New Zealand Gazette – 2006 – No. 154

Page 4483

✨ Financial Statements



28 NOVEMBER 2006

NEW ZEALAND GAZETTE, No. 154

4483

NGC Gas Wholesaling 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

Audit Fees 10 10

  1. Income Tax

$Thousands

2006 2005

a) The Income Tax Expense has been calculated as follows:

(Deficit)/Surplus before Taxation (5,492) 3,978

Income Tax at 33% (1,812) 1,313

Adjustments to Taxation for Non-deductible Items:

Income Tax Over Provided in Previous Periods    (162)    1

Other Non-Deductible Items    163    163

Taxation (Benefit)/Expense in Statement of Financial Performance (1,811) 1,477

Income Tax Expense is represented by:

Tax Payable in Respect of the Current Year    1,263    2,843

Deferred Taxation (Refer Note 2b)    (3,074)    (1,366)

(1,811)    1,477


Next Page →



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 Wholesaling Financial Statements (continued from previous page)

💰 Finance & Revenue
9 November 2006
Financial Statements, Gas Wholesaling, Audit, Regulation Compliance, Accounting Policies, Taxation, Comparatives