New Zealand Gazette – 1995 – No. 101

Page 3234

✨ Financial Statements

3234 NEW ZEALAND GAZETTE No. 101

            HOROWHENUA ENERGY LIMITED (LINE BUSINESS) - Annual Report 1995

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1995 (continued)

(d) Leases

The Company leases certain land and buildings.

Operating lease payments, where the lessors effectively retain substantially all the risks and benefits of ownership of the leased items, are included in the determination of the operating profit in equal instalments over the lease term.

(e) Financial Instruments

The company has no financial instruments with off balance sheet risk.

(f) Comparative Figures

The comparative figures cover trading of Horowhenua Electric Power Board for the month of April 1993, and, following the transfer of its assets and liabilities under the Energy Companies Act 1992 (Horowhenua Energy Limited) Vesting Order 1993, dated 30 April 1993, for the eleven months trading as Horowhenua Energy Limited to 31 March 1994.

Dividends

Group & Parent
1995
$000

Proposed dividends ... 30 ... 87

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VUW Te Waharoa — NZ Gazette 1995, No 101

NZLII — NZ Gazette 1995, No 101

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✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Financial Statements for Horowhenua Energy Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Accounting Policies, Electricity, Horowhenua Energy Limited

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