✨ Financial Statements




NEW ZEALAND GAZETTE

9 OCTOBER

3561

WEL ENERGY GROUP LIMITED

LINES BUSINESS

9 Financial Instruments

In the normal course of its business, the company incurs credit risk from trade receivables from line customers. A provision has been set up for trade receivables which are unlikely to be collected.

The company has a credit policy which is used to manage this exposure to credit risk. As part of this policy, limits on exposure have been set and are monitored on a regular basis. There are no significant concentrations of credit risk and the company does not require any collateral.

The Directors estimate that the carrying amounts of financial instruments in the Statement of Financial Position equal their fair values.

11



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1995, No 112


NZLII PDF NZ Gazette 1995, No 112





✨ LLM interpretation of page content

🏭 Financial Instruments and Credit Risk Management for WEL Energy Group Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Instruments, Credit Risk, Trade Receivables, Credit Policy, Fair Values, WEL Energy Group Limited