✨ Financial Statements




8 SEPTEMBER NEW ZEALAND GAZETTE 2825

TOP ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31 MARCH 1997

11 FIXED ASSETS

LINE BUSINESS $
Cost or Valuation Accumulated Depreciation
Land 235,500 0
Buildings 222,000 17,391
Distribution system at valuation
Infrastructure 39,899,864 0
Non infrastructure 7,877,362 211,055
Plant, furniture & software 1,016,782 423,373
Vehicles 69,621 33,204
Capital work in progress 608,480 0
Total fixed assets 49,929,609 685,023
ENERGY TRADING $
Cost or Valuation Accumulated Depreciation
Land - -
Buildings - -
Distribution system at valuation -
Infrastructure - -
Non infrastructure - -
Plant, furniture & software 272,939 120,986
Vehicles 26,379 13,383
Capital work in progress - -
Total fixed assets 299,318 134,369

The latest Government Valuations by the Valuation Department of land and improvements are:

Land Improvements Total
1 September 1995 307,368 556,951 864,319

The Directors accept that government valuations provide a fair value for the land and buildings.



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✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
8 September 1997
Financial Statements, Fixed Assets, Land, Buildings, Infrastructure, Valuation