✨ Financial Statements
NEW ZEALAND GAZETTE
No. 99
MAINPOWER NEW ZEALAND LTD
Lines Business
Notes to and Forming Part of the Financial Statements
For The Year Ended 31 March 2002
1b Operating Expenditure (continued)
| 2002 | 2001 | |
|---|---|---|
| $000 | $000 | |
| Auditors Fees | ||
| Principal Auditors | 16 | 28 |
| Other Auditors | - | - |
| Other Audit Services | 2 | 12 |
| Total Auditors Fees | 18 | 40 |
| Cost of Credit | | |
| Bad Debts Written Off | 6 | (8) |
| Doubtful Debts | - | - |
| Total Cost of Credit | 6 | (8) |
| Rates | 25 | 21 |
| AC Loss – Rental Rebates | - | - |
| Rebates to Consumers Due to Ownership Interest | 5,913 | 6,032 |
| Subvention Payments | - | - |
| Unusual Expenses | - | - |
| Other Expenditure | 6 | 56 |
| Total Operating Expenditure | 20,004| 19,629|
| Operating Surplus Before Interest and Income Tax | 3,774 | 2,664 |
| Interest Expense | | |
| Borrowings | - | 1 |
| Finance Leases | - | - |
| Other | - | - |
| Total Interest Expense | - | 1 |
| Operating Surplus Before Income Tax | 3,774 | 2,663 |
| Income Tax | 838 | 964 |
| Net Surplus After Taxation | 2,936 | 1,699 |
1c Taxation
| Operating Surplus Before Taxation | 3,774 | 2,663 |
| Prime Facie Taxation @ 33 cents | 1,245 | 879 |
| Movement in Income Tax Due to: |
| Permanent Differences | (690) | 321 |
| Taxation Relating to Previous Periods | - | - |
| Timing Differences Not Recognised | 283 | (236) |
| Deferred Tax Adjustment | - | - |
| Total Taxation Expense per Statement of Financial Performance | 838 | 964 |
The Taxation Charge is Represented by:
| Current Taxation | 838 | 964 |
| Deferred Taxation | - | - |
| Total Taxation Expense per Statement of Financial Performance | 838 | 964 |
2. Share Capital
| Issued and Fully Paid Capital |
| Ordinary Shares | 23,406| 23,406|
| Redeemable Preference Shares | 5 | 5 |
| Total Issued Capital | 23,411| 23,411|
| Share Capital Movements |
| Opening Balance | 23,411| 23,411|
| Total Issued Capital | 23,411| 23,411|
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 99
Gazette.govt.nz —
NZ Gazette 2002, No 99
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Mainpower New Zealand Limited Financial Statements
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