β¨ Financial Statements
3236 NEW ZEALAND GAZETTE No. 133
TOP ENERGY LIMITED
SPECIAL PURPOSE FINANCIAL STATEMENTS
STATEMENT OF MOVEMENTS IN EQUITY
FOR THE 12 MONTHS ENDED 31 MARCH 1996
| Notes | LINE BUSINESS $ | |
|---|---|---|
| ENERGY TRADING $ | ||
| EQUITY AS AT 1 APRIL 1995 | 28,645,486 | |
| Profit after taxation | 2,843,759 | |
| Plus revaluation of distribution asset | 12,503,524 | |
| Total recognised revenue and expenses for the year | 15,347,283 | |
| Less dividends | 5 | 56,312 |
| EQUITY AS AT 31 MARCH 1996 | 43,936,457 |
Represented by:
RETAINED EARNINGS
| | |
| Opening balance | | 5,041,086 | 15,175
| Profit after taxation | | 2,843,759 | 465,852
| Dividend paid | 5 | (56,312) | (871)
| Transfer to capital contribution reserve | | (61,093) |
| | | 7,767,440 | 480,156
CAPITAL CONTRIBUTIONS RESERVE
| | Policy 2 |
| Opening balance | | 386,420 | 0
| Transferred from retained earnings | | 61,093 | 0
| | | 447,513 | 0
ASSET REVALUATION RESERVE
| | Policy 6 |
| Revaluation of distribution infrastructure asset | | 12,503,524 | 0
SHARE PREMIUM RESERVE
| | 7 | 245,480 | 748
ISSUED AND PAID UP CAPITAL
| | 6 | 22,972,500 | 70,000
| | | 43,936,457 | 550,904
This statement is to be read in conjunction with the notes and accounting policies on pages 5 to 20 and the audit reports on pages 23 - 25. The Financial Statements have been prepared solely for the purpose of complying with regulations 6(2) and 6(3) of the Electricity (Information Disclosure) Regulations 1994 and are not intended for any other purpose.
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VUW Te Waharoa —
NZ Gazette 1996, No 133
NZLII —
NZ Gazette 1996, No 133
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