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
$ $
  1. 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 |

  2. 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 PDF NZ Gazette 2002, No 116


Gazette.govt.nz PDF NZ Gazette 2002, No 116





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🏭 Notes to the Special Purpose Financial Statements of Top Energy Limited (continued from previous page)

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