New Zealand Gazette – 1995 – No. 112

Page 3536

✨ Financial Statements

3536 NEW ZEALAND GAZETTE No. 112

MERCURY ENERGY LIMITED AND SUBSIDIARIES

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED 31 MARCH 1995 continued

	Line Activities $'000	Other Activities $'000	Total Activities $'000
9. INVESTMENTS
Shares listed on the Stock Exchange, at cost	-	150,989	150,989
Shares listed on the Stock Exchange, at market value	-	170,277	170,277

JOINT VENTURES

The company has interests in the following joint ventures:

	% Interest	Balance Date	Principal Activity
Rosedale/Greenmount	87.76	31 March	Energy Generation
Silverstream	46.50	31 March	Energy Generation

The company’s share of assets and liabilities of the joint ventures which have been included in the financial statements are nil.

Silverstream started operations in October 1994.

Ownership of and responsibility for the assets of the joint ventures are retained by the party contributing those assets. The net book value of the assets used by the joint ventures included in the financial statements of the Company is as follows:

Rosedale/Greenmount: $8.663 million
Silverstream: $2.302 million

The company’s share of capital commitments for the purchase of joint venture fixed assets which have been included in the financial statements are $0.632 million.

The company’s share of revenue and expenses of joint ventures which have been included in the financial statements are:

	Rosedale/Greenmount	Silverstream
Share of revenue	$2.046 million	$0.101 million
Share of expenses	$0.713 million	$0.048 million

The financial statements of the joint ventures are unaudited.

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VUW Te Waharoa — NZ Gazette 1995, No 112

NZLII — NZ Gazette 1995, No 112

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✨ LLM interpretation of page content

🏭 Notes to Financial Statements of Mercury Energy Limited and Subsidiaries (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Investments, Joint ventures, Energy generation, Revenue, Expenses

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