← Page 4340

New Zealand Gazette – 2004 – No. 173

Page 4341

Page 4342 →

✨ Financial Statements

TOP ENERGY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31 MARCH 2004

9 CREDITORS AND ACCRUALS

LINE BUSINESS	$
	2004
Accounts payable and accruals	779,105
Payroll provisions	558,331
Total	1,337,436

10 FIXED ASSETS

	Cost or Valuation	Acc. Depreciation	Net Book Value
	2004	2003	2004
Land & Buildings at valuation	1,477,000	396,054	(44,021)
Distribution system
- At Cost	102,057,321	82,021,435	0
- At Valuation	8,955,938		(256,038)
	102,057,321	73,065,497	(4,812,503)
Centralised load control equipment	183,879	258,600	(17,220)
Office equipment & furniture	136,300	117,255	(87,512)
Information system & billing assets	2,072,158	1,955,972	(1,435,010)
Vehicles	186,854	186,854	(53,626)
Capital work in progress	133,879	183,779
Total fixed assets	106,247,391	85,119,949	(1,576,148)

i) There is no Goodwill or other intangible fixed asset in Line business Fixed assets.

ii) Land & buildings have been revalued at 31 March 2004 by Telfer Young Ltd, registered valuer.

The Distribution system was revalued by independent engineering consultants, Sinclair, Knight & Mertz. The valuation was carried out at 31 March 2004 and the report is dated 21 May 2004. The valuation is based on depreciated replacement cost (DRC) of the distribution system asset. The Directors consider this valuation to be fair. The DRC valuation is an element of the Optimised Deprival Value (ODV) which the company is required to prepare for regulatory purposes. The ODV has been audited by PricewaterhouseCoopers. The DRC revaluation movement in the Statement of equity of $23,941,436 differs from the revaluation disclosed in Schedule 4 - part 8 of the Electricity Regulations 1999 for 2004, of $20,473,000 reflecting the impact of the adoption of the new ODV handbook (August 2004) and the optimisation adjustment used in the ODV basis.

VUW Te Waharoa — NZ Gazette 2004, No 173

Gazette.govt.nz — NZ Gazette 2004, No 173

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Special Purpose Financial Statements for Top Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Creditors, Accruals, Fixed Assets, Valuation

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index