New Zealand Gazette – 2006 – No. 156

Page 4555

✨ Financial Statements Notes



29 NOVEMBER 2006

NEW ZEALAND GAZETTE, No. 156

4555

NOTES TO THE FINANCIAL STATEMENTS

Note 1 : Taxation

2006 $000 2005 $000
Net profit before tax 18,719 16,596
Permanent difference 826 8,059
19,545 24,655
Tax at 33 cents in the dollar 6,450 8,136
Under/(over) tax provision prior years (9,025) -
Income tax charge (2,575) 8,136

Income tax charge comprises:

2006 $000 2005 $000
Current taxation 2,820 2,336
Deferred taxation (5,395) 5,800
(2,575) 8,136

Note 2 : Shareholders Funds

Issued capital

2006 $000 2005 $000
Balance at beginning of year 9,750 9,750
Transferred During Year - -
Balance at end of year 9,750 9,750

Reserves

Asset revaluation reserve

2006 $000 2005 $000
Balance at beginning of year 111,007 111,460
Transferred to retained earnings on disposal of assets - (453)
Net revaluation 46,885 -
Balance at end of year 157,892 111,007

Retained Earnings

2006 $000 2005 $000
Balance at beginning of year (3,818) (5,425)
Net surplus for year 21,294 8,460
Dividend distributions (14,713) (7,306)
Transfer from Asset Revaluation Reserve - 453
2,763 (3,818)

Total Shareholders Funds

2006 $000 2005 $000
170,405 116,939


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 156


Gazette.govt.nz — PDF NZ Gazette 2006, No 156




✨ LLM interpretation of page content

🏭 Disclosure of Information Required in Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Taxation, Shareholders Funds, Asset Revaluation, Retained Earnings