New Zealand Gazette – 2008 – No. 38

Page 874

✨ Financial Statements



MAINPOWER NEW ZEALAND LIMITED

Lines Business

Notes to and Forming Part of the Financial Statements

For The Year Ended 31 March 2007

1b Operating Expenditure (continued)

2007
$000
Auditors Fees
Principal Auditors 25
Other Auditors -
Other Audit Services 16
Total Auditors Fees 41
2006
$000
Principal Auditors 38
Other Auditors -
Other Audit Services -
Total Auditors Fees 38

| | 2007 |
| | $000 |
| Cost of Credit | |
| Bad Debts Written Off | 8 |
| Doubtful Debts | (50) |
| Total Cost of Offering Credit | (42) |
| | 2006 |
| | $000 |
| Bad Debts Written Off | 1 |
| Doubtful Debts | - |
| Total Cost of Offering Credit | 1 |

| | 2007 |
| | $000 |
| Local Authority Rates | 114 |
| AC Loss – Rental Rebates | - |
| Rebates to Consumers Due to Ownership Interest | 6,669 |
| Subvention Payments | - |
| Unusual Expenses | - |
| Other Expenditure | 68 |
| Total Operating Expenditure| 27,412 |
| | 2006 |
| | $000 |
| Local Authority Rates | 110 |
| AC Loss – Rental Rebates | - |
| Rebates to Consumers Due to Ownership Interest | 7,093 |
| Subvention Payments | - |
| Unusual Expenses | - |
| Other Expenditure | 115 |
| Total Operating Expenditure| 25,413 |

Operating Surplus Before Interest and Income Tax | 5,072 | 6,685

| | 2007 |
| | $000 |
| Interest Expense | |
| Interest Expense on Borrowings | - |
| Finance Leases | - |
| Other | 4 |
| Total Interest Expense | 4 |
| | 2006 |
| | $000 |
| Other | 4 |
| Total Interest Expense | 4 |

Operating Surplus Before Income Tax | 5,068 | 6,681

Income Tax | 780 | 1,430

Net Surplus After Taxation | 4,288 | 5,251

1c Taxation

2007
$000
Operating Surplus Before Taxation 5,068
Prima Facie Taxation @ 33 cents 1,673
Movement in Income Tax Due to
Permanent Differences 129
Taxation Relating to Previous Periods -
Timing Differences Not Recognised (1,022)
Deferred Tax Adjustment -
Total Taxation Expense per Statement of Financial Performance 780
2006
$000
Operating Surplus Before Taxation 6,681
Prima Facie Taxation @ 33 cents 2,205
Movement in Income Tax Due to
Permanent Differences 78
Taxation Relating to Previous Periods -
Timing Differences Not Recognised (853)
Total Taxation Expense per Statement of Financial Performance 1,430

The Taxation Charge is Represented by:

2007
$000
Current Taxation 780
Deferred Taxation -
Total Taxation Expense per Statement of Financial Performance 780
2006
$000
Current Taxation 1,430
Deferred Taxation -
Total Taxation Expense per Statement of Financial Performance 1,430


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 38


Gazette.govt.nz — PDF NZ Gazette 2008, No 38




✨ LLM interpretation of page content

🏭 Financial Statements for MainPower New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Commerce Act, Electricity Information Disclosure, MainPower New Zealand Limited