New Zealand Gazette – 2003 – No. 3

Page 94

✨ Financial Statements Notes



94

NEW ZEALAND GAZETTE

No. 3

NOTES TO THE FINANCIAL STATEMENTS

Note 1 : Taxation

Net profit before tax 11,093 9,418
Permanent difference 8,013 3,360
19,106 12,778
Tax at 33 cents in the dollar 6,305 4,217
Income tax charge 6,305 4,217
Income tax charge comprises:
Current taxation 1,316 437
Deferred taxation 4,989 3,780
6,305 4,217

Note 2 : Shareholders Funds

Issued and paid up capital
2,000,000 ordinary shares 2,000 2,000

Reserves
Asset revaluation reserve 72,708 67,975
Balance at beginning of year 42,301 -
Revaluation (3,234) 4,733
Balance at end of year 111,775 72,708

Retained Earnings
Balance at beginning of year (200) 599
Net surplus for year 4,788 5,201
Dividend distributions (7,666) (6,000)
(3,078) (200)

Total Shareholders Funds 110,697 74,508

Note 3 : Fixed Assets

2001 Book AS AT 31 MARCH 2002
Value Cost or Accumulated Book
$000 Revaluation Depreciation Value
$000 $000 $000

192,843 Network 231,649 6,999 224,650
203 Plant 1,713 110 1,603
578 Load Control Equipment
629 56 573
193,624 Subtotal 233,991 7,165 226,826
2,829 Buildings 9,955 75 9,880
935 Land 2,734 - 2,734
15 Motor Vehicles
0 0 0
197,403 Subtotal 246,680 7,240 239,440
6 Furniture 0 0 0
1,460 Capital Work in Progress
2,943 - 2,943
198,869 249,623 7,240 242,383



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 3


Gazette.govt.nz — PDF NZ Gazette 2003, No 3




✨ LLM interpretation of page content

💰 Financial Statements and Equity Movements (continued from previous page)

💰 Finance & Revenue
10 January 2003
Dividends, Asset Allocation, Current Assets, Fixed Assets, Capital Expenditure, Revenue Expenditure, Depreciation, Taxation, GST, Financial Instruments, Accounting Policies