New Zealand Gazette – 1996 – No. 110

Page 2813

✨ Financial Statements

9 SEPTEMBER NEW ZEALAND GAZETTE 2813

The following methods and assumptions were used to estimate the fair value of each class of financial instrument: bank balances, short term deposits and receivables.

The carrying amount is the fair value for each of these classes of financial instrument.

Segment Information:

Northpower Ltd operates predominantly in the electricity supply industry within the Northland area.

Northpower is also involved in generation and contracting, but neither activity is considered significant.

Contingent Liabilities:

There are no contingent liabilities.

Commitments:

	Line Business		Energy Business
	This Year $	Last Year $	This Year $	Last Year $
Estimated capital commitments contracted for at balance date	541,000	600,000	-	2,700,000

The commitments relate to building alterations.

Related Parties:

The Northpower Electric Power Trust is the sole shareholder. Other than dividend payment, there are no related transactions.

Term Receivables:

The Term Receivables are repaid in annual amounts expiring in 2003. Interest of 9.2% is charged on the annual balance owing.

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VUW Te Waharoa — NZ Gazette 1996, No 110

NZLII — NZ Gazette 1996, No 110

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Financial Statements Disclosure by Northpower Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Statements, Fair Value, Segment Information, Contingent Liabilities, Commitments, Related Parties, Term Receivables

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