New Zealand Gazette – 2003 – No. 105

Page 2767

✨ Financial Statements



TOP ENERGY LIMITED

FINANCIAL STATEMENTS

SPECIAL PURPOSE FINANCIAL STATEMENTS

STATEMENT OF CASH FLOW

FOR THE YEAR ENDED 31 MARCH 2003

LINE BUSINESS
2003 2002
$ $
CASH COMPRISES
Cash on hand 343 123
BNZ current account 34,323 24,011
34,666 24,134

RECONCILIATION OF NET PROFIT AFTER TAXATION TO CASH FLOW FROM OPERATING ACTIVITIES

2003 2002
Reported Net Profit after Taxation 4,567,886 4,797,963
Add/(Less) items classified as investing or financing activities
Net loss/(profit) on disposal of assets 19,493 (399)
Add/(Less) other non-cash items:
Change in provisions for leave etc 85,891 3,804
Depreciation 2,793,489 2,603,461
2,879,380 2,607,265

| Add/(Less) movement in other working capital items |
| Increase/(decrease) in tax payable | (91,885) | 161,455 |
| (Increase)/decrease in accounts receivable | (412,682) | (53,956) |
| Increase/(decrease) in accounts payable | (100,959) | (1,090,703) |
| | (605,526) | (983,204) |

| NET CASH FLOWS FROM OPERATING ACTIVITIES |
| | 6,861,233 | 6,421,625 |

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.



Next Page →



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, Cash Flow, Income, Expenses, Profit, Taxation, Electricity