New Zealand Gazette – 2008 – No. 25

Page 561

✨ Financial Statements



15 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 25 561

Cost of offering credit:

  • bad debts written off 45 60
  • increase in estimated doubtful debts - 12

Total 45 72

Local authority rates expense 1,638 1,653
Rebates to consumers due to ownership interest - -
Subvention payments 1,745 5,213
Unusual expenses - -
Other expenditure not listed 552 828

Total operating expenditure 108,507 108,167

Operating surplus before interest and income tax 65,762 60,487

Interest expense

  • interest expense on borrowings 2,186 2,931
  • financing charges related to finance leases 59 -
  • other interest expense - -

Total 2,245 2,931

Operating surplus before income tax 63,517 57,556

  1. Taxation expense

The taxation provisions are subject to Inland Revenue Department assessment.

Surplus before taxation 63,517 57,556

Prima facie taxation at 33% 20,961 18,993

Taxation effect of:

Deferred tax adjustment 1,954 54
Permanent differences 4,164 3,978
Under/(over) provisions in prior years 36 (6)

Taxation as per statement of financial performance 27,115 23,019



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 25


Gazette.govt.nz — PDF NZ Gazette 2008, No 25




✨ LLM interpretation of page content

💰 Operating Surplus Before Tax (continued from previous page)

💰 Finance & Revenue
Operating Surplus, Credit Costs, Bad Debts, Doubtful Debts, Local Authority Rates, Rebates, Subvention Payments, Unusual Expenses, Interest Expense, Taxation Expense