✨ Financial Statements




1 SEPTEMBER NEW ZEALAND GAZETTE 2765

TOP ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 1995

  1. FINANCIAL INSTRUMENTS

c) Fair Values

The following methods were used to estimate the fair values of these classes of financial instruments:

(i) Cash and liquid deposits, debtors and other accounts receivable including sundry debtors, creditors and other accounts payable including sundry creditors, loans payable within twelve months:

The carrying value of these items is equivalent to their fair value.

(ii) Investments

The investment of the Company is for shares in an unlisted Company. The net asset backing per share is used to calculate the fair value. The Company had no investments as at 31 March 1994.

70546 Shares - carrying value 26,868
70546 Shares - fair value 28,922

(iii) Term Liabilities

As previously noted, the Company revalues and restructures term debt at balance date, to reflect current fair market rates. Therefore the carrying value in the accounts, including debt restructuring provision, reflects the fair value of term debts.

  1. SEGMENT INFORMATION

The Company operates primarily in one industry, the electricity supply industry, and in one geographic location, Northland, New Zealand.

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✨ LLM interpretation of page content

πŸ’° Financial Statements for Top Energy Limited (continued from previous page)

πŸ’° Finance & Revenue
Financial Instruments, Fair Values, Segment Information, Electricity Supply, Northland