New Zealand Gazette – 2001 – No. 118

Page 3047

✨ Financial Statements



5 SEPTEMBER NEW ZEALAND GAZETTE 3047

6

TAXATION

2001 2000
$ $
Net Surplus before Taxation 2,085,409 2,376,401
Prima facie taxation at 33% 688,185 784,212
Prior year adjustment 0 (295,000)
Deferred Tax Adjustment 0 (12,062)
Less Tax effect on permanent differences 725,723 721,828
Less Tax effect of timing differences not Recognised 0 0
Total Taxation Expense 1,413,908 1,198,978

The Taxation charge comprises:

2001 2000
$ $
Current Taxation 579,529 479,338
Prior Year Adjustment 0 (12,062)
Deferred Taxation 834,379 731,702
1,413,908 1,198,978

Deferred Taxation Liability:

2001 2000
$ $
Opening Balance 5,458,289 4,738,649
Current Year Movement 834,379 731,702
Prior Year Adjustment 43,652 (12,062)
6,336,320 5,458,289

7

CUSTOMER DEFERRED DISCOUNT AND DIVIDEND

Calculations for deferred discounts paid to each customer were based on their individual line charges calculated for the financial year.

There has been no dividend declared this year.

8

EQUITY

a) Shareholders' equity:

i) Share capital

2001 2000
$ $
29,903,600 25,956,173

ii) Retained earnings

2001 2000
$ $
3,487,236 2,815,735

iii) Reserves

2001 2000
$ $
34,117,182 30,663,221

iv) Total shareholders' equity

2001 2000
$ $
67,508,018 59,435,129

b) Minority interests in subsidiaries

2001 2000
$ $
0 0

c) Total equity

2001 2000
$ $
67,508,018 59,435,129

d) Capital notes

2001 2000
$ $
0 0

e) Total capital funds

2001 2000
$ $
67,508,018 59,435,129


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 118


Gazette.govt.nz — PDF NZ Gazette 2001, No 118




✨ LLM interpretation of page content

💰 Accounting Policies for Financial Statements (continued from previous page)

💰 Finance & Revenue
Income Taxation, Deferred Taxation, Valuation of Assets, Accounts Receivable, Inventories, GST, Allocation Methodologies

💰 Taxation Details for Financial Year

💰 Finance & Revenue
Net Surplus, Taxation Expense, Deferred Taxation, Current Taxation

💰 Customer Deferred Discount and Dividend

💰 Finance & Revenue
Deferred Discounts, Customer Charges, Dividend Declaration

💰 Equity and Shareholders' Funds

💰 Finance & Revenue
Share Capital, Retained Earnings, Reserves, Shareholders' Equity, Minority Interests