New Zealand Gazette – 2001 – No. 131

Page 3348

✨ Financial Statements



CENTRALINES LIMITED - LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEARS ENDED 31 MARCH

2001 2000
$000 $000

Note 1:

(i) OPERATING REVENUE

  • Network line rentals net of customer rebates | 4,876 | 5,462 |

  • AC loss-rental rebates | 314 | 158 |

  • Interest income | 278 | 103 |

  • Dividend income | 0 | 0 |

    Total revenue | 5,468 | 5,723 |

(ii) OPERATING EXPENSES

  • Audit fees | 32 | 36 |

  • Auditors fees for other services | 0 | 0 |

  • Fees to other auditors | 0 | 0 |

  • Bad debts written off | 38 | 0 |

  • Depreciation | 748 | 816 |

  • Directors remuneration & expenses | 66 | 68 |

  • Donations | 1 | 1 |

  • Loss/(gain) on sale of assets | 4 | 107 |

  • Consumer rebates | 1,632 | 0 |

  • Cost of sales & operating expenses | 1,793 | 3,107 |

    Total operating expenses | 4,314 | 4,135 |

Note 2: Taxation Reconciliation

  • Accounting net operating surplus before taxation | 1,154 | 1,588 |

    Taxation at 33% | 381 | 524 |

    Plus tax effect of:

    • Timing differences | (230) | (329) |
    • Permanent differences | 310 | 242 |
    • Prior year adjustment | (2) | 0 |

    Income tax charge for the year | 459 | 437 |

Income tax charge for the year comprises:

  • Current taxation | 160 | 0 |

  • Deferred taxation | 299 | 437 |

    Total | 459 | 437 |

Deferred Tax Asset / (Liability):

  • Opening balance | 299 | 736 |

  • Prior period adjustment | 0 | 0 |

  • Current year movement | (299) | (437) |

  • Tax losses | 0 | 0 |

    Closing balance | 0 | 299 |

Imputation Credit Account:

  • Opening balance | 299 | 324 |

  • Tax paid during the year | 0 | 0 |

  • Credits attached to dividends received | 0 | 0 |

  • Credits attached to dividends paid | (25) | (25) |

    Closing balance | 274 | 299 |

Note 3: Retained Earnings & Reserves
Retained Earnings

  • Balance at beginning of the year | 2,279 | 511 |

  • Net surplus for the year | 695 | 1,151 |

  • Other movements / distribution to owners | (50) | 617 |

    Balance at end of the year | 2,924 | 2,279 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 131


Gazette.govt.nz — PDF NZ Gazette 2001, No 131




✨ LLM interpretation of page content

🏭 Centralines Limited Notes to the Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2001
Financial Statements, Operating Revenue, Operating Expenses, Taxation, Retained Earnings, Centralines Limited