✨ Financial Statements
TOP ENERGY LIMITED-LINE BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2007
| LINE BUSINESS | |
|---|---|
| 2007 $ | |
| 1 REVENUE | |
| Electricity Line revenue | 23,319,811 |
| AC loss rental rebate | 645,775 |
| Capital contributions | 2,123,741 |
| Interest income | 3,492 |
| TOTAL REVENUE | 26,092,819 |
2 NET PROFIT BEFORE TAXATION
The net profit before tax is stated after charging:
(Loss)/Profit on disposal of fixed assets
| Depreciation | 2007 $ | 2006 $ |
|---|---|---|
| Buildings | 1,374 | 656 |
| Distribution System | 4,232,589 | 4,085,617 |
| Centralised Load control equipment | 21,750 | 21,750 |
| Office equipment & furniture | 14,007 | 11,283 |
| Information system & billing assets | 313,663 | 331,913 |
| Vehicles | 19,862 | 23,781 |
| 4,603,245 | 4,475,005 |
| Auditors – audit services | 45,600 | 47,969 |
| – regulatory/ODV reporting & price control submission | 44,030 | 34,000 |
| Directors’ fees | 135,154 | 161,000 |
| Bad debts | - | - |
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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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Notes to Financial Statements of Top Energy Limited
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