✨ Financial Statements
5066
NEW ZEALAND GAZETTE, No. 200
30 NOVEMBER 2005
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS continued
FOR THE YEAR ENDED 30 JUNE 2005
- TAXATION
Operating surplus before tax
Prima facie tax at 33%
Tax effect of:
-
Timing differences not recognised
-
current period excluding revaluation adjustment
-
current period revaluation adjustment
-
-
Permanent differences
Income tax charge in respect of
the current year
Under / (over) provision in prior years
Tax expense
The income tax charge is represented by:
Tax payable in the current year
Deferred tax
Deferred tax asset
Balance at the beginning of the year
Increase in deferred tax asset
Balance at the end of the year
Deferred tax liability memorandum account
Balance at the beginning of the year
Increase (reduction) in deferred tax liability
Balance at the end of the year
These timing differences predominantly relate to depreciation and are not recognised
in the financial statements.
Imputation credit memorandum account
Balance at the beginning of the year
Tax payments made
Imputation credits attached to dividends
paid to shareholders
Balance at the end of the year
LINES BUSINESS LINES BUSINESS
2005 2004
$000 $000
134,749 88,739
44,467 29,284
(3,078) (5,154)
-
1,807 -
(440)
41,389 25,497
2,601 1,933
43,990 27,430
42,652 26,897
1,338 533
43,990 27,430
1,338 1,871
(1,338) (533)
-
1,338
151,394 148,047
3,078 3,347
154,472 151,394
78,635 54,419
52,990 32,354
(18,680) (8,138)
112,945 78,635
- CURRENT ASSETS
Cash and bank
Short term investments
Trade receivables
Provision for current tax
Deferred tax
Other receivables
Stocks of materials
Prepayments
Total current assets
Reconciliation of provision for current tax:
Balance at the beginning of the year
Tax payable in the current year (refer Note 6)
Provisional tax (payments) refunds made during the year
Balance at the end of the year
LINES BUSINESS LINES BUSINESS
2005 2004
$000 $000
1,084 722
-
10
52,341 59,012
7,465 441
-
1,338
1,181 2,832
6,838 10,870
2,431 2,357
71,340 77,582
(441) (8,518)
42,652 26,897
(49,676) (18,820)
(7,465) (441)
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 200
Gazette.govt.nz —
NZ Gazette 2005, No 200
✨ LLM interpretation of page content
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Notes to the Financial Statements for Transpower New Zealand Limited Lines Business
(continued from previous page)
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