New Zealand Gazette – 2004 – No. 168

Page 4201

✨ Financial Statements



17 DECEMBER 2004 NEW ZEALAND GAZETTE, No. 168 4201

2004 $000's 2003 $000's

Cost of offering credit:

  • bad debts written off 28 41
  • increase in estimated doubtful debts 85 -

Total 113 41

Local authority rates expense 1,659 1,669
Rebates to consumers due to ownership interest - -
Subvention payments due to ownership interest - -
Unusual expenses - -
Other expenditure not listed 239 237

Total operating expenditure 92,976 85,109

Operating surplus before interest and income tax 59,298 65,542

Interest expense

  • interest expense on borrowings 279 -
  • financing charges related to finance leases - -
  • other interest expense - -

Total 279 -

Operating surplus before income tax 59,019 65,542

  1. Taxation

The taxation provisions are subject to Inland Revenue Department assessment.

Surplus before taxation 59,019 65,542
Prima facie taxation at 33% 19,476 21,629

Taxation effect of:
Deferred tax adjustment (50) 414
Permanent differences 3,966 2,848
Under/(over) provisions in prior years 174 698

Taxation as per statement of financial performance 23,566 25,589



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 168


Gazette.govt.nz — PDF NZ Gazette 2004, No 168




✨ LLM interpretation of page content

🏭 Notes to the financial statements for Orion New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Operating expenditure, Operating surplus, Interest expense, Taxation