New Zealand Gazette – 2001 – No. 111

Page 2876

✨ Financial Statements Notes



NOTES TO THE FINANCIAL STATEMENTS

Note 1 : Taxation

2001 $'000 2000 $'000
Net Profit Before Tax 9,418 6,183
Permanent Difference 3,360 4,678
12,778 10,861

Tax at 33 Cents in the Dollar
| | 4,217 | 3,584 |

Income Tax Charge
| | 4,217 | 3,584 |

Income Tax Charge comprises:
| | | |
| Current Taxation | 437 | (125) |
| Deferred Taxation | 3,780 | 3,709 |
| | 4,217 | 3,584 |

Note 2 : Shareholders Funds

Issued and paid up capital
2,000,000 ordinary shares
| | 2,000 | 2,000 |

Reserves

Asset Revaluation Reserve
| | |
| Balance at beginning of year | 67,975 | 69,470 |
| Revaluation | - | 7,105 |
| Adjustment for Prior Year Deferred Tax Liability | 4,733 | (8,600) |

Balance at end of year
| | 72,708 | 67,975 |

Retained Earnings
| Balance at Beginning of year | 599 | - |
| Net surplus for year | 5,201 | 2,599 |
| Dividend Distributions | (6,000) | (2,000) |

| | (200) | 599 |

Total Shareholders Funds
| | 74,508 | 70,574 |

Note 3 : Fixed Assets

2000 Book Value $'000 AS AT 31 MARCH 2001
Cost or Revaluation
$'000

Line Business

| Network | 205,684 | 12,841 | 192,843 |
| Plant | 257 | 54 | 203 |
| Load Control Equipment | 696 | 118 | 578 |
| Subtotal | 206,637 | 13,013 | 193,624 |

| Buildings | 3,027 | 198 | 2,829 |
| Land | 935 | - | 935 |
| Motor Vehicles | 18 | 3 | 15 |
| Subtotal | 210,617 | 13,214 | 197,403 |

| Future | 10 | 4 | 6 |
| Capital Work in Progress| 1,460 | - | 1,460 |

| Total | 212,087 | 19,218 | 198,869 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 111


Gazette.govt.nz — PDF NZ Gazette 2001, No 111




✨ LLM interpretation of page content

💰 Notes to the Financial Statements (continued from previous page)

💰 Finance & Revenue
Taxation, Shareholders Funds, Fixed Assets, Net Profit, Income Tax, Reserves, Asset Revaluation, Retained Earnings, Book Value