β¨ Financial Statements
1 SEPTEMBER NEW ZEALAND GAZETTE 2765
TOP ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 1995
- 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.
- 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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VUW Te Waharoa —
NZ Gazette 1995, No 91
NZLII —
NZ Gazette 1995, No 91
β¨ LLM interpretation of page content
π°
Financial Statements for Top Energy Limited
(continued from previous page)
π° Finance & RevenueFinancial Instruments, Fair Values, Segment Information, Electricity Supply, Northland