✨ Financial Statements




27 NOVEMBER NEW ZEALAND GAZETTE 4255

  1. 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
  1. 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 PDF NZ Gazette 2002, No 170


Gazette.govt.nz PDF NZ Gazette 2002, No 170





✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for NGC – Gas Distribution Activities (continued from previous page)

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Financial Statements, Gas Distribution, Accounting Policies, NGC, AGL NZ Energy Limited