New Zealand Gazette – 1999 – No. 116

Page 2776

✨ Financial Statements



2776
NEW ZEALAND GAZETTE
No. 116

TOP ENERGY LIMITED

SPECIAL PURPOSE FINANCIAL STATEMENTS

STATEMENT OF MOVEMENTS IN EQUITY
FOR THE 12 MONTHS ENDED 31 MARCH 1999

EQUITY AS AT 1 APRIL 1997 Notes LINE BUSINESS $
1999 1998
Profit after taxation 50,267,086 47,386,139
Plus revaluation of distribution asset 1,405,692 2,923,427
20,945,658 -
Total recognised revenue and expenses for the year 22,351,350 2,923,427
Less dividends 5 45,000 42,480
EQUITY AS AT 31 MARCH 1998 72,573,436 50,267,086
Represented by:
RETAINED EARNINGS
Opening balance 13,685,386 10,952,578
Profit after taxation 5 1,405,692 2,923,427
Dividend paid (45,000) (42,480)
Transfer to capital contribution reserve (209,839) (148,139)
14,836,239 13,685,386
CAPITAL CONTRIBUTIONS RESERVE Policy 2
Opening balance 860,196 712,057
Transferred from retained earnings 209,839 148,139
1,070,035 860,196
ASSET REVALUATION RESERVE Policy 6
Revaluation of distribution infrastructure asset 12,503,524 12,503,524
Revaluation of Distribution asset 20,945,658
33,449,182 12,503,524
PAID IN CAPITAL 6 23,217,980 23,217,980
72,573,436 50,267,086

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 1999 and are not intended for any other purpose.



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🏭 Special Purpose Financial Statements for Top Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Income, Expenses, Profit, Taxation, Electricity, Information Disclosure