✨ 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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