New Zealand Gazette – 2005 – No. 199

Page 5017

✨ Gas Retailing Financial Statements



30 NOVEMBER 2005 NEW ZEALAND GAZETTE, No. 199 5017

NGC – Gas Retailing Activities

Notes to the Financial Statements

For the Year Ended 30 June 2005

For the purposes of the Gas (Information Disclosure) Regulations 1997

1. Expenses

$Thousands
2005
Depreciation 47
Audit Fees and Expenses
PricewaterhouseCoopers 28
Leasing Costs 28
Bad Debts Written Off 4
Movement in Provision for Doubtful Debts (146)

2. Income Tax

$Thousands
2005

a) The Income Tax Expense has been calculated as follows:

2005 2004
Surplus before Taxation 35,799 38,075
Income Tax at 33% 11,814 12,565
Adjustments to Taxation for Non-deductible Items:
Income Tax Over Provided in Previous Periods 666 -
Other Non-Deductible Items 3 301
Taxation Charge in Statement of Financial Performance 12,483 12,866

Income Tax Expense is represented by:

2005 2004
Tax Payable in Respect of the Current Year 10,756 16,958
Deferred Taxation (Refer Note 2b) 1,727 (4,092)
12,483 12,866


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 199


Gazette.govt.nz — PDF NZ Gazette 2005, No 199




✨ LLM interpretation of page content

🏭 Gas Information Disclosure by NGC New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Gas, Financial Performance, Revenue, Expenses, Surplus, Taxation, NGC New Zealand Limited