β¨ Financial Statements
30 SEPTEMBER NEW ZEALAND GAZETTE 3243
TOP ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 1996
| 1 INCOME | LINE BUSINESS $ | ENERGY TRADING $ |
|---|---|---|
| Sales of electricity | 14,966,593 | 12,792,224 |
| Other sales revenue | 45,516 | 44,088 |
| Total sales revenue | 15,012,109 | 12,836,312 |
| Other income | 198,257 | 51,884 |
| Capital contributions | 82,203 | 0 |
| Total income | 15,292,569 | 12,888,196 |
| 2 NET PROFIT BEFORE TAXATION | | |
| charging: | | |
| Loss/(Profit) on disposal of fixed assets | (42) | (656) |
| Depreciation | 367,937 | 38,525 |
| Bad debts | 61,482 | 52,857 |
| Doubtful debts | (18,614) | (15,909) |
| Auditors - audit services | 8,370 | 2,092 |
| - other services | 21,572 | 5,393 |
| Directors' fees | 38,030 | 9,506 |
| Infrastructural maintenance - accrued | 320,809 | 0 |
| 3 NET FINANCE COSTS | | |
| Comprise: | | |
| Interest - term debt | 959,121 | 2,922 |
| Interest - other | 21,230 | 65 |
| Gross finance costs | 980,351 | 2,987 |
| Less - investment income | 20,328 | 62 |
| Net finance costs | 960,023 | 2,925 |
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VUW Te Waharoa —
NZ Gazette 1996, No 133
NZLII —
NZ Gazette 1996, No 133
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