✨ Financial Statements
23 AUGUST
NEW ZEALAND GAZETTE
3111
TOP ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 MARCH 2002
| 3 NET FINANCE COSTS | LINE BUSINESS $ | |
|---|---|---|
| Comprise: | 2002 | 2001 |
| Interest - term debt | 584,288 | 722,077 |
| Interest - other | 3,656 | 16,419 |
| Net finance costs | 587,944 | 738,496 |
| 4 TAXATION | ||
| The taxation provision has been calculated as follows: | 6,361,848 | 5,018,720 |
| Profit for the period | ||
| Taxation for the period at 33% | 2,099,410 | 1,656,178 |
| Plus/(Less) tax effect of: | ||
| Non taxable income | (178,619) | (134,043) |
| Non deductible items | 9,240 | 6,600 |
| Unrecognised timing differences | (366,146) | (126,305) |
| 1,563,885 | 1,402,430 | |
| The taxation charge is represented by: | ||
| Taxation payable in respect of the current period | 1,563,885 | 1,402,430 |
| 1,563,885 | 1,402,430 |
The Company has not recognised a deferred tax liability of $3,245,354 (2001:$2,849,895) on timing differences of $9,839,818 (2001:$8,636,044), as these are not expected to reverse in the forseeable future.
| 5 DIVIDENDS | ||
|---|---|---|
| Ordinary dividend paid (.152 cents per share) | 4,350,000 | 3,800,000 |
| Ordinary dividend paid (.174 cents per share) | ||
| Total dividends paid or provided | 4,350,000 | 3,800,000 |
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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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