New Zealand Gazette – 2003 – No. 105

Page 2764

✨ Financial Statements



2764

NEW ZEALAND GAZETTE

No. 105

TOP ENERGY LIMITED

SPECIAL PURPOSE FINANCIAL STATEMENTS

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE 12 MONTHS ENDED 31 MARCH 2003

EQUITY AS AT 1 APRIL Notes LINE BUSINESS S
2003 2002
Profit after taxation 73,884,330 73,436,367
Less revaluation of distribution asset 4,567,886 4,797,963
Total recognised revenue and expenses for the year 4,567,886 4,797,963
Less dividends 5 4,575,000 4,350,000
EQUITY AS AT 31 MARCH 73,877,216 73,884,330
Represented by:
RETAINED EARNINGS
Opening balance 16,297,035 16,297,173
Profit after taxation 5 4,567,886 4,797,963
Dividend paid (4,575,000) (4,350,000)
Transfer to capital contribution reserve (380,615) (448,101)
15,909,306 16,297,035
CAPITAL CONTRIBUTIONS RESERVE Policy 2 2,151,022 1,702,921
Opening balance
Transferred from retained earnings 380,615 448,101
2,531,637 2,151,022
ASSET REVALUATION RESERVE Policy 5 32,218,293 32,218,293
Opening balance 10 (iii)
Revaluation of Distribution asset -
32,218,293 32,218,293
PAID IN CAPITAL 6 23,217,980 23,217,980
73,877,216 73,884,330

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 — PDF NZ Gazette 2003, No 105


Gazette.govt.nz — PDF NZ Gazette 2003, No 105




✨ LLM interpretation of page content

🏭 Top Energy Limited Financial Performance Statement (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Income, Expenses, Profit, Taxation, Electricity