New Zealand Gazette – 2002 – No. 115

Page 3075

✨ Financial Statements



23 AUGUST NEW ZEALAND GAZETTE 3075

2002 $000's 2001 $000's
Cost of offering credit:
- bad debts written off 26 48
- increase in estimated doubtful debts 90 -
Total 116 48

| Local authority rates expense | 1,168 | 202 |
| Rebates to consumers due to ownership interest | - | - |
| Subvention payments | - | - |
| Unusual expenses | - | - |
| Other expenditure not listed | 998 | 181 |

| Total operating expenditure | 84,946 | 91,048 |

| Operating surplus before interest and income tax | 62,635 | 62,343 |

| Interest expense | | |
| - interest expense on borrowings | - | - |
| - financing charges related to finance leases | - | - |
| - other interest expense | - | - |
| Total | - | - |

| Operating surplus before income tax | 62,635 | 62,343 |

  1. TAXATION

The taxation provisions are subject to Inland Revenue Department assessment.
Surplus before taxation 62,635 62,343
Prima facie taxation at 33% 20,670 20,573

| Taxation effect of : | | |
| Deferred tax adjustment | 211 | (516) |
| Permanent differences | 1,400 | 3,495 |
| Under/(over) provisions in prior years | (610) | (636) |

| Taxation as per Statement of Financial Performance | 21,671 | 22,916 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 115


Gazette.govt.nz — PDF NZ Gazette 2002, No 115




✨ LLM interpretation of page content

🏗️ Operating Expenditure for Orion New Zealand Limited (continued from previous page)

🏗️ Infrastructure & Public Works
23 August 2002
Operating Expenditure, Financial Statements, Credit Costs, Local Authority Rates, Taxation, Orion New Zealand Limited