New Zealand Gazette – 2008 – No. 4

Page 87

✨ Financial Statements



11 JANUARY 2008 NEW ZEALAND GAZETTE, No. 4

87

4. Taxation

Surplus (Deficit) Before Taxation 1,931,866 2,101,574

Income tax expense @ 33% 637,516 693,519

Plus (Less) the effect of
Non-assessable receipts (471,800) (509,260)
Non-deductible expenses 784,715 813,344

Taxation Expenses 950,430 997,603

Taxation Charge is Represented by:

Income tax liability in respect of the current year 275,174 544,965
Deferred taxation 675,256 452,638
950,430 997,603

5. Movement in Deferred Tax Account

Opening balance 4,484,398 4,031,760
Movement in deferred tax 675,256 452,638
Closing balance 5,159,654 4,484,398

6. Reconciliation of Net Surplus after Taxation with Net Cash Flow from Operating Activity

Surplus after Taxation 981,436 1,103,971

Add Non-cash Items
Depreciation 2,377,924 2,658,629
Deferred tax 675,256 452,638
3,053,180 3,111,267

Add (Less) Movement in Working Capital Items
Accounts receivable 620,659 (484,607)
Inventories 0 131,709
GST 117,204 (14,167)
Tax asset (58,783) 49,721
Payable and accruals (749,883) 1,214,119
(70,961) 896,775

                    3,593,956       5,112,013

Add Items classified as Investing Activities
Payable and accruals 1,309,079 (2,088,430)

Net Cash Flows From Operating Activities 5,272,734 3,023,583



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 4


Gazette.govt.nz — PDF NZ Gazette 2008, No 4




✨ LLM interpretation of page content

🏭 Network Waitaki Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Taxation, Deferred Tax, Net Surplus, Cash Flow, Operating Activity, Network Waitaki Limited