PPP pan pacific petroleum nl

re ppp tax calculations annual report

  1. 498 Posts.
    Quote Today National Business Review

    "In the 12 months to July 31, New Zealand exported oil worth $2.8 billion, most of it from the offshore Tui field, also in Taranaki.

    In the 11 months to June 30, Tui produced 14.2 million barrels of oil, generating revenue of approximately $1.8 billion. This created $220 million for the government from royalties, company tax, GST and income tax."

    If the NZ$220 Million Government Revenue is correct
    this makes PPP 2008 accounts look very suspect in the
    treatment of various Tax liabilities 10% of this
    figure only equals NZ$22 Million as PPPs Share

    This company presents a real enigma ?????
 
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