✨ Financial Statements
3236 No. 101
NEW ZEALAND GAZETTE
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)
5. Receivables and Repayments
| 1995 | 1994 | |
|---|---|---|
| $000 | $000 | |
| Trade debtors | 1,919 | 1,933 |
| Inter-Company receivables | 15 | - |
| Repayments | 10 | - |
| 1,944 | 1,933 | |
| Less provision for bad debt | 100 | 100 |
| 1,844 | 1,833 |
6. Financial Instruments
Credit Risk
Financial instruments which potentially subject the Company to credit risk principally consist of bank balances, accounts receivable.
The company performs credit evaluations on all customers requiring credit. Where a satisfactory credit reference is obtained the Company generally does not require collateral.
Maximum exposures to credit risk as at balance date are:
| 1995 | |
|---|---|
| $000 | |
| Bank balances | 3 |
| Receivables | 1,819 |
The above maximum exposures are net of any recognised provision for losses on these financial instruments.
Investments in short term deposits are made with registered banks with satisfactory credit ratings.
Credit Facilities
The company has a total banking facilities of $3,200,000 (1994: $3,200,000).
Fair Values
There were no differences between the fair value and carrying amounts of financial instruments as at 31 March 1995.
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VUW Te Waharoa —
NZ Gazette 1995, No 101
NZLII —
NZ Gazette 1995, No 101
✨ LLM interpretation of page content
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Notes to and Forming Part of the Financial Statements for Horowhenua Energy Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Receivables, Repayments, Credit Risk, Credit Facilities, Fair Values, Horowhenua Energy Limited