✨ Financial Statements Notes




29 NOVEMBER NEW ZEALAND GAZETTE 4571

                TRANS POWER NEW ZEALAND LIMITED GROUP

                NOTES TO THE FINANCIAL STATEMENTS

                FOR THE YEAR ENDED 30 JUNE 1996
  1. SUBSIDIARY AND ASSOCIATE COMPANIES (cont.)

All subsidiaries are direct subsidiaries of Trans Power New Zealand Limited except for Oteranga Bay Limited and Haywards Limited which are wholly owned by Fighting Bay Finance Limited.

The principal activity of all the subsidiaries is financing. The principal activity for the associate company is the provision of services to the participants in the wholesale electricity market. The balance date for the associate and subsidiary companies is the same as the Parent Company.

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

🏭 Trade, Customs & Industry
5 November 1996
Financial Instruments, Forward Rate Agreements, Cross Currency Interest Rate Swaps, Lease Transactions, Subsidiary Companies, Associate Companies