New Zealand Gazette – 2003 – No. 100

Page 2639

✨ Financial Statements



13 AUGUST

NEW ZEALAND GAZETTE

2639

5. Taxation

2003 2002
$ $
Surplus (Deficit) Before Taxation 520,813 1,168,486

Income tax expense at 33 cents in the dollar | 171,868 | 385,600 |

Plus (Less) the Effect of:

  • Realised capital gains | (0) | (0) |
  • Non-assessable receipts | (49,349) | (81,455) |
  • Non-deductible expenses | 714,086 | 465,415 |
  • Unrecognised timing differences | 0 | 0 |

| | 836,605 | 769,560 |

Taxation Charge is Represented by:

  • Income Tax Liability (Benefit) in respect of the current year | 505,000 | 467,480 |
  • Deferred Taxation | 331,605 | 302,080 |

| | 836,605 | 769,560 |

6. Movement in Deferred Tax Account

2003 2002
$ $
Opening Balance 2,538,144 2,236,064
Movement in Deferred Tax 331,605 302,080
Future Income Tax Benefit 0 0
Deferred Tax on Revalued Assets 0 0

| Closing Balance | 2,869,749 | 2,538,144 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 100


Gazette.govt.nz — PDF NZ Gazette 2003, No 100




✨ LLM interpretation of page content

🏭 Financial Statements for Network Waitaki Limited's Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Taxation, Income Tax, Financial Statements, Deferred Tax