New Zealand Gazette – 2006 – No. 145

Page 4167

✨ Financial Statements



21 NOVEMBER 2006

NEW ZEALAND GAZETTE, No. 145

4167

WESTPOWER LIMITED - LINES BUSINESS

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2006

Note 1. Revenue 2006 $000's 2005 $000's
Line Charges 12,643 12,263
Special Discount on Line Charges (981) 0
Interest 43 53
AC loss-rental rebates 321 174
Sundry Income 2,104 1,239
14,130 13,729

Note 2. Expenses

Audit fees for Companies financial statements 38 40
Other services provided by Auditors 51 58
Directors’ Fees 2,117 1,953
Depreciation 612 257
Loan Interest
Bad debts written off
Increase (decrease) in estimated doubtful debts 323 552
Loss (Profit) on Sale of Fixed Assets
Write Down in Valuation of Buildings and Land

Note 3. Taxation

Net Surplus before taxation 4,197 4,195
Prima facie taxation at 33% 1,385 1,384
Plus Tax effect of permanent differences
Imputation Credits (5) (6)
Taxation adjustment previous year 0 105
Tax effect of Permanent Differences and Timing differences not Recognised (453) (260)

Total Taxation Expense 927 1,223

The Taxation charge comprises

  • current taxation 927 1,118
  • prior period adjustments 0 105
    927 1,223

The company has not recognised a deferred taxation liability of $8,700,000 (2005 $7,749,000)



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 145


Gazette.govt.nz — PDF NZ Gazette 2006, No 145




✨ LLM interpretation of page content

💰 Westpower Limited Statement of Cash Flows (continued from previous page)

💰 Finance & Revenue
Cash Flows, Operating Activities, Investing Activities, Financing Activities, Westpower Limited