New Zealand Gazette – 2002 – No. 117

Page 3141

✨ Financial Statements



23 AUGUST NEW ZEALAND GAZETTE 3141

Notes to the financial statements (continued)

For the year ended 31 March 2002

| | 2002
$'000 | 2001
$'000 |
|-------------------|------------------|------------------|
| 5) Taxation | | |
| Profit before taxation | 4,168 | 5,554 |
| Prima facie taxation at 33 % | 1,375 | 1,833 |
| Add (subtract) tax effect of permanent differences | (432) | (242) |
| Income tax expense | 1,807 | 1,591 |

Income Tax expense is made up of

| Current Taxation | 1,805 | 1,589 |
| Deferred Taxation | 2 | 2 |
| | 1,807 | 1,591 |

6) Deferred Taxation

2002 2001
Balance at beginning of year 155 157
Recognised in the statement of financial performance (2) (2)
Balance at end of year 153 155

7) Imputation credits

2002 2001
Balance at beginning of year 3,433 1,911
Taxation paid 1,597 2,208
Imputation credits attached to dividends paid - (686)
Balance at end of year 5,030 3,433

8) Paid in share capital

2002 2001
Balance at beginning of year 12,539 12,539
Shares repurchased (6,966) -
5,573 12,539

9) Asset revaluation reserve

2002 2001
Balance at beginning of year 174 527
Revaluation current year
Land and Buildings (17) (344)
Network Assets 18,116 -
18,273 174


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 117


Gazette.govt.nz — PDF NZ Gazette 2002, No 117




✨ LLM interpretation of page content

🏭 Notes to the financial statements for Eastland Network Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Taxation, Deferred Taxation, Imputation Credits, Share Capital, Asset Revaluation