✨ Financial Statements
CENTRALINES LIMITED - Lines Business
Notes to the Financial Statements
For the year ended 31 March 2006
Note 1. Income Tax
| 2006 | 2005 | |
|---|---|---|
| $000 | $000 | |
| Taxation | ||
| Operating surplus before taxation | 2,769 | 1,389 |
| Prima facie tax @ 33% | 914 | 458 |
| Permanent differences | 343 | 378 |
| Timing differences not recognised | (309) | (328) |
| Prior period adjustments | (9) | (15) |
| Taxation expense/(benefit) | 939 | 493 |
Taxation expense/(benefit) is represented by:
| 2006 | 2005 | |
|---|---|---|
| $000 | $000 | |
| Current tax | 939 | 493 |
The Company has not recognised a deferred tax liability of $3.8 million (2005 $3.4 million)
Imputation credit account
| 2006 | 2005 | |
|---|---|---|
| $000 | $000 | |
| Opening balance | 2,208 | 1,677 |
| Taxation paid | 397 | 556 |
| Taxation refund received | (731) | - |
| Imputation credits attached to dividends paid | (25) | (25) |
| Closing balance | 1,849 | 2,208 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 171
Gazette.govt.nz —
NZ Gazette 2006, No 171
✨ LLM interpretation of page content
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Centralines Limited Financial Position
(continued from previous page)
💰 Finance & RevenueFinancial Statement, Income Tax, Imputation Credit, Centralines Limited