✨ Financial Statements
28 NOVEMBER 2005 NEW ZEALAND GAZETTE, No. 197 4951
Vector Limited & Subsidiaries
Gas Distribution Activities
Notes to the Financial Statements
For the year ended 30 June 2005
1. SEGMENT INFORMATION
The gas distribution activities operate within the gas distribution sector. All operations are carried out within New Zealand.
2. OPERATING EXPENDITURE
| Note | 2005 $\000 | 2004 $\000 |
|---|---|---|
| Operating expenditure includes: | ||
| Bad debts written-off | - | 2 |
| (Decrease)/increase in provision for doubtful debts | (5) | 8 |
| Rental and operating lease costs | 507 | 93 |
| Loss on disposal of property, plant and equipment | 25 | - |
| Donations | 1 | - |
| Directors' fees | 36 | 45 |
| Auditors' remuneration | ||
| Audit fees paid to principal auditors - KPMG | 38 | 20 |
| Audit fees paid to other auditors - PwC | 30 | - |
| Depreciation | 14,413 | 8,136 |
| Amortisation of goodwill | 12 | 11,486 |
3. INCOME TAX
| Note | 2005 $\000 | 2004 $\000 |
|---|---|---|
| Operating deficit before income tax | (7,961) | (5,256) |
| Prima facie tax at 33% | (2,627) | (1,734) |
| Plus tax effect of permanent differences: | ||
| Prior period adjustment | 3,296 | 158 |
| Other permanent differences | 5,749 | 2,644 |
| Income tax expense | 6,418 | 1,068 |
The income tax expense is represented by:
| 2005 $\000 | 2004 $\000 | |
|---|---|---|
| Current tax | (3,601) | 11,879 |
| Deferred tax | 10,019 | (10,811) |
| Total | 6,418 | 1,068 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 197
Gazette.govt.nz —
NZ Gazette 2005, No 197
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