New Zealand Gazette – 2001 – No. 120

Page 3147

✨ Financial Statements



MAINPOWER NEW ZEALAND LTD

Lines Business

Notes to and Forming Part of the Financial Statements

For The Year Ended 31 March 2001

1b Operating Expenditure (continued)

2001 2000
$000 $000
Auditors Fees
Principal Auditors 28 33
Other Auditors - -
Other Audit Services 12 13
Total Auditors Fees 40 46

| Cost of Credit | | |
| Bad Debts Written Off | (8) | 4 |
| Doubtful Debts | - | 50 |
| Total Cost of Credit | (8)| 54|

| | | |
| Rates | 21 | 25 |
| AC Loss – Rental Rebates | | |
| Rebates to Consumers Due to Ownership Interest | 6,032 | 5,630 |
| Subvention Payments | - | - |
| Unusual Expenses | - | - |
| Other Expenditure | 56 | - |

| Total Operating Expenditure | 19,629 | 19,012 |

| Operating Surplus Before Interest and Income Tax | 2,664 | 1,376 |

Interest Expense

2001 2000
Borrowings 1 3
Finance Leases - -
Other - -
Total Interest Expense 1 3

| Operating Surplus Before Income Tax | 2,663 | 1,373 |
| Income Tax | 964 | 662 |

| Net Surplus After Tax | 1,699 | 711 |

1c Taxation

2001 2000
Operating Surplus Before Taxation 2,663 1,373
Prime Facie Taxation @ 33 cents 879 453
Movement in Income Tax Due to
Permanent Differences 321 428
Taxation Relating to Previous Periods - -
Timing Differences Not Recognised (236) (219)
Deferred Tax Adjustment - -
Total Taxation Expense per Statement of Financial Performance 964 662

| The Taxation Charge is Represented by: | | |
| Current Taxation | 964 | 662 |
| Deferred Taxation | - | - |

| Total Taxation Expense per Statement of Financial Performance | 964 | 662 |

  1. Share Capital
Issued and Fully Paid Capital 2001 2000
Ordinary Shares 23,406 23,406
Redeemable Preference Shares 5 5

| Total Issued Capital | 23,411 | 23,411 |

Share Capital Movements

2001 2000
Opening Balance 23,411 23,411
Total Issued Capital 23,411 23,411


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 120


Gazette.govt.nz — PDF NZ Gazette 2001, No 120




✨ LLM interpretation of page content

🏭 Statement of Cash Flows for MainPower New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Cash Flows, Financial Statements, Operating Activities, Investing Activities, Financing Activities, MainPower New Zealand Limited