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New Zealand Gazette – 2005 – No. 129

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✨ Financial Statements

3124

NEW ZEALAND GAZETTE, No. 129

17 AUGUST 2005

TOP ENERGY LIMITED

SPECIAL PURPOSE FINANCIAL STATEMENTS

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE 12 MONTHS ENDED 31 MARCH 2005

EQUITY AS AT 1 APRIL	Notes	LINE BUSINESS $
		2005	2004
Profit/(Loss) after taxation		91,754,451	73,877,216
Add revaluation of distribution asset		1,900,981	(1,840,489)
Total recognised revenue and expenses for the year	5	1,900,981	23,227,235
Less dividends		5,500,000	5,350,000
EQUITY AS AT 31 MARCH		88,155,432	91,754,451
Represented by:
RETAINED EARNINGS
Opening balance	5	8,264,017	15,909,306
Profit after taxation		1,900,981	(1,840,489)
Dividend paid		(5,500,000)	(5,350,000)
Transfer to capital contribution reserve		(870,220)	(454,800)
		3,794,778	8,264,017
CAPITAL CONTRIBUTIONS RESERVE	Policy 2
Opening balance		2,986,437	2,531,637
Transferred from retained earnings		870,220	454,800
		3,856,657	2,986,437
ASSET REVALUATION RESERVE	Policy 5
Opening balance	10 (ii)	57,286,017	32,218,293
Revaluation of Distribution asset			23,941,436
Revaluation of Land & Buildings			1,126,288
		57,286,017	57,286,017
PAID IN CAPITAL	6	23,217,980	23,217,980
		88,155,432	91,754,451

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 requirements 6(2) and 6(3) of the Electricity Information Disclosure Requirements 2004 and are not intended for any other purpose.

VUW Te Waharoa — NZ Gazette 2005, No 129

Gazette.govt.nz — NZ Gazette 2005, No 129

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✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Performance measures, Income, Expenses, Taxation, Top Energy Limited

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