New Zealand Gazette – 2005 – No. 132

Page 3211

✨ Financial Statements



19 AUGUST 2005 NEW ZEALAND GAZETTE, No. 132 3211

| 2005 $000's 2004 $000's |
|-----------------------------------|-------------------|-------------------|
Cost of offering credit: | |

  • bad debts written off | 37 | 28 |
  • increase in estimated doubtful debts | - | 85 |
    Total | 37 | 113 |

Local authority rates expense | 2,001 | 1,859 |
Rebates to consumers due to ownership interest | - | - |
Subvention payments | 10,867 | - |
Unusual expenses | - | - |
Other expenditure not listed | 205 | 239 |
Total operating expenditure | 106,963 | 92,976 |

Operating surplus before interest and income tax | 47,778 | 59,298 |

Interest expense

  • interest expense on borrowings | 2,585 | 279 |
  • financing charges related to finance leases | - | - |
  • other interest expense | - | - |
    Total | 2,585 | 279 |

Operating surplus before income tax | 45,193 | 59,019 |

  1. Taxation

The taxation provisions are subject to Inland Revenue Department assessment.

Surplus before taxation | 45,193 | 59,019 |

Prima facie taxation at 33% | 14,914 | 19,476 |

Taxation effect of:

Deferred tax adjustment | 495 | (50) |
Permanent differences | 4,820 | 3,966 |
Under/(over) provisions in prior years | 466 | 174 |

Taxation as per statement of financial performance | 20,695 | 23,566 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 132


Gazette.govt.nz — PDF NZ Gazette 2005, No 132




✨ LLM interpretation of page content

🏭 Operating revenues and expenditure summary (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Operating revenues, Operating expenditure, Ancillary services, AC rental rebates, Line revenue, Transmission charges, Loss rental rebates, Employee salaries, Wages, Redundancies, Consumer billing, Information system expense, Depreciation, Buildings, Distribution system, Amortisation, Goodwill, Intangibles, Corporate administration, Human resource expenses, Leasing, Rental, Asset disposal, Marketing, Advertising, Merger, Acquisition, Research, Development, Consultancy, Legal expenses, Donations, Directors fees, Auditors fees