New Zealand Gazette – 2001 – No. 73

Page 1737

✨ Financial Statements



16 JULY NEW ZEALAND GAZETTE 1737

Network Tasman Limited
Line Business Financial Statements

Notes to the financial statements
For the year ended 31 March 2001

  1. Operating revenue

Operating revenue comprises:

Distribution revenue (net of line discounts) 22,995 21,339
Interest income 714 412
Other revenue 3,490 1,862
Total operating revenue 27,199 23,613

  1. Continuing & Discontinued operations

Continuing operations
Operating revenue 27,199 23,613
Net surplus 4,862 3,880

Discontinued operations
Operating revenue 0 0
Net surplus 0 0

Totals
Operating revenue 27,199 23,613
Net surplus 4,862 3,880

  1. Operating expenses

Operating expenses include:

Audit fees 27 26
Bad debts written off 9 9
Depreciation of fixed assets 2,641 2,500
Directors’ fees 124 124
Donations 1 1
Change in provision for doubtful debts (4) 4
Interest expense 19 22
Loss on sale of fixed assets 63 0
Other remuneration paid to auditor 0 4
Rental and operating lease costs 164 1

  1. Taxation

Operating surplus before income tax 7,342 5,688

Permanent differences:
Vested asset income reversal (1,140) (1,228)
Depreciation 1,026 1,030
Other permanent differences (76) (12)
(190) (210)

Taxable income 7,152 5,478

Tax expense @ 33% 2,360 1,808
Income tax (over) under provided in prior year 120 0
Total income tax expense 2,480 1,808

The income tax expense is represented by:
Current taxation 2,435 1,840
Deferred taxation 45 (32)
2,480 1,808



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 73


Gazette.govt.nz — PDF NZ Gazette 2001, No 73




✨ LLM interpretation of page content

🏭 Certification of Financial Statements, Performance Measures, and Statistics Disclosed by Line Owners (continued from previous page)

🏭 Trade, Customs & Industry
29 June 2001
Financial Instruments, Credit Risk, Interest Rate Risk, Cash Flows, Employee Entitlements, Operating Leases, Accounting Policies