✨ Financial Statements
UNISON NETWORKS - LINES BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the year ended 31 March 2007
3 INCOME TAX
| 2007 | 2006 | |
|---|---|---|
| $000 | $000 |
a) Taxation
Operating surplus/(deficit) before taxation | 17,661 | (40,350) |
Prima facie tax @ 33% | 5,829 | (13,315) |
Permanent differences | (1,636) | 19,241 |
Timing differences not recognised | (2,982) | (4,716) |
Prior period adjustments | 323 | 220 |
Current taxation expense/(benefit) | 1,534 | 1,430 |
Taxation expense/(benefit) is represented by:
Current taxation | 1,534 | 1,430 |
b) Unison has not recognised a Deferred Tax Liability totalling $37.1 million (2006: $31.0 million) in relation to the tax depreciation recoverable which would crystallise if all assets were disposed of at their carrying value.
c) Taxation (Refund)/Payable
| 2007 | 2006 | |
|---|---|---|
| $000 | $000 |
Opening balance | (4,105) | (2,735) |
Current year taxation expense/(benefit) | 1,534 | (1,430) |
Taxation paid | (500) | (2,800) |
Closing balance | (3,071) | (4,105) |
d) Imputation credit account
| 2007 | 2006 | |
|---|---|---|
| $000 | $000 |
Opening balance | 7,626 | 4,872 |
Prior period adjustment | - | 3 |
Taxation paid | 500 | 2,600 |
Imputation credits attached to dividends paid in the reporting period | (2,266) | (49) |
Closing Balance | 5,860 | 7,626 |
4 SHARE CAPITAL
| 2007 | 2006 |
|---|
Number of ordinary fully paid shares on issue | 64,000,000 | 64,000,000 |
| 2007 | 2006 | |
|---|---|---|
| $000 | $000 |
Issued and paid up value | 66,661 | 66,661 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 53
Gazette.govt.nz —
NZ Gazette 2008, No 53
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Unison Networks Limited - Lines Business Financial Position Statement
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🏭 Trade, Customs & IndustryFinancial Statements, Equity, Assets, Liabilities, Unison Networks Limited, Accounting Policies, Borrowings, Goods and Services Tax, Operating Leases, Income Tax, Taxation, Deferred Tax Liability, Imputation Credit Account, Share Capital