✨ Financial Statements
5 DECEMBER 2006
NEW ZEALAND GAZETTE, No. 166
4795
Network Tasman Limited
Line Business Financial Statements
Notes to and forming part of the financial statements
For the year ended 31 March 2006
| 2006 | 2005 | |
|---|---|---|
| $000 | $000 |
4. Income tax
Operating surplus before income tax | 6,996 | 8,066 |
Permanent differences:
Non-taxable customer contributions | (1,641) | (3,291) |
Depreciation | 1,840 | 1,756 |
Other permanent differences | 38 | 6 |
| 237 | (1,529)|
Taxable income | 7,233 | 6,537 |
Tax expense @ 33% | 2,387 | 2,157 |
Income tax (over) under provided in prior year | 0 | 0 |
Income tax expense recognised in statement of financial performance | 2,387 | 2,157 |
Comprising:
Current period tax assessment | 2,408 | 2,162 |
Deferred income tax liability | (21) | (5) |
| 2,387 | 2,157 |
5. Dividends
Dividends during the year:
Dividends paid | 2,000 | 1,704 |
Total dividends paid | 2,000 | 1,704 |
6. Equity
Ordinary shares fully paid | 14,280 | 14,280 |
Property, plant & equipment revaluation reserve | 84,874 | 84,874 |
Share premium reserve | 1,938 | 1,938 |
Retained earnings | 7 | 36,492 |
Total equity | 137,584| 134,975|
7. Retained earnings
Retained earnings at beginning of year | 33,883 | 30,169 |
Operating surplus | 4,692 | 5,909 |
Total available for appropriation | 38,492 | 36,078 |
Dividends paid | (2,000)| (1,704)|
Transfer of property, plant & equipment from/(to) "Other" business | 0 | (491) |
Retained earnings at end of year | 36,492 | 33,883 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 166
Gazette.govt.nz —
NZ Gazette 2006, No 166
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Network Tasman Limited Financial Statements
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🏭 Trade, Customs & Industry15 November 2006
Financial Statements, Income Tax, Dividends, Equity, Retained Earnings