New Zealand Gazette – 2008 – No. 50

Page 1406

✨ Financial Statements

TOP ENERGY LIMITED-LINE BUSINESS

STATEMENT OF MOVEMENTS IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2007

	Notes	LINE BUSINESS
		2007	2006
		$	$
EQUITY AS AT 1 APRIL		85,622,043	88,155,432
Profit for the period		4,177,002	2,966,611
Revaluation of Distribution Asset		29,356,819	—
Total recognised revenue and expenses for the period		33,533,821	2,966,611
Dividends	5	(5,665,000)	(5,500,000)
EQUITY AS AT 31 MARCH		113,490,864	85,622,043

Represented by:

RETAINED EARNINGS
Opening balance		(97,533)	3,794,778
Profit for the period		4,177,002	2,966,611
Dividend paid	5	(5,665,000)	(5,500,000)
Transfer to capital contribution reserve		(1,372,365)	(1,358,922)
		(2,957,896)	(97,533)

CAPITAL CONTRIBUTIONS RESERVE
Opening balance	5,215,579	3,856,657
Transferred from retained earnings	1,372,365	1,358,922
	6,587,944	5,215,579

ASSET REVALUATION RESERVE
Opening balance		57,286,017	57,286,017
Revaluation of Distribution Asset	10	29,356,819	—
		86,642,836	57,286,017

| SHARE CAPITAL | 6 | 23,217,980 | 23,217,980|

| | | 113,490,864 | 85,622,043|

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 2008, No 50

Gazette.govt.nz — NZ Gazette 2008, No 50

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✨ LLM interpretation of page content

🏭 Certification of Financial Statements and Performance Measures (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated22 February 2008
KeywordsFinancial statements, Performance measures, Commerce Commission, Electricity Information Disclosure Requirements

🏭 Statement of Movements in Equity for Top Energy Limited

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Equity movements, Top Energy Limited, Electricity Information Disclosure Requirements

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