New Zealand Gazette – 2002 – No. 106

Page 2871

✨ Financial Statements



19 AUGUST

NEW ZEALAND GAZETTE

2871

  1. Annual Valuation Reconciliation Report
2002 2001*
$ $
System Fixed Assets at ODV (start of period) 39,768,266 40,230,942
Adjustment following Commerce Commission Comprehensive Audit Process (under Commerce Act 1986) (1,559,982) 0
Restated System Fixed Assets at ODV (start of period) 38,208,284 40,230,942
Add System Fixed Assets acquired during the period at ODV 1,805,180 1,641,942
Less System Fixed Assets disposed of during the period at ODV (251,647) (108,277)
Less depreciation on System Fixed Assets at ODV (1,394,886) (1,478,450)
Add revaluations of System Fixed Assets 0 (517,891)
Gives System Fixed Assets at ODV (end of period) 38,366,931 39,768,266

*Comparative figures have been restated to include Land and Buildings System Fixed Assets ($560,650).

  1. Taxation
2002 2001
$ $
Surplus (Deficit) Before Taxation 1,168,486 1,901,464
Income tax expense at 33 cents in the dollar 385,600 627,483

Plus (Less) the Effect of:
| Realised capital gains | 0 | 0 |
| Non-assessable receipts | (81,455) | (51,374) |
| Non-deductible expenses | 485,415 | 487,888 |
| Unrecognised timing differences | 0 | 0 |

| | 769,560 | 1,063,997 |

Taxation Charge is Represented by:
| Income Tax Liability (Benefit) in respect of the current year | 467,480 | 767,379 |
| Deferred Taxation | 302,080 | 296,618 |
| | 769,560| 1,063,997|

  1. Movement in Deferred Tax Account
2002 2001
$ $
Opening Balance 2,236,064 2,356,010
Movement in Deferred Tax 302,080 296,618
Future Income Tax Benefit 0 0
Deferred Tax on Revalued Assets 0 (416,564)

| Closing Balance | 2,538,144 | 2,236,064 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 106


Gazette.govt.nz — PDF NZ Gazette 2002, No 106




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Statements, Annual Valuation Reconciliation, Taxation, Deferred Tax, System Fixed Assets, Depreciation, Revaluations

🏭 Annual Valuation Reconciliation Report

🏭 Trade, Customs & Industry
Annual Valuation, System Fixed Assets, ODV, Depreciation, Revaluations, Commerce Commission, Audit

💰 Taxation Report

💰 Finance & Revenue
Taxation, Income Tax, Capital Gains, Non-assessable Receipts, Non-deductible Expenses, Deferred Taxation

💰 Movement in Deferred Tax Account

💰 Finance & Revenue
Deferred Tax, Future Income Tax Benefit, Revalued Assets, Tax Account Movement