viii) Changes in Accounting Policies and Comparatives
There have been no changes in accounting policies.

  1. Surplus before Taxation

                                          $Thousands
                                      2000      1999

    Surplus before Taxation is stated after charging:
    Audit fees and expenses 28 28
    Fees for other services paid to the Auditors 25 25
    Depreciation 1,578 441
    Leasing Costs 192 413
    Goodwill Amortisation 250 104

  2. Taxation

                                          $Thousands
                                      2000      1999

    The Income Tax Expense has been calculated as follows:
    Surplus before Taxation 1,624 3,342
    Income Tax at 33% 536 1,102

  3. Fixed Assets

                         2000                           1999
          Cost/    Accumulated  Net Book   Cost/    Accumulated  Net Book
          Valuation Depreciation Value    Valuation Depreciation Value

    Equipment 9,684 4,977 4,707 7,717 4,107 3,610
    Motor Vehicles 1,707 770 937 332 142 190
    11,391 5,747 5,644 8,049 4,249 3,800



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 159


Gazette.govt.nz — PDF NZ Gazette 2000, No 159




✨ LLM interpretation of page content

💰 Natural Gas Corporation Performance Measures (continued from previous page)

💰 Finance & Revenue
23 November 2000
Financial Statements, Accounting Policies, Gas Retailing, Taxation, Depreciation