New Zealand Gazette – 1997 – No. 119

Page 2816

✨ Financial Statements



2816 NEW ZEALAND GAZETTE No. 119

TOP ENERGY LIMITED

SPECIAL PURPOSE FINANCIAL STATEMENTS

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 1997

Notes LINE BUSINESS ENERGY TRADING
$ $
1997 1996 1997 1996
SHAREHOLDERS' FUNDS 47,386,139 43,936,457 1,106,301 550,904

Represented by:
TERM LIABILITIES 9 727,786 5,789,070 2,406 17,640
Debt restructuring provision 18 - 610,833 - 1,861
727,786 6,399,903 2,406 19,501
CURRENT LIABILITIES
Bank balances 379,378 - 1,254 -
Creditors and accruals 10 2,056,852 2,689,831 1,775,744 1,372,921
Term Liabilities within 12 months 9 5,003,532 - 16,544 -
Taxation payable 94,482 196,890 15,041 32,254
7,534,244 2,886,721 1,808,583 1,405,175
INTER DIVISIONAL CURRENT ACCOUNTS 4,108,599 2,749,977 727,481 (102,433)
FIXED ASSETS 11 49,244,586 47,546,275 164,949 145,883
INVESTMENTS 8 - - 180,395 180,395
CURRENT ASSETS
Cash and bank balances 12 182,204 855,010 743 3,190
Accounts receivable 13 2,112,780 2,071,819 1,843,722 1,748,545
2,294,984 2,926,829 1,844,465 1,751,735
47,386,139 43,936,457 1,106,301 550,904

This statement is to be read in conjunction with the accompanying notes, accounting policies and audit report.
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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Financial Statements, Performance Measures, Electricity Regulations, Top Energy Limited