New Zealand Gazette – 1995 – No. 101

Page 3220

✨ Financial Statements and Related Party Transactions

3220 NEW ZEALAND GAZETTE No. 101

ENERGYDIRECT ELECTRICITY BUSINESS

NOTE 10: FINANCIAL INSTRUMENTS

Credit Risk

Financial instruments which potentially subject EnergyDirect Corporation to credit risk principally consist of bank balances and accounts receivable.

The Corporation performs credit evaluations on customers where possible and generally does not require deposits to be paid when customers demonstrate adequate credit history with previous electricity and gas suppliers.

Maximum exposures to credit risk for EnergyDirect’s Electricity business as at balance date are:

	As at 31 March 1995
	Consolidated	Lines	Energy
	$000	$000	$000
Receivables and prepayments	23,662	8,123	15,539

The above maximum exposures are net of any recognised provision for losses on these financial instruments.

Concentrations of credit risk

The Corporation is not exposed to any concentrations of credit risk.

Fair values

There were no differences between the fair value and carrying amounts of financial instruments at 31 March 1995.

NOTE 11: COMMITMENTS AND CONTINGENCIES

At balance date the estimated expenditure contracted for and approved by EnergyDirect Corporation and allocated to the Electricity business totalled $325,550.

There are no contingent liabilities at 31 March 1995.

NOTE 12: RELATED PARTY TRANSACTIONS

The Corporation purchased the bulk of its electricity requirements from Pacific Energy Limited, an associate company. Total purchases during the year amounted to $49,740,000. The remainder of $218,000 was purchased from the landfill joint venture company from October 1994.

In addition, the Corporation paid a management fee of $286,000 to Pacific Energy Limited.

The electricity purchase costs and management fee are allocated directly to the Energy business activities of EnergyDirect Corporation.

PDF embedding disabled (Crown copyright)

View this page online at:

VUW Te Waharoa — NZ Gazette 1995, No 101

NZLII — NZ Gazette 1995, No 101

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 EnergyDirect Electricity Business Financial Statements Notes (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsEnergyDirect, Electricity Business, Financial Statements, Current Assets, Receivables, Inventories

💰 Credit Risk Exposure in Financial Instruments

Domain💰 Finance & Revenue
KeywordsCredit Risk, Financial Instruments, Receivables, Prepayments

💰 Commitments and Contingencies

Domain💰 Finance & Revenue
KeywordsCommitments, Contingencies, Financial Statements

🏭 Related Party Transactions

Domain🏭 Trade, Customs & Industry
KeywordsRelated Party Transactions, Electricity Purchases, Management Fees, Pacific Energy Limited

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.