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New Zealand Gazette – 1996 – No. 124

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✨ Financial Statements Notes

3116 No. 124

NEW ZEALAND GAZETTE

ENERGY AND OTHER BUSINESS ACTIVITIES - Notes to the Financial Statements Continued

Note 9 Deferred Shares

These shares are owned by the Ashburton District Council and have no rights as to:

a) Any distribution of dividends or rebates or

b) Exercise any vote except as provided in clause 3.11 and 3.14 of the Company’s Articles of Association.

c) Any distribution on a winding up of Company.

d) Any rights on amalgamation of the Company except as expressly provided in Articles 3.7 to 3.16 of the Company’s Articles of Association.

Note 10 Customer Rebate

Calculations for the rebate paid to each customer were based on the individual customer group’s contribution to the operating surplus and allocated according to the value of their electricity purchases for the financial year.

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VUW Te Waharoa — NZ Gazette 1996, No 124

NZLII — NZ Gazette 1996, No 124

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

✨ LLM interpretation of page content

🏭 Electricity Information Disclosure for Ashburton Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated13 August 1996
KeywordsElectricity, Information Disclosure, Ashburton Limited, Financial Statements, Deferred Shares, Customer Rebate

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