β¨ 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 | |
| $ | $ |
- 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 |
- 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 —
NZ Gazette 2003, No 105
Gazette.govt.nz —
NZ Gazette 2003, No 105
β¨ LLM interpretation of page content
π
Top Energy Limited Financial Performance Statement
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Income, Net Profit, Depreciation, Electricity Line Revenue