✨ Financial Statements
Network Tasman Limited
Line Business Financial Statements
Notes to and forming part of the financial statements
For the year ended 31 March 2004
| | 2004
$000 | 2003
$000 |
|----------------|-------------|-------------|
| 4. Income tax |
| Operating surplus before income tax | 8,036 | 8,517 |
| Permanent differences: |
| Non-taxable customer contributions | (2,078) | (2,279) |
| Depreciation | 887 | 1,113 |
| Other permanent differences | 76 | 15 |
| | (1,115) | (1,151) |
| Taxable income | 7,821 | 7,366 |
| Tax expense @ 33% | 2,581 | 2,431 |
| Income tax (over) under provided in prior year | 0 | 0 |
| Income tax expense recognised in statement of financial performance | 2,581 | 2,431 |
| Comprising: |
| Current period tax assessment | 2,543 | 2,413 |
| Deferred income tax liability | 38 | 18 |
| | 2,581 | 2,431 |
| 5. Dividends |
| Dividends during the year: |
| Dividends paid | 1,843 | 1,598 |
| Total dividends paid | 1,843 | 1,598 |
| 6. Equity |
| Ordinary shares fully paid | 14,280 | 14,280 |
| Property, plant & equipment revaluation reserve | 84,874 | 47,158 |
| Share premium reserve | 1,938 | 1,938 |
| Retained earnings | 30,169 | 25,571 |
| Total equity | 131,261 | 88,947 |
| 7. Retained earnings |
| Retained earnings at beginning of year | 25,571 | 21,083 |
| Operating surplus | 8,355 | 6,086 |
| Total available for appropriation | 31,926 | 27,169 |
| Dividends paid | (1,843) | (1,598) |
| Transfer of land & buildings from "Other" business | 86 | 0 |
| Retained earnings at end of year | 30,169 | 25,571 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 165
Gazette.govt.nz —
NZ Gazette 2004, No 165
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Network Tasman Limited Line Business Financial Statements
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💰 Finance & Revenue1 December 2004
Financial Statements, Income Tax, Dividends, Equity, Retained Earnings