New Zealand Gazette – 2005 – No. 140

Page 3390

✨ Financial Statements Notes



NOTES TO THE FINANCIAL STATEMENTS

Note 1 : Taxation

| | 2005 $
000 | 2004 $
000 |
|----------------|---------------|---------------|
| Net profit before tax | 16,596 | 13,029 |
| Permanent difference | 8,059 | 9,734 |
| | 24,655 | 22,763 |
| Tax at 33 cents in the dollar | 8,136 | 7,512 |
| Income tax charge | 8,136 | 7,512 |

Income tax charge comprises:

| | 2005 $
000 | 2004 $
000 |
|----------------|---------------|---------------|
| Current taxation | 2,336 | 1,538 |
| Deferred taxation | 5,800 | 5,974 |
| | 8,136 | 7,512 |

Note 2 : Shareholders Funds

Issued capital

| | 2005 $
000 | 2004 $
000 |
|------------------------|---------------|---------------|
| Balance at beginning of year | 9,750 | 2,000 |
| Transferred During Year | - | 7,750 |
| Balance at end of year | 9,750 | 9,750 |

Reserves

Asset revaluation reserve

| | 2005 $
000 | 2004 $
000 |
|------------------------|---------------|---------------|
| Balance at beginning of year | 111,460 | 111,716 |
| Transferred to retained earnings on disposal of assets | (453) | (256) |
| Balance at end of year | 111,007 | 111,460 |

Retained Earnings

| | 2005 $
000 | 2004 $
000 |
|------------------------------|---------------|---------------|
| Balance at beginning of year | (5,425) | (7,402) |
| Net surplus for year | 8,460 | 5,517 |
| Dividend distributions | (7,306) | (3,796) |
| Transfer from Asset Revaluation Reserve | 453 | 256 |
| | (3,818) | (5,425) |

Total Shareholders Funds

| | 2005 $
000 | 2004 $
000 |
|------------------------|---------------|---------------|
| | 116,939 | 115,785 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 140


Gazette.govt.nz — PDF NZ Gazette 2005, No 140




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🏭 Aurora Energy Limited Financial Statements (continued from previous page)

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Financial Statements, Accounting Policies, Dividends, Asset Allocation, Depreciation, Taxation