New Zealand Gazette – 2005 – No. 25

Page 602

✨ Financial Statements



WESTPOWER LIMITED - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2004

| | 2004
| | $000's |
|------------------|--------|
| Note 1. Revenue | |
| Line Charges | 11,762 |
| Special Discount on Line Charges | - |
| Interest | 46 |
| AC loss-rental rebates | 272 |
| Sundry Income | 526 |
| | 12,606 |

| | 2003
| | $000's |
|------------------|--------|
| Line Charges | 11,902 |
| Special Discount on Line Charges | (55) |
| Interest | 55 |
| AC loss-rental rebates | 280 |
| Sundry Income | 635 |
| | 14,872 |

| | 2004
| | $000's |
|------------------|--------|
| Note 2. Expenses | |
| Audit fees for Companies financial statements | 34 |
| Other services provided by Auditors | 5 |
| Directors' Fees | 52 |
| Depreciation | 1,714 |
| Loan Interest | 251 |
| Bad debts written off | - |
| Increase (decrease) in estimated doubtful debts | (17) |
| Loss (Profit) on Sale of Fixed Assets | 201 |
| Write Down in Valuation of Buildings and Land | - |

| | 2003
| | $000's |
|------------------|--------|
| Audit fees for Companies financial statements | 24 |
| Other services provided by Auditors | 5 |
| Directors' Fees | 37 |
| Depreciation | 1,617 |
| Loan Interest | 451 |
| Bad debts written off | - |
| Increase (decrease) in estimated doubtful debts | - |
| Loss (Profit) on Sale of Fixed Assets | 312 |
| Write Down in Valuation of Buildings and Land | - |

| | 2004
| | $000's |
|------------------|--------|
| Note 3. Taxation | |
| Net Surplus before taxation | 3,649 |
| Prima facie taxation at 33% | 1,204 |
| Plus Tax effect of permanent differences | -
| Imputation Credits | (3) |
| Taxation adjustment previous year | 130 |
| Tax effect of Permanent Differences and Timing differences not Recognised | (322) |
| Total Taxation Expense | 1,009 |

| | 2003
| | $000's |
|------------------|--------|
| Net Surplus before taxation | 6,487 |
| Prima facie taxation at 33% | 2,141 |
| Plus Tax effect of permanent differences | -
| Imputation Credits | (1) |
| Taxation adjustment previous year | - |
| Tax effect of Permanent Differences and Timing differences not Recognised | (924) |
| Total Taxation Expense | 1,216 |

The Taxation charge comprises

  • current taxation | 879 |
  • prior period adjustments | 130 |

| | 2003 |
| | $000's |
| current taxation | 1,216 |
| prior period adjustments | 0 |

The group has not recognised a deferred taxation liability of $7,221,000 (2003 $6,942,968)



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 25


Gazette.govt.nz — PDF NZ Gazette 2005, No 25




✨ LLM interpretation of page content

🏭 Westpower Limited Financial Statements Notes (continued from previous page)

🏭 Trade, Customs & Industry
Revenue, Expenses, Taxation, Audit fees, Directors' Fees, Depreciation, Loan Interest, Bad debts, Fixed Assets, Taxation Expense