✨ Financial Statements
NEW ZEALAND GAZETTE
No. 63
Network Tasman Limited
Line Business Financial Statements
Notes to and forming part of the financial statements
For the year ended 31 March 2003
| 2003 | |
|---|---|
| $000 |
| 2002 | |
|---|---|
| $000 |
4. Income tax
Operating surplus before income tax | 8,517 | 7,970
Permanent differences:
Non-taxable customer contributions | (2,279) | (1,332)
Depreciation | 1,113 | 1,182
Other permanent differences | 15 | (237)
| (1,151) | (387)
Taxable income | 7,366 | 7,583
Tax expense @ 33% | 2,431 | 2,503
Income tax (over) under provided in prior year | 0 | 0
Income tax expense recognised in statement of financial performance | 2,431 | 2,503
Comprising:
Current period tax assessment | 2,413 | 2,550
Deferred income tax liability | 18 | (47)
| 2,431 | 2,503
5. Dividends
Dividends during the year:
Dividends paid | 1,598 | 1,497
Total dividends paid | 1,598 | 1,497
6. Equity
Ordinary shares fully paid | 14,280 | 14,280
Property, plant & equipment revaluation reserve | 47,158 | 47,158
Share premium reserve | 1,938 | 1,938
Retained earnings | 25,571 | 21,083
Total equity | 88,947 | 84,459
7. Retained earnings
Retained earnings at beginning of year | 21,083 | 18,169
Operating surplus | 6,086 | 5,467
Adjustment to property, plant & equipment from previous year | 0 | (575)
Total available for appropriation | 27,169 | 23,061
Dividends paid | (1,598) | (1,497)
Transfer of land & buildings to “Other” business | 0 | (481)
Retained earnings at end of year | 25,571 | 21,083
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 63
Gazette.govt.nz —
NZ Gazette 2003, No 63
✨ LLM interpretation of page content
🏭
Network Tasman Limited Line Business Financial Statements
(continued from previous page)
🏭 Trade, Customs & Industry30 May 2003
Financial Statements, Operating Revenue, Trading Revenue, Investment Revenue, Operating Expenses, Depreciation, Auditors' Fees, Governance Expenses