New Zealand Gazette – 2005 – No. 116

Page 2791

✨ Financial Statements Notes



NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

For the Year Ended 31 March 2005

Line Business 2005 $000's 2004 $000's
1. Operating Revenue
Line Charges 29,713 27,031
Loss Rental Rebate 622 1,097
Line Contributions 2,978 1,847
Interest Received 196 222
Sundry Income 39 33
Total 33,548 30,230
  1. Operating Surplus Before Tax After Charging:
  • Bad Debts Written Off | 14 | - |
  • Depreciation - System Assets | 3,538 | 3,134 |
    • Centralised Load Equipment | 93 | 108 |
    • Computer Equipment | 120 | 94 |
    • Plant and Equipment | 100 | 122 |
    • Motor Vehicles | 36 | 24 |
    • Buildings | 67 | 65 |
  • Directors' Fees | 95 | 89 |
  • Interest | - | - |
  • Rental and Operating Lease Costs | - | - |
  • Research and Development | 1 | 24 |
  • Donations | - | - |
  • (Gain) Loss on Sale of Assets| (150) | 1 |
  1. Auditors' Remuneration
  • Auditing Financial Statements | 24 | 15 |
  • Other Services | 7 | 3 |
  1. Taxation
  • Operating Surplus Before Taxation | 10,885 | 8,926 |

Prima Facie Taxation @ 33% | 3,592 | 2,946 |
Plus Tax Effect of Permanent Differences:-

  • Permanent Differences | (983) | 628 |
  • Timing differences not recognised | - | (1,004) |
  • Prior Period Adjustment | - | (38) |
  • Deferred Tax Adjustment | - | - |
    Tax on Profits for Year | $2,609 | $2,532 |

The Taxation Charge is Represented by:-

  • Current Taxation | 2,609 | 2,532 |
  • Deferred Taxation | - | - |

Imputation Credit Account:

  • Opening Balance | 7,606 | 6,880 |
  • Imputation Credits Attached to Dividends Paid | (1,730) | (1,608) |
  • Income Tax Payments During Year | 2,929 | 2,334 |
  • Closing Balance | 8,805 | 7,606 |


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 116


Gazette.govt.nz — PDF NZ Gazette 2005, No 116




✨ LLM interpretation of page content

🏭 Statement of Cash Flows for Northpower Ltd (continued from previous page)

🏭 Trade, Customs & Industry
21 July 2005
Cash Flows, Financial Statements, Northpower Ltd, Operating Activities, Investing Activities, Financing Activities