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New Zealand Gazette – 1996 – No. 158

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✨ Financial Statements

MERCURY ENERGY LIMITED & SUBSIDIARIES

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1996 continued

18. INVESTMENTS continued

JOINT VENTURES

The company has interests in the following joint ventures:

	% Interest	Balance Date	Principal Activity
Rosedale / Greenmount	87.76	31 March	Energy Generation
Silverstream	46.50	31 March	Energy Generation
Southdown	50.00	31 March	Energy Generation

Ownership of and responsibility for the assets of the joint ventures are retained by the party contributing those assets. The net book value of the assets used by the joint ventures included in the financial statements of the company is as follows:

Rosedale/Greenmount $7.957 million
Silverstream $2.115 million
Southdown $31.287 million

The company's share of capital commitments for the purchase of joint venture fixed assets which have been included in the financial statements are $28.269 million.

The company's share of revenue and expenses of joint ventures which have been included in the financial statements are:

	Rosedale / Greenmount	Silverstream
Share of revenue	$2.518 million	$0.234 million
Share of expenses	$0.779 million	$0.081 million

The financial statements of the joint ventures are unaudited.

NEW ZEALAND GAZETTE

No. 158

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VUW Te Waharoa — NZ Gazette 1996, No 158

NZLII — NZ Gazette 1996, No 158

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

💰 Mercury Energy Financial Statements Notes (continued from previous page)

Domain💰 Finance & Revenue
KeywordsInvestments, Joint Ventures, Financial Statements, Mercury Energy

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