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New Zealand Gazette – 1995 – No. 91

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✨ Financial Statements

2786
NEW ZEALAND GAZETTE
No. 91

TRUSTPOWER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1995

NOTE 9 :INVESTMENTS

LINE	$'000
OWNERSHIP IN KAIMAI HYDROPOWER	-
OTHER	850
	850

ENERGY	$'000
	27,129
	150
	27,279

(i)OWNERSHIP IN KAIMAI HYDROPOWER

LINE	$'000
LOAN LIABILITY	-
CORPORATE OWNERSHIP	-
	-

ENERGY	$'000
	15,500
	11,629
	27,129

KAIMAI HYDROPOWER:
TOTAL ASSETS

57,215

AN APPLICATION HAS BEEN MADE TO THE HIGH COURT BY THE TAURANGA DISTRICT COUNCIL A PARTNER IN KAIMAI HYDROPOWER FOR A DECLARATORY JUDGEMENT IN RESPECT OF THE DEED THAT GOVERNS THE OPERATION OF THE SCHEME.
IT IS NOT BELIEVED THAT THE OUTCOME OF THE CASE WILL RESULT IN ANY MATERIAL CHANGE IN THE RIGHTS AND OBLIGATIONS OF TRUSTPOWER LIMITED UNDER THE DEED.
THE TAURANGA DISTRICT COUNCIL'S REPRESENTATIVES HAVE HOWEVER REFUSED TO SIGN THE FINANCIAL STATEMENTS OF KAIMAI HYDROPOWER AND THEREFORE THE PARTNERSHIP'S AUDITORS HAVE BEEN UNABLE TO ISSUE AN AUDIT CERTIFICATE.THE PARTNERSHIPS' AUDITORS HAVE INDICATED THAT IT IS ONLY THE LACK OF SIGNATURE ON THE BALANCE SHEET BY BOTH PARTNERS THAT PREVENTS THE ISSUE OF AN UNQUALIFIED AUDIT OPINION.

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VUW Te Waharoa — NZ Gazette 1995, No 91

NZLII — NZ Gazette 1995, No 91

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✨ LLM interpretation of page content

🏭 TrustPower Limited Financial Performance Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance, Revenue, Income Tax, Operating Surplus, Depreciation, Interest, Directors Fees, TrustPower

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