New Zealand Gazette – 2005 – No. 10

Page 220

✨ Financial Statements



220

NEW ZEALAND GAZETTE, No. 10

17 JANUARY 2005

MAINPOWER NEW ZEALAND LTD

Lines Business

Notes to and Forming Part of the Financial Statements

For The Year Ended 31 March 2004

1b Operating Expenditure (continued)

2004 2003
$000 $000
Auditors Fees
Principal Auditors 27 20
Other Auditors – –
Other Audit Services – –
Total Auditors Fees 27 20

| Cost of Credit | | |
| Bad Debts Written Off | 15 | 2 |
| Doubtful Debts | – | – |
| Total Cost of Offering Credit | 15 | 2 |

| Local Authority Rates | 125 | 95 |
| AC Loss – Rental Rebates | – | – |
| Rebates to Consumers Due to Ownership Interest | 6,545 | 6,561 |
| Subvention Payments | – | – |
| Unusual Expenses | 371 | – |
| Other Expenditure | 126 | 41 |
| Total Operating Expenditure | 22,978 | 20,904 |

Operating Surplus Before Interest and Income Tax

2004 2003
$000 $000
Operating Surplus Before Interest and Income Tax 5,972 5,722

Interest Expense

2004 2003
$000 $000
Interest Expense on Borrowings – –
Finance Leases – –
Other – –
Total Interest Expense – –

Operating Surplus Before Income Tax

2004 2003
$000 $000
Operating Surplus Before Income Tax 5,972 5,722
Income Tax 1,181 1,321

| Net Surplus After Taxation | 4,791 | 4,401 |

1c Taxation

2004 2003
$000 $000
Operating Surplus Before Taxation 5,972 5,722
Prima Facie Taxation @ 33 cents 1,971 1,888
Movement in Income Tax Due to:
Permanent Differences (25) (769)
Taxation Relating to Previous Periods – –
Timing Differences Not Recognised (765) 202
Deferred Tax Adjustment – –

| Total Taxation Expense per Statement of Financial Performance | 1,181 | 1,321 |

The Taxation Charge is Represented by:

2004 2003
$000 $000
Current Taxation 1,181 1,321
Deferred Taxation – –

| Total Taxation Expense per Statement of Financial Performance | 1,181 | 1,321 |

  1. Share Capital
2004 2003
$000 $000
Issued and Fully Paid Capital
Ordinary Shares 23,406 23,406
Redeemable Preference Shares 5 5
Total Issued Capital 23,411 23,411

Share Capital Movements

2004 2003
$000 $000
Opening Balance 23,411 23,411
Total Issued Capital 23,411 23,411


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 10


Gazette.govt.nz — PDF NZ Gazette 2005, No 10




✨ LLM interpretation of page content

🏭 Mainpower New Zealand Ltd Statement of Cash Flows (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Cash Flows, Operating Activities, Investing Activities, Financing Activities, Mainpower