✨ Financial Statements




4558 NEW ZEALAND GAZETTE No. 173

TRANS POWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1996

  1. CURRENT ASSETS (cont.)

Related Party Transactions

Included in trade receivables:

30 June 1996 30 June 1995
$000 $000
ECNZ Group 11,402 12,473
Contact Energy 1,693 -
Total 13,095 12,473
  1. INVESTMENTS
30 June 1996 30 June 1995
$000 $000
Investment in associate company 3,860 2,791
Shares in listed companies 9 9
Total Investments 3,869 2,800

Investment in associate company comprises:

30 June 1996 30 June 1995
$000 $000
Ordinary shares at cost 668 301
Share of post acquisition losses for the year (498) -
170 301
Advances to associate company 3,690 2,490
3,860 2,791

For the year ended 30 June 1996, there is no tax expense/benefit recognised in the financial statements of the associate company, the Electricity Market Company Limited (EMCO). No dividends have been received from EMCO.

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Trans Power New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
5 November 1996
Financial Statements, Related Party Transactions, Investments, Trade Receivables, Associate Company, Trans Power New Zealand Limited