New Zealand Gazette – 2003 – No. 54

Page 1410

✨ Financial Statements



1410 NEW ZEALAND GAZETTE No. 54

2.3 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

(cont’d)

2002 2001
($000) ($000)

4 Taxation

Current period taxation charge

Operating profit/(loss) before taxation | 6,069 | (4,489)

Taxation at 33% | 2,003 | (1,481)
Permanent differences | (217) | (65)
| 1,786 | (1,546)

The taxation charge is comprised of:

Tax on non-recurring items | 2,319 | -
Tax on other items | (533) | (1,546)
| 1,786 | (1,546)

The taxation charge is represented by:

Current taxation | 6,966 | (12,119)
Deferred taxation | (5,180) | 10,573
| 1,786 | (1,546)

Deferred tax asset reconciliation

Opening balance | (23,068) | (10,949)
Current year tax charge movement | 6,966 | (12,119)
Closing balance | (16,102) | (23,068)

Deferred tax liability reconciliation

Opening balance | 21,408 | 10,835
Current year tax charge movement | (5,180) | 10,573
Closing balance | 16,228 | 21,408

Net tax liability/(asset) | 126 | (1,660)

5 Share capital

6 Reserves

Retained earnings

Opening balance | (3,175) | (232)
Transferred from statement of financial performance | 4,281 | (2,943)
Closing balance | 1,106 | (3,175)



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 54


Gazette.govt.nz — PDF NZ Gazette 2003, No 54




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🏭 UnitedNetworks Limited Gas Information Disclosure (continued from previous page)

🏭 Trade, Customs & Industry
14 May 2003
Financial Statements, Revenue, Surplus, EBIT, Asset Sale, Professional Fees, Interest, Depreciation, Directors’ Fees, Donations, Bad Debts, Lease, Amortisation, Goodwill, Intangibles, Taxation, Share Capital, Reserves