New Zealand Gazette – 1996 – No. 121

Page 3044

✨ Financial Notes



NEW ZEALAND GAZETTE

No. 121

Lines Business

1996 $ 1995 $

Energy Business

1996 $ 1995 $

Note 9: Loan Liability (Non Current)

Closing Balance 24,900 24,900

The loan liability is secured over the revenue of the company. The loan is due within two years and is borrowed at an interest rate of 10.50%

Note 10: Wind Generation Project

SCANPOWER Limited is engaged in feasibility studies with regard to wind generation options within the distribution area of SCANPOWER. The directors are committed to the continuation of these studies.

Capitalised expenditure as at 31 March 1996:

Feasibility Studies 7,239 - - -
Total expenditure capitalised 7,239 - - -

Although results are promising at this stage, the outcome of this project is not certain. In the event this project is terminated, the amount disclosed as capitalised above will be written off in the Statement of Financial Performance of the Line Business.

Note 11: Capital Commitments and Contingent Liabilities

As at 31 March 1996, the company has no contingent liabilities (1994/95 also Nil).

SCANPOWER has not entered into any contracts to purchase or install equipment of a capital nature (1994/95 also Nil).

Note 12: Segment Information

SCANPOWER operates in one industry which is the supply and distribution of electricity. All of SCANPOWER's operations are carried out in New Zealand

Note 13: Related Party Information

All transactions with related parties are made under normal terms and conditions of supply and sale. No related party debts were forgiven or written off during the year.

Note 14: Financial Instruments

The company has no off balance sheet financing, nor any foreign exchange exposure. All financial instruments are carried at fair value and take into account the company’s maximum exposure to credit risk.

Concentrations of credit risk with respect to receivables are limited due to a large customer base to whom the company supplies services.



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✨ LLM interpretation of page content

🏭 Financial Performance Measures for Scanpower Limited (continued from previous page)

🏭 Trade, Customs & Industry
Accounting Policies, Fixed Assets, Investments, Depreciation, Taxation, Employee Entitlements, Financial Instruments, Other Income, Taxation Reconciliation, Retained Earnings, Reserves, Accounts Receivable, Inventories, Loan Liability, Wind Generation Project, Capital Commitments, Contingent Liabilities, Segment Information, Related Party Information