New Zealand Gazette – 2001 – No. 113

Page 2936

✨ Financial Statements

For the Year Ended 31 March 2001

Line Business	2001	2000
	$'000's	$'000's

Operating Revenue

Line Charges | 23,815 | 26,388 |
Loss Rental Rebate | 1,562 | 712 |
Line Contributions | 1,342 | 1,516 |
Interest Received | 128 | 191 |
Sundry Income | 13 | 36 |
| 26,860| 28,843|
Operating Surplus Before Tax After Charging:

Bad Debts Written Off | - | - |
Depreciation | 3,789 | 3,906 |
Directors' Fees | 76 | 76 |
Interest | 4 | 1 |
Rental and Operating Lease Costs | 3 | 6 |
Research and Development | 7 | 15 |
Donations | - | - |
Gain (Loss) on Sale of Assets | - | - |
Auditors' Remuneration

Auditing Financial Statements | 15 | 12 |
Other Services | 3 | 1 |
Taxation

Operating Surplus Before Taxation | 6,955 | 6,924 |

Prima Facie Taxation @ 33% | 2,298 | 2,285 |
Plus Tax Effect of Permanent Differences:
Permanent Differences | 1,191 | 546 |
Timing differences not recognised | (1,258) | (419) |
Prior Period Adjustment | - | (45) |
Deferred Tax Adjustment | - | (3,276) |
Tax on Profits for Year | $2,231| $(909)|

The Taxation Charge is Represented by:-
Current Taxation | 2,231 | 2,367 |
Deferred Taxation | - | (3,276) |
| $2,231| $(909)|

Movements in Provision for Deferred Taxation:
Opening Balance | - | (3,276) |
Prior Period Adjustment | - | - |
Current Movement in Timing Differences | $0 | $0 |

Imputation Credit Account:
Opening Balance | 3,674 | 3,244 |
Imputation Credits Attached to Dividends Paid | (2,463) | - |
Income Tax Payments During Year | 2,468 | 430 |
| $3,679| $3,674|

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Domain🏭 Trade, Customs & Industry
KeywordsFinancial Position, Equity, Liabilities, Assets, Share Capital, Retained Earnings

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