New Zealand Gazette – 1995 – No. 89

Page 2567

✨ Financial Statements



30 AUGUST NEW ZEALAND GAZETTE 2567

Electro Power Limited

Line Business

Notes To And Forming Part Of The Financial Statements

For The Year Ended 31 March 1995

                                1995
                                $'000

9 LONG TERM LIABILITIES

Fixed term loans with Bank of New Zealand Limited 6,500

Schedule of maturities:
Due 2 to 3 years 3,000
Due 4 to 5 years 3,500
6,500

Interest rates on term liabilities are:
Bank term loans 7.78 - 8.11%

10 CONTINGENT LIABILITIES

There were no significant contingent liabilities as at 31 March 1995.

11 CAPITAL COMMITMENTS

As at 31 March 1995 there were outstanding capital commitments of $291,000 in relation to the refurbishment of the corporate head office.

12 SEGMENTAL REPORTING

Electro Power Limited operates predominantly in one industry, the supply and distribution of electricity. All operations are carried out within New Zealand, and are therefore within one geographical segment for reporting purposes.

13 FINANCIAL INSTRUMENTS

(a) Nature of activities and management policies with respect to financial instruments

(i) Credit

In the normal course of business the Company incurs credit risk from trade debtors and financial institutions. There are no significant concentrations of credit risk. The Company has a credit policy which is used to manage this exposure to credit risk. As part of this policy limits on exposures have been set and are monitored on a regular basis.



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🏭 Financial Statement Disclosure for Electro Power Limited (continued from previous page)

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Electricity, Financial Statements, Information Disclosure, Line Business, Accounting Policies