✨ Financial Statements
TOP ENERGY LIMITED
SPECIAL PURPOSE FINANCIAL STATEMENTS
STATEMENT OF MOVEMENTS IN EQUITY
FOR THE 12 MONTHS ENDED 31 MARCH 2002
| Notes | LINE BUSINESS | |
|---|---|---|
| 2002 $ | ||
| EQUITY AS AT 1 APRIL | 73,436,367 | |
| Profit after taxation | 4,797,963 | |
| Less revaluation of distribution asset | - | |
| Total recognised revenue and expenses for the year | 4,797,963 | |
| Less dividends | 5 | (4,350,000) |
| EQUITY AS AT 31 MARCH | 73,884,330 |
Represented by:
| 2002 $ | 2001 $ | ||
|---|---|---|---|
| RETAINED EARNINGS | |||
| Opening balance | 16,297,173 | 16,775,589 | |
| Profit after taxation | 4,797,963 | 3,616,290 | |
| Dividend paid | 5 | (4,350,000) | (3,800,000) |
| Transfer to capital contribution reserve | (448,101) | (294,706) | |
| 16,297,035 | 16,297,173 |
| CAPITAL CONTRIBUTIONS RESERVE | Policy 2 | | |
| Opening balance | | 1,702,921 | 1,408,215 |
| Transferred from retained earnings | | 448,101 | 294,706 |
| | | 2,151,022 | 1,702,921 |
| ASSET REVALUATION RESERVE | Policy 5 | | |
| Opening balance | | 32,218,293 | 33,449,182 |
| Revaluation of Distribution asset | 10 (iii) | - | (1,230,889) |
| | | 32,218,293 | 32,218,293 |
| PAID IN CAPITAL | 6 | 23,217,980 | 23,217,980 |
| | | 73,884,330 | 73,436,367 |
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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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 116
Gazette.govt.nz —
NZ Gazette 2002, No 116
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Certification of Financial Statements and Performance Measures by Top Energy Limited
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Financial Statements, Performance Measures, Electricity, Information Disclosure, Top Energy Limited