Financial Statements




2266 NEW ZEALAND GAZETTE No. 82

ALPINE ENERGY LIMITED

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1995

(CONTINUED)

8. INVESTMENTS

8.1 Associate Companies

Associate companies include:

Interest Held Balance Date Principal Activity
United Electricity Limited 25% 30 June Energy Trading
Alpine Gas Limited 50% 31 March Sale of LPG Gas and Appliances

United Electricity Limited commenced energy trading on the Company’s distribution network on 1st February 1994, and Alpine Gas Limited commenced operations on 16th February 1994.

Interest in Associate Companies:

1995
$’000

Shares

  • United Electricity Limited 10
  • Alpine Gas Limited 5

Shareholder Loans

  • United Electricity Limited 2,039
  • Alpine Gas Limited 155

Total Shareholder Loans 2,194

Total Interest in Associate Companies 2,209

8.2 Mortgage Advances

38

8.3 Loan Secured by Debenture

2,419

Total Investments
4,666



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🏭 Alpine Energy Limited Financial Statements (continued from previous page)

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Financial Statements, Investments, Associate Companies, Mortgage Advances, Loan Secured by Debenture, Alpine Energy Limited