New Zealand Gazette – 2006 – No. 155

Page 4522

✨ Financial Statements



Vector Limited

Electricity Lines Business

Notes to the Financial Statements

For the year ended 31 March 2006

4. INTEREST EXPENSE

2006 2005
$000 $000
Interest expense on borrowings 125,944 111,830
Financing charges related to finance leases - -
Other interest expense - -
Total interest expense 125,944 111,830

5. INCOME TAX

Note 2006 2005
$000 $000
Operating surplus before income tax 101,922 103,934
Prima facie tax at 33% 33,634 34,298
Plus/(less) tax effect of permanent differences:
Prior period adjustment - -
Other permanent differences 14,519 15,932
Income tax expense 48,153 50,230

The income tax expense is represented by:

2006 2005
$000 $000
Current tax 29,256 26,642
Deferred tax 7 18,897
Total 48,153 50,230

6. INCOME TAX LIABILITIES

2006 2005
$000 $000
Current liability 29,256 31,958

7. DEFERRED TAX

Note 2006 2005
$000 $000
Balance at beginning of year 229,511 205,923
Prior period adjustment - -
Increase on revaluation of property, plant & equipment 19,257 -
On net surplus for the year 5 18,897 23,588
Balance at end of year 267,665 229,511


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 155


Gazette.govt.nz — PDF NZ Gazette 2006, No 155




✨ LLM interpretation of page content

🏭 Vector Limited Financial Statements for the Electricity Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
28 November 2006
Vector Limited, Financial Statements, Electricity Lines Business, Interest Expense, Income Tax, Deferred Tax, Current Liability, Tax Expense, Surplus