Financial Statements




9 AUGUST

NEW ZEALAND GAZETTE

2215

Wairarapa Electricity Limited and Subsidiary Companies

Notes to the Financial Statements

14) Contingent Liabilities

The following contingent liability has not been accrued in the financial statements as at 31 March 1996.

Line Business 1996 $000's Energy and Other Business 1996 $000's Line Business 1995 $000's Energy and Other Business 1995 $000's
Guarantee given to the New Zealand Stock Exchange by ANZ Banking Group (New Zealand) Limited on Wairarapa Electricity Limited’s behalf. 65 11 65 11

| Other contingent liabilities outstanding as at 31 March 1995 | - | - | - | 175 |

| Total Contingent Liabilities | 65 | 11 | 65 | 186 |

15) Share Capital

Line Business 1996 $000's Energy and Other Business 1996 $000's Line Business 1995 $000's Energy and Other Business 1995 $000's
Authorised capital
100,000,000 ordinary shares of 95 cents each n/a n/a n/a n/a

| Issued and paid up Capital | | | | |
| Balance at beginning of period (17,600,000 ordinary shares of 95 cents each) | 14,285 | 2,435 | 12,994 | 2,206 |

| Issue of Shares | - | - | 1,291 | 229 |

| Total Capital | 14,285 | 2,435 | 14,285 | 2,435 |



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🏭 Wairarapa Electricity Limited and Subsidiary Companies Notes to the Financial Statements (continued from previous page)

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Financial Statements, Contingent Liabilities, Share Capital