New Zealand Gazette – 2003 – No. 120

Page 3262

✨ Financial Statements



NEW ZEALAND GAZETTE

No. 120

MAINPOWER NEW ZEALAND LTD

Lines Business

Notes to and Forming Part of the Financial Statements

For The Year Ended 31 March 2003

1b Operating Expenditure (continued)

2003 2002
$000 $000
Auditors Fees
Principal Auditors 20 16
Other Auditors - -
Other Audit Services - 2
Total Auditors Fees 20 18

| Cost of Credit | | |
| Bad Debts Written Off | 2 | 6 |
| Doubtful Debts | - | - |
| Total Cost of Credit| 2| 6|

| Rates | 95 | 25 |
| AC Loss - Rental Rebates| - | - |
| Rebates to Consumers Due to Ownership Interest | 6,561 | 5,913 |
| Subvention Payments | - | - |
| Unusual Expenses | - | - |
| Other Expenditure | 41 | 6 |
| Total Operating Expenditure | 20,904 | 20,004 |

| Operating Surplus Before Interest and Income Tax | 5,722 | 3,774 |

| Interest Expense | | |
| Borrowings | - | - |
| Finance Leases | - | - |
| Other | - | - |
| Total Interest Expense | - | - |

| Operating Surplus Before Income Tax | 5,722 | 3,774 |

| Income Tax | 1,321 | 838 |

| Net Surplus After Taxation | 4,401 | 2,936 |

1c Taxation

| Operating Surplus Before Taxation | 5,722 | 3,774 |
| Prime Facic Taxation @ 33 cents | 1,888 | 1,245 |
| Movement in Income Tax Due to |
| Permanent Differences | (769) | (690) |
| Taxation Relating to Previous Periods | - | - |
| Timing Differences Not Recognised | 202 | 283 |
| Deferred Tax Adjustment | - | - |
| Total Taxation Expense per Statement of Financial Performance | 1,321 | 838 |

The Taxation Charge is Represented by:

| Current Taxation | 1,321 | 838 |
| Deferred Taxation | - | - |

| Total Taxation Expense per Statement of Financial Performance | 1,321 | 838 |

  1. 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 — PDF NZ Gazette 2003, No 120


Gazette.govt.nz — PDF NZ Gazette 2003, No 120




✨ LLM interpretation of page content

🏭 Lines Business Statement of Cash Flows for MainPower New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Expenditure, Auditors Fees, Cost of Credit, Rates, Operating Surplus, Interest Expense, Income Tax, Net Surplus After Taxation, Taxation Charge, Share Capital