✨ Financial Statements Related Parties




2958 NEW ZEALAND GAZETTE No. 117

14. RELATED PARTIES

In accordance with Section 44(5)(f)(i) of the Energy Companies Act 1992, we disclose details of all transactions entered into between Egmont Electricity Limited and its local authority Shareholder, the South Taranaki District Council.

Electricity Sales attributable to Energy Trading made to the South Taranaki District Council for the twelve months ended 31 March 1996:

$97,140 (1995 - $35,793)

Value of work done on behalf of Generation on the Patea Dam Reserve for the South Taranaki District Council for the twelve months ended 31 March 1996:

$10,274 (1995 - $11,052)

Rates and other costs paid to the South Taranaki District Council for the twelve months ended 31 March 1996:

Generation

$97,625 (1995 - $166,517)

Lines

$44,246 (1995 - $29,566)

Intercompany Balances

As at 31/3/96 As at 31/3/95
$000 $000
Owing by South Taranaki District Council 12 21
Owing to South Taranaki District Council 0 13
$12 $8


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🏭 Notes to the Financial Statements for Egmont Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Credit Risk, Financial Instruments, Fair Values, Term Liabilities, Egmont Electricity Limited, Related Parties, Electricity Sales, Rates, Intercompany Balances, South Taranaki District Council