✨ Financial Statements




TOP ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31 MARCH 2003

LINE BUSINESS
2003 2002
$ $
  1. INCOME
  • Electricity Line revenue | 18,675,764 | 17,453,647 |
  • AC loss rental rebate | 454,259 | 970,539 |
  • Capital contributions | 380,615 | 541,272 |

Total income | 19,510,638 | 18,965,458 |

  1. NET PROFIT BEFORE TAXATION

The net profit before tax is stated after charging:

  • Loss/(Profit) on disposal of fixed assets | 19,493 | (399) |

  • Depreciation |

    • Buildings | 4,440 | 4,436 |
    • Distribution System - Infrastructure | 2,108,000 | 2,071,710 |
    • Non Infrastructure | 456,798 | 419,401 |
    • Centralised Load control equipment | 12,632 | 4,290 |
    • Office equipment & furniture | 7,571 | 6,002 |
    • Information system & billing assets | 189,081 | 92,269 |
    • Vehicles | 14,967 | 5,353 |
  • Auditors - audit services | 30,400 | 28,080 |

    • regulatory reporting & price control submission | 15,640 | 14,464 |
  • Directors' fees | 112,000 | 118,032 |

  • Bad debts | - | 21,876 |

Total Depreciation | 2,793,489 | 2,603,461 |



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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, Net Profit, Depreciation, Electricity Line Revenue