β¨ Financial Statements
27 NOVEMBER NEW ZEALAND GAZETTE 4255
- Income Tax
| | $ Thousands |
|--------------------------------|-------------|-------------|
| | 2002 | 2001 |
The Income Tax Expense has been calculated as follows:
| Surplus before Taxation | 19,637 | 27,438 |
| Income Tax at 33% | 6,481 | 9,054 |
Adjusted for:
| Permanent Differences | 1 | (2,182) |
| Prior Period Adjustments | - | 17 |
| 6,482 | 6,889 |
- Fixed Assets
| $Thousands | |
|---|---|
| 2002 | |
| ------------- | |
| Cost/ | |
| Valuation | |
| Pipeline Compressors & Gate Stations | 122,548 | 6,929 | 115,619 | 3,924 |
| Plant, Equipment & Motor Vehicles | 4,445 | 2,999 | 1,446 | 355 |
| Identifiable Intangible | - | - | - | - |
| Work in Progress | - | - | - | - |
| Freehold Land & Buildings | 71 | 10 | 61 | 1 |
| |-------------|-------------|-------------|-------------|
| | 127,064 | 9,938 | 117,126 | 4,280 |
| $Thousands | |
|---|---|
| 2001 | |
| ------------- | |
| Cost/ | |
| Valuation | |
| Pipeline Compressors & Gate Stations | 165,438 | 5,441 | 159,997 | 5,205 |
| Plant, Equipment & Motor Vehicles | 6,537 | 4,540 | 1,997 | 569 |
| Identifiable Intangible | 53,315 | 2,987 | 50,328 | 1,403 |
| Work in Progress | 346 | - | 346 | - |
| Freehold Land & Buildings | 1,151 | 9 | 1,142 | 2 |
| |-------------|-------------|-------------|-------------|
| | 226,787 | 12,977 | 213,810 | 7,179 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 170
Gazette.govt.nz —
NZ Gazette 2002, No 170
β¨ LLM interpretation of page content
π
Notes to the Financial Statements for NGC β Gas Distribution Activities
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Gas Distribution, Accounting Policies, NGC, AGL NZ Energy Limited