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New Zealand Gazette – 1996 – No. 158

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✨ Financial Statements Notes

MERCURY ENERGY

MERCURY ENERGY LIMITED & SUBSIDIARIES

30 OCTOBER

NEW ZEALAND GAZETTE

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1996 continued

22. FINANCIAL INSTRUMENTS continued

Fair Values

The following methods and assumptions were used to estimate the fair value of each class of financial instrument:

Accounts receivable, bank balances, money market deposits, accounts payable, short term liabilities, long term liabilities, share investments.

The carrying amount is the fair value for each of these classes of financial instrument.

Foreign currency forward exchange contracts

The fair value of this class of financial instrument is based on the quoted market price of comparable instruments.

	1996			1995
	Line	Electricity Retailing	Other	Total	Restated (Unaudited)	Line
	Activities	Activities	Activities	Activities	Line Activities	Activities
	Carrying Amount	Carrying Amount	Carrying Amount	Carrying Amount	Carrying Amount	Carrying Amount
	$'000	$'000	$'000	$'000	$'000	$'000
Bank balances	575	30	1,318	1,923	257	687
Accounts receivable	-	41,796	6,452	48,248	15,778	15,778
Accounts payable	16,459	25,556	8,960	50,975	18,996	18,996
Short term liabilities	-	-	1,000	1,000	-	-
Long term liabilities	-	-	317,805	317,805	-	-
Share investments	-	-	210,372	210,372	-	-

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VUW Te Waharoa — NZ Gazette 1996, No 158

NZLII — NZ Gazette 1996, No 158

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✨ LLM interpretation of page content

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

Domain💰 Finance & Revenue
KeywordsFinancial Instruments, Fair Values, Bank Balances, Accounts Receivable, Accounts Payable, Short Term Liabilities, Long Term Liabilities, Share Investments, Foreign Currency Forward Exchange Contracts, Mercury Energy

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