✨ Financial Statements
TOP ENERGY LIMITED-LINE BUSINESS
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2007
| Notes | LINE BUSINESS | ||
|---|---|---|---|
| 2007 | 2006 | ||
| $ | $ | ||
| SHAREHOLDERS' EQUITY | 113,490,864 | 85,622,043 |
Represented by:
NON CURRENT LIABILITIES
| Borrowings | 8 | 5,000,000 | 7,285,714 |
| Deferred tax | 4 | 5,497,377 | 5,227,312 |
| TOTAL NON CURRENT LIABILITIES | | 10,497,377 | 12,513,026 |
CURRENT LIABILITIES
| Bank overdraft | 11 | 6,101 | - |
| Interbusiness current account| 12 | 4,489,607 | 6,788,992 |
| Payables and accruals | 9 | 3,903,073 | 1,476,880 |
| Short term borrowings | 8 | 7,500,000 | 1,671,429 |
| Provision for income tax | 4 | 1,698,504 | 1,450,807 |
| TOTAL CURRENT LIABILITIES| | 17,597,285 | 11,388,108 |
| TOTAL EQUITY & LIABILITIES| | 141,585,526 | 109,523,177|
FIXED ASSETS
| | 10 | 139,196,550 | 107,000,933 |
CURRENT ASSETS
| Cash and bank balances | 11 | 205 | 28,339 |
| Accounts receivable | 13 | 2,388,771 | 2,493,905 |
| TOTAL CURRENT ASSETS | | 2,388,976 | 2,522,244 |
| TOTAL ASSETS | | 141,585,526 | 109,523,177|
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.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 50
Gazette.govt.nz —
NZ Gazette 2008, No 50
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Statement of Financial Position for Top Energy Limited
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