New Zealand Gazette – 2006 – No. 142

Page 4111

✨ Financial Statements



TOP ENERGY LIMITED-LINE BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2006

LINE BUSINESS
2006 2005
$ $

3 NET FINANCE COSTS

Comprise:

  • Interest – term debt | 627,522 | 658,476 |
  • Interest – other | 174,595 | 6,416 |
    Net finance costs | 802,118 | 664,892 |

4 TAXATION

The taxation provision has been calculated as follows:
Profit for the period

2006 2005
4,660,129 3,790,623

Taxation for the period at 33%
Plus/(Less) tax effect of:

  • Non taxable income | (486,686) | (355,490) |
  • Non deductible items | 642,362 | 994,226 |
    | 1,693,518 | 1,889,642 |

The taxation charge is represented by:

  • Taxation payable in respect of the current period | 1,450,807 | 1,454,041 |
  • Deferred tax | 242,711 | 435,601 |
    | 1,693,518 | 1,889,642 |

DEFERRED TAX LIABILITY

$ $
Balance at beginning of year 4,984,601 4,549,000
Transfer to Statement of financial performance 242,711 435,601
Balance at end of year 5,227,312 4,984,601

5 DIVIDENDS

Ordinary dividend paid (.22 cents per share) | 5,500,000 | 5,500,000 |
Total dividends paid | 5,500,000 | 5,500,000 |



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 142


Gazette.govt.nz — PDF NZ Gazette 2006, No 142




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial Statements, Revenue, Profit, Depreciation, Audit Services