✨ Financial Statements
TOP ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 2002
| LINE BUSINESS | 2002 | 2001 |
|---|---|---|
| $ | $ |
-
INCOME
Electricity Line revenue | 17,453,647 | 17,020,419 |
AC loss rental rebate | 970,539 | 924,808 |
Capital contributions | 541,272 | 394,385 |
Total income | 18,965,458 | 18,339,612 | -
NET PROFIT BEFORE TAXATION
The net profit before tax is stated after charging:
Loss/(Profit) on disposal of fixed assets | (399) | 25,117 |
Depreciation | 2,603,461 | 2,479,069 |- Buildings | 4,436 | 5,494 |
- Distribution System – Infrastructure | 2,071,710 | 1,951,483 |
- Distribution System – Non Infrastructure | 419,401 | 395,062 |
- Centralised Load control equipment | 4,290 | 5,313 |
- Office equipment & furniture | 6,002 | 7,434 |
- Information system & billing assets | 92,269 | 114,282 |
- Vehicles | 5,353 | - |
Auditors – audit services | 28,080 | 26,265 |
– other assurance related services | 14,464 | 27,102 |
Directors’ fees | 118,032 | 110,859 |
Bad debts | 21,876 | 4,955 |
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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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Notes to the Special Purpose Financial Statements of Top Energy Limited
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