✨ Financial Statements
TOP ENERGY LIMITED-LINE BUSINESS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2007
| LINE BUSINESS | |||
|---|---|---|---|
| 2007 | 2006 | ||
| $ | $ |
CASH FLOWS FROM OPERATING ACTIVITIES
Cash was provided from:
Receipts from customers | 26,197,952 | 23,372,233 |
Interest received | 3,492 | - |
| 26,201,444 | 23,372,233 |
Cash was disbursed to:
Payments to suppliers and employees | 12,182,882 | 13,971,053 |
Interest paid | 738,418 | 802,118 |
Taxation paid | 1,450,807 | 1,454,041 |
| 14,372,107 | 16,227,212 |
Net cash from operating activities | 11,829,337 | 7,145,021 |
CASH FLOWS FROM INVESTING ACTIVITIES
Cash was provided from:
Other businesses | - | 4,953,707 |
Cash was applied to:
Purchase and construction of fixed assets | 7,442,043 | 5,623,927 |
Other businesses | 2,299,385 | - |
Net cash (used in)/from investing activities | (9,741,428) | (670,220) |
CASH FLOWS FROM FINANCING ACTIVITIES
Cash was provided from:
Proceeds of Term Loan | 3,542,857 | -
Cash was applied to:
Dividends paid | 5,665,000 | 5,500,000 |
Repayment of loans | - | 942,857 |
Net cash from financing activities | (2,122,143) | (6,442,857) |
NET INCREASE/(DECREASE) IN CASH HELD | (34,235) | 31,944 |
OPENING CASH | 28,339 | (3,605) |
CLOSING CASH | (5,896) | 28,339 |
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
✨ LLM interpretation of page content
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Statement of Financial Position for Top Energy Limited
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