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New Zealand Gazette – 1996 – No. 151

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✨ Financial Report

18 OCTOBER

NEW ZEALAND GAZETTE

4025

CHB Power Holdings Limited Logo After Hours Faults ... 06 - 858 8101

CHB POWER

HOLDINGS LIMITED

PO Box 59, Waipukurau
Telephone : 06 - 858 8100
Facsimile: 06 - 858 7087

Note 11 Contingent Liabilities

As at 31 March 1996 there are no material Contingent Liabilities (1995 nil)

Note 12 Capital Commitments

As at 31 March 1996 a total Capital Commitment of $37,046 (1995 $299,000) had been made.

Note 13 Operating Leases

Lease commitments in aggregate as at 31 March 1996 are classified in the following period:

Up to One year $84,973
Up to Two years $80,750
Two to Five years $216,777
Five years and over $12,403

Note 14 Capital Contributions

There were capital contributions of $33,535 (1995 nil) for the accounting period. They are recognised when received.

Note 15 Related Party Transactions

Mr J.L. Armstrong, a Director of CHP Power Holdings Limited is a partner of a legal firm which provided services to the Company. The total legal fees in respect of that legal firm were $8,612 (1995 $8,456)

In addition, Mr G A.J. Knobloch, a Director of CHP Power Holdings Limited, provided accounting services to the Company. The total accountancy fees in respect of Mr Knobloch's accounting practice were $11,934 (1995 $2,330)

There were no other related party transactions.

Note 16 Financial Instruments

The Company has no off-balance sheet financing.
The Company has no foreign exchange exposure.
The Company is not exposed to any concentrations of credit risk.
The Company has provided the following financial guarantee:

A guarantee of the contract between Pacific Energy and the Electricity Corporation of New Zealand Limited to the level of the expected share of CHB Power Holdings Limited's purchases.

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VUW Te Waharoa — NZ Gazette 1996, No 151

NZLII — NZ Gazette 1996, No 151

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

✨ LLM interpretation of page content

💰 CHBPOWER Holdings Limited Financial Notes (continued from previous page)

Domain💰 Finance & Revenue
KeywordsContingent Liabilities, Capital Commitments, Operating Leases, Capital Contributions, Related Party Transactions, Financial Instruments
👱🏽 Names

J. L. Armstrong (Director), Partner of a legal firm providing services to the company
G. A. J. Knobloch (Director), Provided accounting services to the company

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