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 PDF NZ Gazette 2008, No 50


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





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

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Financial statements, Revenue, Profit, Depreciation, Auditors, Directors' fees, Top Energy Limited