New Zealand Gazette – 2006 – No. 146

Page 4197

✨ Financial Disclosure



22 NOVEMBER 2006 NEW ZEALAND GAZETTE, No. 146 4197

2006 $000's 2005 $000's
Cost of offering credit:
- bad debts written off 60 37
- increase in estimated doubtful debts 12 -
Total 72 37

| Local authority rates expense | 1,653 | 2,001 |
| Rebates to consumers due to ownership interest | - | - |
| Subvention payments | 5,213 | 10,867 |
| Unusual expenses | - | - |
| Other expenditure not listed | 828 | 205 |

| Total operating expenditure | 108,167 | 106,963 |

| Operating surplus before interest and income tax | 60,487 | 47,778 |

| Interest expense | | |
| - interest expense on borrowings | 2,931 | 2,585 |
| - financing charges related to finance leases | - | - |
| - other interest expense | - | - |
| Total | 2,931 | 2,585 |

| Operating surplus before income tax | 57,556 | 45,193 |

  1. Taxation expense

The taxation provisions are subject to Inland Revenue Department assessment.

| Surplus before taxation | 57,556 | 45,193 |
| Prima facie taxation at 33% | 18,993 | 14,914 |

| Taxation effect of: | | |
| Deferred tax adjustment | 54 | 495 |
| Permanent differences | 3,978 | 4,820 |
| Under/(over) provisions in prior years | (6) | 466 |

| Taxation as per statement of financial performance | 23,019 | 20,695 |



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 146


Gazette.govt.nz — PDF NZ Gazette 2006, No 146




✨ LLM interpretation of page content

🏭 Financial Disclosure for Orion New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
7 November 2006
Operating Revenues, Financial Statements, Capital Contributions, Line Revenue, Transmission Charges, Loss-Rental Rebates, Bad Debts, Doubtful Debts, Local Authority Rates, Rebates, Subvention Payments, Operating Surplus, Interest Expense, Taxation Expense