New Zealand Gazette – 1996 – No. 119

Page 3002

✨ Financial Statements

3002 NEW ZEALAND GAZETTE

EnergyDirect Corporation Limited

ELECTRICITY BUSINESS

Note 6: Investments

	1996 Energy $000	1995 Energy $000
	Year to 31/3/96	Year to 31/3/95
Movement in investment in Pacific Energy Limited
Opening balance	443	293
Additional post-incorporation loss	-	(25)
Further share capital invested	250	18
Share of profit for the year	2,507	157
Dividend received	(1,250)	-
Closing balance	1,950	443

Net assets comprise:

	1996 Energy $000	1995 Energy $000
Gross assets	29,600	29,931
Gross liabilities	(21,798)	(28,158)
Net assets	7,802	1,773
The Corporation's 25% share	1,950	443

The amount of $1,950,000 (1995 $443,000) relates to the Corporation's investment in Pacific Energy Limited, a joint venture company in which the Corporation has a 25 per cent shareholding. The principal activities of this associate company are the purchasing of electricity on behalf of its customers at the wholesale level, providing value added services at the retail level and investigating potential generation opportunities. The investment is allocated to the energy business activities of EnergyDirect Corporation.

Note 7: Interest In Joint Venture

	1996 Energy $000	1995 Energy $000
Fixed Assets (Note 5)	2,653	2,626
Current Assets	24	14
Current Liabilities	5	6

The Corporation has a 46.5% interest in a landfill gas joint venture, whose principal activity is the generation of electricity from extraction of methane gases from the Silverstream landfill near Upper Hutt. The generation plant has an output of less than 10 megawatts and in compliance with the Electricity (Information Disclosure) Regulations 1994 is included within the Energy business activities of EnergyDirect.

Generation of electricity commenced in October 1994.

The Corporation's interest in the joint venture is included in the accounts under the classifications shown below.

PDF embedding disabled (Crown copyright)

View this page online at:

VUW Te Waharoa — NZ Gazette 1996, No 119

NZLII — NZ Gazette 1996, No 119

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Statement of Financial Position of EnergyDirect Corporation Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Investments, Joint Ventures, Pacific Energy Limited, Landfill Gas, Electricity Generation

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.