✨ Financial Statements
2736 NEW ZEALAND GAZETTE No. 101
- Taxation
| 31 March 2002 | 31 March 2001 | |
|---|---|---|
| $000 | $000 | |
| Net Surplus Before Taxation | 5,102 | 4,354 |
Prima Facie Taxation at 33% | 1,684 | 1,437 |
Plus/(Less) Taxation Effect of:
- Permanent Differences:
- Recognition of Taxation Losses Not Previously Recognised | - | (421) |
- Other | (182) | (104) |
- Timing Differences Adjustment | 87 | - |
- Prior Period Over Provision | (70) | - |
- Recognition of Opening Deferred Taxation Asset | - | (358) |
| Taxation Expense | 1,519 | 554 |
Comprising of:
- Current Taxation | 1,569 | 762 |
- Deferred Taxation | (50) | (208) |
| | 1,519 | 554 |
Deferred Taxation Asset/(Liability):
| | | |
| Opening Balance | 208 | - |
| Recognition of Opening Deferred Taxation Asset | - | 358 |
| Prior Period Over Provision | (87) | - |
| Movement in Current Year | 50 | (150) |
| Closing Balance | 171 | 208 |
- Equity
| 31 March 2002 | 31 March 2001 | 31 March 2002 | 31 March 2001 | |
|---|---|---|---|---|
| Shares 000 | Shares 000 | $000 | $000 |
Issued Capital – Fully Paid
Ordinary Shares:
- Opening Balance | 28,823 | 28,976 | 7,206 | 7,244 |
- Ordinary Shares Redeemed | (22) | (153) | (5) | (38) |
| Closing Balance of Ordinary Shares at 25c Per Share | 28,801 | 28,823 | 7,201 | 7,206 |
Rights of Shares on Issue
Ordinary Shares:
The Nominal Value of Ordinary shares is 25c each. These shares rank pari passu on return of capital upon liquidation. The return on shares is calculated on a per share basis.
The shares are not tradeable. Ordinary shares have one vote for each share held, but a holder will not be able to exercise more than 10% of the total votes cast at a meeting of the Company.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 101
Gazette.govt.nz —
NZ Gazette 2002, No 101
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Otago Power Limited Financial Statements
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