New Zealand Gazette – 1996 – No. 105

Page 2707

✨ Financial Commitments and Transactions

4 SEPTEMBER NEW ZEALAND GAZETTE 2707
Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1996 Page 8

8 COMMITMENTS

CAPITAL COMMITMENTS

At balance date, estimated expenditure contracted for and approved by the Company totaled $986,000 (1995: $3.442 million).

9 TRANSACTIONS

with related parties

During the year Horowhenua Energy Limited purchased construction and maintenance services from a subsidiary, Linework Limited, to an amount of $2.63 million (1995: $2.77 million).

During the year the Company purchased all it’s electricity requirements through PowerBuy Limited, an associate company. Total purchases for the year amounted to $16.03 million. In addition, a management fee of $47,310 was paid to PowerBuy Limited.

No related party debts have been written off or forgiven during the year.

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VUW Te Waharoa — NZ Gazette 1996, No 105

NZLII — NZ Gazette 1996, No 105

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✨ LLM interpretation of page content

💰 Horowhenua Energy Limited Line and Energy Businesses - Annual Report 1996 (continued from previous page)

Domain💰 Finance & Revenue
Dated26 August 1996
KeywordsFinancial statements, audit, certification, Horowhenua Energy Limited

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