New Zealand Gazette – 2001 – No. 80

Page 1885

✨ Financial Statements



31 JULY
NEW ZEALAND GAZETTE
1885

  1. Annual Valuation Reconciliation Report

System Fixed Assets at ODV (start of period) $39,632,431
Add System Fixed Assets acquired during the period at ODV 1,641,942
Less System Fixed Assets disposed of during the period at ODV (108,277)
Less depreciation on System Fixed Assets at ODV (1,478,450)
Add revaluations of System Fixed Assets (480,028)
Gives System Fixed Assets at ODV (end of period) 39,207,618

  1. Taxation

                                2001        2000
                            $           $

    Surplus (Deficit) Before Taxation 1,901,464 3,103,759
    Income tax expense at 33 cents in the dollar 627,483 1,024,240
    Plus (Less) the Effect of:
    Realised capital gains 0 0
    Non-assessable receipts (51,374) 0
    Non-deductible expenses 487,888 261,293
    Unrecognised timing differences 0 0
    1,063,997 1,285,533
    Taxation Charge is Represented by:
    Income Tax Liability (Benefit) in respect of the current year 767,379 1,265,468
    Deferred Taxation 296,618 20,065
    1,063,997 1,285,533

  2. Movement in Deferred Tax Account

                                2001        2000
                            $           $

    Opening Balance 2,356,010 173,562
    Movement in Deferred Tax 296,618 20,065
    Future Income Tax Benefit 0 0
    Deferred Tax on Revalued Assets (416,564) 2,162,383
    Closing Balance 2,236,064 2,356,010



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 80


Gazette.govt.nz — PDF NZ Gazette 2001, No 80




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🏭 Financial Statements for Network Waitaki Limited (continued from previous page)

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Electricity, Financial Statements, Information Disclosure, Network Waitaki, Regulations