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New Zealand Gazette – 1997 – No. 119

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✨ Financial Statements

8 SEPTEMBER NEW ZEALAND GAZETTE 2823

TOP ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31 MARCH 1997

6 SHARE CAPITAL	LINE BUSINESS $		ENERGY TRADING $
	1997	1996	1997	1996
23,042,500 ordinary shares issued to the trustees of the Bay of Islands Electric Power Trust for a consideration of	23,217,980	23,217,980	70,748	70,748
Net assets vested in the Company 1 May 1993	23,217,980	23,217,980	70,748	70,748
7 IMPUTATION CREDIT ACCOUNT
Opening balance	1,369,521	1,369,521	224,349	224,349
Plus income tax paid	985,512	-	101,473	-
Imputation credits attached to dividends received	-	-	49,095	-
Closing Balance	2,355,033	1,369,521	374,917	224,349
8 INVESTMENTS
179,981 shares in PowerBuy Group Limited fully paid	-	-	180,395	180,395
	-	-	180,395	180,395

The company holds 100% of the shares of Far North Electricity Limited. This subsidiary company is non-trading with capital of 100 $1 unpaid shares. It has a balance date of 31 March and was originally set up to protect its name from use by others. Far North Electricity Limited has had no transactions in the past and has no assets or liabilities.

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VUW Te Waharoa — NZ Gazette 1997, No 119

NZLII — NZ Gazette 1997, No 119

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Special Purpose Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated8 September 1997
KeywordsFinancial Statements, Share Capital, Imputation Credit Account, Investments, Top Energy Limited, Far North Electricity Limited

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