✨ Financial Statements
NEW ZEALAND GAZETTE
1 SEPTEMBER
2739
POWER NEW ZEALAND LIMITED
1995 Business Unit(s)
| Network | Other | |
|---|---|---|
| RETAINED EARNINGS | ||
| Opening Balance 1 April | (18) | 0 |
| Transfer upon Vesting | 22,443 | 36,632 |
| Dividends | (17,355) | (6,123) |
| Transferred from Statement of Financial Performance | 15,985 | 9,491 |
| 21,055 | 40,000 |
8 ACCOUNTS RECEIVABLE
| Network ($000) | Other ($000) | |
|---|---|---|
| Accounts Receivable - Trade | 0 | 28,209 |
| Other Receivables and Prepayments | 7,296 | 4,343 |
| 7,296 | 32,552 |
9 BANK LOAN
The loan is the current portion of bank loans (refer note 12).
| | 7 | 0 |
10 INVESTMENTS
| Network ($000) | Other ($000) | |
|---|---|---|
| Listed Shares | 21,438 | 0 |
| Associate Company | 888 | 0 |
| 22,326 | 0 |
The investment in listed shares had a market value at balance date of $23,171,000
The Movement in the Associate Company Balance is:
| Opening Balance 1 April | 571 |
| Share of Surplus of Pacific Energy | 317 |
| Closing Balance 31 March | 888 |
The principal activity of the associate company, Pacific Energy Limited, is the purchase and resale of bulk electricity in the wholesale electricity market.
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VUW Te Waharoa —
NZ Gazette 1995, No 91
NZLII —
NZ Gazette 1995, No 91
✨ LLM interpretation of page content
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Notes to and Forming Part of the Financial Statements for the Year Ended 31 March 1995
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Retained Earnings, Accounts Receivable, Bank Loan, Investments