✨ Financial Statements
NEW ZEALAND GAZETTE
No. 87
NETWORK TASMAN LIMITED
LINE BUSINESS FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2000
| 2000 | 1999 | |
|---|---|---|
| $000 | $000 |
2. CONTINUING AND DISCONTINUED ACTIVITIES
Continuing Activities
Operating revenue ... 23,613 25,808
Operating surplus after taxation ... 3,880 4,117
Discontinued Activities
Operating revenue ... 0 0
Operating surplus after taxation ... 0 0
Total Activities
Operating revenue ... 23,613 25,808
Operating surplus after taxation ... 3,880 4,117
3. OPERATING SURPLUS BEFORE TAXATION
After charging:
| 2000 | 1999 | |
|---|---|---|
| Audit fees | 26 | 23 |
| Bad debts written off | 9 | 35 |
| Depreciation | 2,500 | 2,544 |
| Directors’ fees | 124 | 74 |
| Donations | 1 | 1 |
| Change in provision for doubtful debts | 4 | (46) |
| Interest | 22 | 3 |
| Other remuneration paid to auditor | 4 | 4 |
| Rental and operating lease costs | 1 | 0 |
| Write-down of buildings | 0 | 1,365 |
4. INCOME TAX EXPENSE
Operating surplus before taxation ... 5,688 7,161
Prima facie taxation ... 1,877 2,364
(Over) under provision from prior years ... 0 (67)
Plus (less) tax effect of permanent differences:
Vested asset: income reversal ... (405) (282)
Depreciation ... 340 574
Other permanent differences ... (4) 455
Income Tax Expense to Statement of Financial Performance ... 1,808 3,044
The income tax expense is represented by:
Current taxation ... 1,840 1,837
Deferred taxation ... (32) 1,207
... 1,808 3,044
5. DIVIDENDS
Distributions during the year:
Interim dividends paid ... 6,330 150
Final dividend provided for ... 0 100
Total distributions paid or payable ... 6,330 250
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 87
Gazette.govt.nz —
NZ Gazette 2000, No 87
✨ LLM interpretation of page content
🏭
Network Tasman Limited Information Disclosure
(continued from previous page)
🏭 Trade, Customs & IndustryElectricity, Information Disclosure, Regulations, Financial Statements, Performance Measures, Accounting Policies, Line Revenue, GST, Fixed Assets, Valuation, Depreciation