✨ Financial Statements
1 SEPTEMBER
NEW ZEALAND GAZETTE
2757
TOP ENERGY LIMITED
FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 1995
- INCOME
Sales of electricity 13,817,218 13,308,122
Other sales revenue 1,494,133
Total sales revenue 15,311,351 13,308,122
Other income 344,739
Capital contributions 291,197
Total income 15,947,287 13,308,122
- NET PROFIT BEFORE TAXATION
The net profit before taxation is stated after charging:
Loss on disposal of fixed assets 61,606
Audit fees 21,065 3,717
Depreciation 677,890 259
Directors’ fees 52,700 9,300
Additional depreciation of $50,372 on transformers previously not depreciated but now adjusted for the prior year value of depreciation, has been included in depreciation expense for the current year.
- NET FINANCE COSTS
Comprise:
Interest - term debt 1,985,482 0
Interest - other 553
Gross finance costs 1,986,035 0
Less- investment income 529,140 0
Net Finance costs 1,456,895 0
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VUW Te Waharoa —
NZ Gazette 1995, No 91
NZLII —
NZ Gazette 1995, No 91
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Financial Statements for Top Energy Limited
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💰 Finance & RevenueFinancial Statements, Income, Net Profit, Finance Costs, Depreciation, Audit Fees