New Zealand Gazette – 2000 – No. 96

Page 2405

✨ Financial Statements



21 AUGUST

NEW ZEALAND GAZETTE

2405

notes to and forming part of the financial statements

CentralPower Limited

3. Taxation

2000
$000's
Surplus before taxation 12,774
Prima facie taxation at 33% (1999: 33%) 4,215

Adjusted by the tax effect of:
| Permanent differences | (173) |
| Previously unrecognised deferred tax liability | 1,488 |
| Over provision in prior years | (26) |
| | 5,454 |

Represented by:
| Current tax | (4,500) |
| Deferred tax | 9,954 |
| | 5,454 |

| Opening balance of deferred tax | 154 |
| Adjusted for the tax effect of: |
| Movement in other provisions | 172 |
| Difference between accounting and tax depreciation | (148) |
| Previously unrecognised deferred tax liability | (9,111) |
| Deferred tax liability charged against revaluation reserve | (787) |
| Movement in employee remuneration accruals | (79) |
| Under provision in previous years | (1) |
| Closing balance deferred tax | (9,800) |

4. Receivables

2000 1999
$000's $000's
Trade receivables 3,411 3,846
Non-trade receivables 67 248
3,478 4,094

Included in non-trade receivables are the following loans:
CentralPower Limited employees
| | 2 | 10 |

5. Payables and Accruals

2000 1999
$000's $000's
Trade creditors 2,610 2,309
Employee provisions 415 469
Restructuring provision 110 0
Sundry creditors and accruals 647 11
3,782 2,789


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 96


Gazette.govt.nz — PDF NZ Gazette 2000, No 96




✨ LLM interpretation of page content

🏭 Operating Surplus Before Taxation for the Year (continued from previous page)

🏭 Trade, Customs & Industry
Operating Revenue, Expenditure, Financial Performance, CentralPower Limited