✨ Financial Statements
2268 No. 82
NEW ZEALAND GAZETTE
ALPINE ENERGY LIMITED
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1995
(CONTINUED)
13. FINANCIAL INSTRUMENTS
13.1 Concentration of Credit Risk
Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and accounts receivable. The maximum credit risk is the book value of these financial instruments however, the Company considers the risk of non recovery of these amounts to be minimal.
The Company places its cash and bank deposits with high credit quality financial institutions and limits the amount of credit exposure to any one financial institution.
The Company continually evaluates and monitors the credit quality of its customers.
13.2 Fair Value
The carrying value of cash and liquid deposits, accounts receivable, accounts payable, dividends payable and investments is equivalent to their fair value.
14. RELATED PARTY TRANSACTIONS
All transactions between the Company and its Shareholder District Councils have been conducted on a commercial basis. Charges between the parties are made for services provided as part of the normal trading activities of the Company, and as such have been incorporated into the operating costs and revenues of the Company.
| 1995 $ | |
|---|---|
| Revenues from Shareholder District Councils - Contracting Activities | 725 |
| Payments to Shareholder District Councils - Rates, Rents, Interest | 428 |
| - Repayment of Loans | 1,539 |
Trading balances due from and to Shareholder District Councils are shown in notes 6 and 7.
Transactions with Associate Companies include charges to United Electricity Limited for use of the Company’s network system, and use of Trans Power’s transmission system.
| 1995 $ | |
|---|---|
| Revenue from Associates | 13,164 |
| Payments to Associates | 167 |
Trading balances due from and to Associates, and loans to Associates are shown in notes 6, 7 and 8.
No related party debts have been written off or forgiven during the year.
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VUW Te Waharoa —
NZ Gazette 1995, No 82
NZLII —
NZ Gazette 1995, No 82
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Alpine Energy Limited Financial Statements
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🏭 Trade, Customs & IndustryFinancial Statements, Credit Risk, Fair Value, Related Party Transactions, Alpine Energy Limited