β¨ Financial Statements
4110
NEW ZEALAND GAZETTE, No. 142
20 NOVEMBER 2006
TOP ENERGY LIMITED-LINE BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2006
| LINE BUSINESS | ||
|---|---|---|
| $ | ||
| 2006 | 2005 | |
| 1 REVENUE | ||
| Electricity Line revenue | 21,535,008 | 20,391,889 |
| AC loss rental rebate | 737,272 | 482,697 |
| Capital contributions | 1,474,807 | 1,077,242 |
| TOTAL REVENUE | 23,747,087 | 21,951,828 |
| 2 NET PROFIT BEFORE TAXATION | ||
| The net profit before tax is stated after charging: | ||
| (Loss)/Profit on disposal of fixed assets | - | 43,408 |
| Depreciation | 4,475,005 | 4,400,987 |
| Buildings | 656 | - |
| Distribution System | 4,085,617 | 4,009,459 |
| Centralised Load control equipment | 21,750 | 21,750 |
| Office equipment & furniture | 11,288 | 14,093 |
| Information system & billing assets | 331,913 | 329,039 |
| Vehicles | 23,781 | 26,646 |
| Auditors - audit services | 47,969 | 35,333 |
| - regulatory/ODV reporting & price control submission | 34,000 | 30,530 |
| Directors' fees | 161,000 | 149,589 |
| Bad debts | - | - |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 142
Gazette.govt.nz —
NZ Gazette 2006, No 142
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Top Energy Limited Notes to the Financial Statements
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