New Zealand Gazette – 2001 – No. 115

Page 2982

✨ Financial Statements Notes



2982 NEW ZEALAND GAZETTE No. 115

Notes to the financial statements (continued)

For the year ended 31 March 2001

2001 2000
$'000 $'000
  1. Operating Expenditure (continued)

(k) Merger and acquisition expenses | 77 | - |
(l) Takeover defense expenses | - | - |
(m) Research and development expenses | - | - |
(n) Consultancy and legal expenses | 266 | 209 |
(o) Donations | - | - |
(p) Directors' fees | 123 | 109 |
(q) Auditors' fees:
(i) audit fees paid to principal auditors | 28 | 23 |
(ii) audit fees paid to other auditors | - | - |
(iii) fees paid for other services provided by |
principal and other auditors | 3 | 2 |
(iv) Total auditors fees | 31 | 25 |
(r) Costs of offering credit
(i) Bad debts written off | 12 | - |
(ii) Increase in estimated doubtful debts | - | - |
(iii) Total cost of offering credit | 12 | - |
(s) Local authority rates | 9 | 8 |
(t) AC loss-rentals (distribution to retailers/
customers) expense | - | - |
(u) Rebates to consumers due to ownership interest| - | - |
(v) Subvention payments | - | - |
(w) Unusual expenses | - | - |
(x) Other expenditure not listed in (a) to (w) | 242 | 792 |
Total operating expenditure | 16,048| 13,358|

  1. Interest expense

(a) Interest expense on borrowings | 449 | 283 |
(b) Financing charges related to finance leases | 2 | 7 |
(c) Other interest expense | - | - |
(d) Total Interest Expense | 451 | 290 |

  1. Taxation

Profit before taxation | 5,554 | 5,937 |
Prima facie taxation at 33% | 1,833 | 1,959 |
Add (subtract) tax effect of permanent differences | (242) | (95) |

Income tax expense | 1,591 | 2,053 |

Income Tax expense is made up of
Current Taxation | 1,589 | 1,904 |
| 2 | 183 |
| 1,591 | 2,087 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 115


Gazette.govt.nz — PDF NZ Gazette 2001, No 115




✨ LLM interpretation of page content

💰 Notes to the financial statements (continued from previous page)

💰 Finance & Revenue
Financial Statements, Operating Expenditure, Interest Expense, Taxation, Accounting