New Zealand Gazette – 2008 – No. 20

Page 435

✨ Financial Statements



12 FEBRUARY 2008

NEW ZEALAND GAZETTE, No. 20

435

Network Tasman Limited

Line Business Financial Statements

Notes to and forming part of the financial statements

For the year ended 31 March 2007

2007
$'000
2006
$'000

4. Income tax

Operating surplus before income tax

7,275
6,996

Prima facie taxation at 33%

2,401
2,309

Plus / (less) Taxation effect of permanent differences

Non-taxable customer contributions (654)
(542)
Depreciation 555
607
Other permanent differences 22
13
(77)
78

Tax expense @ 33%

2,324
2,387

Income tax (over) under provided in prior year

0
0

Income tax expense recognised in statement of financial performance

2,324
2,387

Comprising:
Current period tax assessment

2,290
2,408

Deferred income tax liability

34
(21)
2,324
2,387

5. Dividends

Dividends during the year:
Dividends paid:

2,429
2,000

Total dividends paid

2,429
2,000

6. Equity

Ordinary shares fully paid

14,280
14,280

Property, plant & equipment revaluation reserve

102,383
84,874

Share premium reserve

1,938
1,938

Retained earnings

39,014
36,492

Total equity

157,615
137,584

7. Retained earnings

Retained earnings at beginning of year

36,492
33,883

Operating surplus

4,851
4,609

Total available for appropriation

41,343
38,492

Dividends paid

(2,429)
(2,000)

Transfer of property, plant & equipment from/to "Other" business

5
0

Retained earnings at end of year

39,014
36,492


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 20


Gazette.govt.nz — PDF NZ Gazette 2008, No 20




✨ LLM interpretation of page content

🏭 Line Business Financial Statements for Network Tasman Limited (continued from previous page)

🏭 Trade, Customs & Industry
21 January 2008
Financial Statements, Income Tax, Dividends, Equity, Retained Earnings, Network Tasman Limited