✨ Corporate Financial Statements




4 SEPTEMBER NEW ZEALAND GAZETTE 2835

  1. Subsequent Events.

i) Reregistration under the Companies Act 1993

Taranaki Energy Limited and its subsidiaries, The Hawera Gas Company Limited and City Gas (Taranaki) Limited, were reregistered under the Companies Act 1993 as at the 6 June 1995. The directors have resolved to amalgamate the subsidiaries with the parent company from 1 July 1995.

ii) Repurchase of Shares

The directors have resolved to repurchase 10,074,627 shares at a value of $15,000,000 as at 30 June 1995, as part of a restructuring of the company's financial position as at that date.

iii) Powerco Limited

An announcement was made on April 26 1995 that the directors of Taranaki Energy Limited and Powerco Limited were discussing forming a closer relationship, possibly involving a merger.

Notes to and forming part of the Financial Statements for the year ended 31 March 1995



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🏭 Taranaki Energy Limited Statement of Financial Performance (continued from previous page)

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