New Zealand Gazette – 2006 – No. 154

Page 4472

✨ Financial Statements Notes



4472

NEW ZEALAND GAZETTE, No. 154

28 NOVEMBER 2006

NGC Gas Retailing Activities

Notes to the Financial Statements

For the Year Ended 30 June 2006

For the purposes of the Gas (Information Disclosure) Regulations 1997

  1. Expenses
$Thousands
2006 2005
Depreciation 48 47
Audit Fees 28 28
Operating Leasing Costs 29 28
Bad Debts Written Off - 4
Movement in Provision for Doubtful Debts 375 (146)
  1. Income Tax
$Thousands
2006 2005
a) The Income Tax Expense has been calculated as follows:
Surplus before Taxation 61,962 35,799
Income Tax at 33% 20,448 11,814
Adjustments to Taxation for Non-deductible Items:
    Income Tax Over Provided in Previous Periods 1 666
    Other Non-Deductible Items 4 3
Taxation Expense in Statement of Financial Performance 20,453 12,483
Income Tax Expense is Represented by:
    Tax Payable in Respect of the Current Year 20,798 10,756
    Deferred Taxation (Refer Note 2b) (345) 1,727
20,453 12,483


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 154


Gazette.govt.nz — PDF NZ Gazette 2006, No 154




✨ LLM interpretation of page content

💰 Certification of NGC Gas Retailing Financial Statements (continued from previous page)

💰 Finance & Revenue
9 November 2006
Financial Statements, Gas Retailing, Audit Certification, NGC Holdings Limited, Revenue, Expenses, Income Tax, Depreciation, Leased Assets, Taxation, Accounting Policies