New Zealand Gazette – 2006 – No. 133

Page 3864

✨ Financial Statements



3864 NEW ZEALAND GAZETTE, No. 133 10 NOVEMBER 2006

4. Taxation

Surplus (Deficit) Before Taxation 2,101,574 1,084,547

Income tax expense @ 33% 693,519 357,601

Plus (Less) the effect of
Non-assessable receipts (509,260) (287,300)
Non-deductible expenses 813,344 670,687

Taxation Expenses 997,603 741,288

Taxation Charge is Represented by:

Income tax liability in respect of the current year 544,965 345,969
Deferred taxation 452,638 395,319

                997,603 741,288

5. Movement in Deferred Tax Account

Opening balance 4,031,760 3,636,441
Movement in deferred tax 452,638 395,319
Closing balance 4,484,398 4,031,760

6. Reconciliation of Net Surplus after Taxation with Net Cash Flow from Operating Activity

Surplus after Taxation 1,103,971 343,259

Add Non-cash items
Depreciation 2,658,629 2,031,408
Deferred tax 452,638 395,319

                3,111,267   2,426,725

Add (Less) Movement in Working Capital Items
Accounts receivable (484,607) 86,068
Inventories 131,709 30,710
GST (14,167) (123,097)
Tax asset 49,721 9,862
Other current assets 0 0
Payable and accruals 1,214,119 560,635
Other current liabilities 0 0

                896,775 564,178

Net Cash Flows From Operating Activity 5,112,013 3,334,162



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 133


Gazette.govt.nz — PDF NZ Gazette 2006, No 133




✨ LLM interpretation of page content

🏭 Network Waitaki Limited Financial Statements Disclosure (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Cash Flows, Network Waitaki Limited, Taxation, Deferred Tax, Reconciliation