New Zealand Gazette – 2005 – No. 5

Page 120

✨ Financial Statements Notes



120

NEW ZEALAND GAZETTE, No. 5

14 JANUARY 2005

NOTES TO THE FINANCIAL STATEMENTS

Note 1 : Taxation

Net profit before tax 13,029 11,457
Permanent difference 9,734 8,843

                                       22,763     20,300

Tax at 33 cents in the dollar 7,512 6,699

Income tax charge 7,512 6,699

Income tax charge comprises:
Current taxation 1,538 1,703
Deferred taxation 5,974 4,996

                                       7,512      6,699

Note 2 : Shareholders Funds

Issued capital 2,000 2,000
Balance at beginning of year 7,750 -
Transferred During Year

Balance at end of year 9,750 2,000

Reserves

Asset revaluation reserve 111,716 111,775
Balance at beginning of year (256) (59)
Transferred to retained earnings on disposal of assets

Balance at end of year 111,460 111,716

Retained Earnings

Balance at beginning of year (7,402) (3,078)
Net surplus for year 5,517 4,758
Dividend distributions (3,796) (9,082)
Transfer from Asset Revaluation Reserve 256 -

                                      (5,425)    (7,402)

Total Shareholders Funds 115,785 106,314



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 5


Gazette.govt.nz — PDF NZ Gazette 2005, No 5




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