New Zealand Gazette – 1996 – No. 158

Page 4196

✨ Financial Statements Notes

MERCURY ENERGY

MERCURY ENERGY LIMITED & SUBSIDIARIES

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

24. CONTINGENT LIABILITIES

	1996 Other Activities $'000	1995 Other Activities $'000
Performance Bonds	74	57

25. TRANSACTIONS WITH RELATED PARTIES

During the year Mercury Energy Limited had the following transactions with the Auckland Energy Consumer Trust, which is the majority shareholder of Mercury Energy Limited:

Payment of dividends ... $29 million.

No related party debts have been written off or forgiven during the year.

All transactions for subsidiary companies, Mercury Geotherm Ltd and MEL Southdown Ltd, are financed by Mercury Energy Limited. The intercompany receivables are disclosed in note 17.

26. SEGMENT INFORMATION

The company operates in the electricity supply, generation and distribution business.
All operations are carried out within New Zealand.

THE NEW ZEALAND GAZETTE
No. 158
4196

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VUW Te Waharoa — NZ Gazette 1996, No 158

NZLII — NZ Gazette 1996, No 158

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

Domain💰 Finance & Revenue
KeywordsContingent Liabilities, Related Party Transactions, Segment Information, Mercury Energy

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