New Zealand Gazette – 2005 – No. 149

Page 3647

✨ Financial Statements



31 AUGUST 2005 NEW ZEALAND GAZETTE, No. 149 3647

Notes to the financial statements (continued)

For the year ended 31 March 2005

5 Taxation

2005 $\'000 2004 $\'000
Profit before taxation 5,835 5,919
Prima facie taxation at 33 % 1,925 1,953
Add (subtract) tax effect of permanent differences 284 (337)
Income tax expense 2,209 1,616

Income Tax expense is made up of

2005 $\'000 2004 $\'000
Current Taxation 1,268 738
Deferred Taxation 941 878
2,209 1,616

6 Deferred Taxation

2005 $\'000 2004 $\'000
Balance at beginning of year (1,341) (463)
Recognised in the statement of financial performance (941) (878)
Balance at end of year (2,282) (1,341)

7 Shareholders Equity

2005 $\'000 2004 $\'000
Paid in share capital 5,573 5,573
Asset revaluation reserve 30,474 18,465
Other equity 12,070 12,919
48,117 36,957

8 Asset revaluation reserve

2005 $\'000 2004 $\'000
Balance at beginning of year 18,465 18,273
Revaluation current year
System Assets 11,992
Land and Buildings 17 192
30,474 18,465


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 149


Gazette.govt.nz — PDF NZ Gazette 2005, No 149




✨ LLM interpretation of page content

🏭 Eastland Network Limited Financial Certification (continued from previous page)

🏭 Trade, Customs & Industry
26 August 2005
Financial Statements, Taxation, Deferred Taxation, Shareholders Equity, Asset Revaluation