✨ Financial Statements
NEW ZEALAND GAZETTE
No. 91
TOP ENERGY LIMITED
FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 1995
| Line Business | Energy Trading | |
|---|---|---|
| 4. TAXATION | ||
| Profit for the period | 2,236,848 | 382,441 |
| Taxation on profits for the period at 33% | 738,160 | 126,205 |
| Plus (Less) tax effect of: | ||
| Non deductible items | 124,076 | |
| Non taxable income | ||
| Unrecognised timing differences previous year, utilised | (827,665) | |
| Unrecognised timing differences | (53,856) | |
| Overprovision in previous year | (19,285) | 126,205 |
The taxation charge is represented by:
Taxation payable in respect of the current period | (53,856) | |
| 160,776 | |
| 106,920 | |
Movement on deferred taxation as:
Brought forward 1 April 1994 | 160,776 | |
Provided in year | | |
Balance 31 March 1995 | 160,776 | |
5. DIVIDENDS
Ordinary dividend paid (.0008 cents per share) | 17,960 | 2,040 |
Ordinary dividend recommended | 17,960 | 2,040 |
Total dividends paid or provided | | |
6. SHARE CAPITAL
Authorised, issued and paid up capital
25,000,000 ordinary $1.00 shares | 25,000,000 | |
The 25,000,000 ordinary shares were issued to the Trustees of The Bay of Islands Electric Power Trust in consideration for the net assets vested in the Company on 1 May 1993.
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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, Taxation, Dividends, Share Capital