New Zealand Gazette – 2008 – No. 50

Page 1427

✨ Financial Expenditure Report



Top Energy Limited - Year ended 31 March 2007

Expenditure (Schedule 1, Part 2)

2007 2006
(h) Corporate and administration: 465,187 452,637
(i) Human resource expenses: 208,477 159,145
(j) Marketing/advertising: 296,719 218,323
(k) Merger and acquisition expenses: 0 0
(l) Takeover defence expenses: 0 0
(m) Research and development expenses: 0 0
(n) Consultancy and legal expenses: 300,877 265,286
(o) Donations: 0 0
(p) Directors' fees: 135,154 161,000
(g) Auditors' fees:
    (i) Audit fees paid to principal auditors: 45,600 47,969
    (ii) Audit fees paid to other auditors: 0 0
    (iii) Fees paid for other services provided by principal and other auditors: 44,030 34,000
    (iv) Total auditors' fees: 89,630 81,969
(r) Costs of offering credit:
    (i) Bad debts written off: 0 0
    (ii) Increase in estimated doubtful debts: 0 0
    (iii) Total cost of offering credit: 0 0
(s) Local authority rates expense: 0 0
(t) AC loss-rentals (distribution to retailers/customers) expense: 0 0
(u) Rebates to consumers due to ownership interest: 0 0
(v) Subvention payments: 0 0
(w) Unusual expenses: 0 0
(x) Other expenditure not listed in (a) to (w): 218,165 170,130
Total operating expenditure 19,208,830 18,284,840

14 Operating surplus before Interest and Income tax |
|      | 6,883,989 | 5,462,247 |

15 Interest expense
| (a) Interest expense on borrowings: | 738,418 | 802,118 |
| (b) Financing charges related to finance leases: | 0 | 0 |
| (c) Other interest expense not listed in (a) or (b): | 0 | 0 |
| (d) Total Interest expense | 738,418 | 802,118 |

16 Operating surplus before income tax |
|      | 6,145,571 | 4,660,129 |

17 Income tax | 1,968,569 | 1,693,518 |

18 Net surplus/(deficit) after tax |
|      | 4,177,002 | 2,966,611 |



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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




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Financial statements, Operating revenue, Expenditure, Line charges, Transfer payments, Depreciation, Amortisation, Top Energy Limited