New Zealand Gazette – 2008 – No. 27

Page 596

✨ Financial Statements



596 NEW ZEALAND GAZETTE, No. 27 18 FEBRUARY 2008

  1. OPERATING REVENUE

Other operating revenue includes:

2007 2006
$000's $000's
Donated Assets 2,760 3,067
Capital Contributions 361 858
Other operating revenue 285 83
3,406 4,008
  1. INCOME TAX

3.1 Income Tax Expense

2007 2006
$000's $000's
Operating Surplus before Taxation 4,688 6,583
Add/(Deduct)
Non Deductible Costs 4,779 4,119
Non Assessable Revenue (4,138) (5,026)
Taxable Income 5,329 5,676
Taxation Charge @ 33% 1,759 1,873
Prior Year Under/(Over) Provision (17) (284)
Tax Expense 1,742 1,589

The Income Tax Expense is represented by:

2007 2006
$000's $000's
Tax Payable in Respect of the Current Year 782 969
Deferred Tax Liability 960 620
1,742 1,589

3.2 Deferred Taxation

2007 2006
$000's $000's
Balance at Beginning of Year 6,141 5,508
Prior Year Adjustments (19) 13
Deferred Tax Arising on Timing Differences 960 620
Balance at End of Year 7,082 6,141
  1. EARNINGS PER SHARE

Earnings per share are calculated by dividing the net surplus after taxation by the average number of shares on issue during the year.

2007 2006
Average number of shares on issue 8,736 8,736
Net surplus per share 34 cents 57 cents
  1. SHARE CAPITAL

5.1 Marlborough Lines shares are held by the Trustees of the Marlborough Electric Power Trust.

5.2 Issued and Paid up Capital ordinary $1.00 shares

2007 2006
8,736 8,736


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 27


Gazette.govt.nz — PDF NZ Gazette 2008, No 27




✨ LLM interpretation of page content

🏭 Marlborough Lines Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Revenue, Income Tax, Earnings Per Share, Share Capital