← Page 3697

New Zealand Gazette – 1995 – No. 118

Page 3698

Page 3699 →

✨ Financial Statements Notes

3698

NEW ZEALAND GAZETTE

No. 118

THE POWER COMPANY LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 1995

NOTE 1: COMMITMENTS

At 31 March 1995, the groups external commitments are estimated at $300,000, being -

Completion of Buildings $100,000
GIS Mapping System $200,000

NOTE 2: CONTINGENT LIABILITIES

There were no contingent liabilities at 31 March 1995.

NOTE 3: UNITED ELECTRICITY LIMITED

The Power Company’s 25% interest in United Electricity Limited is $1,971,925.00. Being an exclusively Energy Trading activity, this amount is excluded from these accounts.

NOTE 4: EVENTS SUBSEQUENT TO BALANCE DATE

Corporatisation - On 30 June 1995 The Power Company was corporatised in preparation for the transfer from Crown to private ownership. The settlement totalled $22M of which $10M was paid to the Crown on 30 June 1995, the remaining $12M is loaned by the Crown repayable by 30 June 1996.

Contracting Out - With effect from 30 June 1995 PowerNet Limited privatised its contracting workforce. Fixed Assets with a book value of $1,473,000 were sold to Contractors. The transfer of assets was funded from a Set Up Advance provided to Contracting Companies, totalling $840,000, repayable over a 3 year period. The remainder was due and is included within Trade Debtors.

PDF embedding disabled (Crown copyright)

View this page online at:

VUW Te Waharoa — NZ Gazette 1995, No 118

NZLII — NZ Gazette 1995, No 118

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for The Power Company Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Commitments, Contingent Liabilities, United Electricity Limited, Corporatisation, Contracting Out

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.