New Zealand Gazette – 1997 – No. 100

Page 2361

✨ Financial Statements

22 AUGUST NEW ZEALAND GAZETTE 2361

NOTE 10 :INVESTMENTS

LINE BUSINESS $'000	ENERGY BUSINESS $'000	GENERATION BUSINESS $'000
		26,629
1	-	-
-----------------------	----------------------	-------------------------
1	-	26,629

Ownership in Kaimai Hydropower
Shares in other Companies

LINE BUSINESS $'000	ENERGY BUSINESS $'000	GENERATION BUSINESS $'000
		15,000
-	-	11,629
-----------------------	----------------------	-------------------------
-	-	26,629

Ownership in Kaimai Hydropower

Loan Liability
Corporate Ownership

Kaimai Hydropower:
Total Assets 54,813

Net Surplus/(Deficit) For Period ...

An application has been made to the High Court by the Tauranga District Council a partner in Kaimai Hydropower for a Declaratory Judgement in respect of the deed that governs the operation of the scheme. It is not believed that the outcome of the case will result in any material change in the rights and obligations of TrustPower Limited under the deed.

The Tauranga District Council’s representatives have however refused to sign the financial statements of Kaimai Hydropower and therefore the Partnership’s auditors have been unable to issue an audit opinion. The Partnership’s auditors have indicated that it is only the lack of signature on the Statement of Financial Position by both parties that prevents the issue of an unqualified audit opinion.

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VUW Te Waharoa — NZ Gazette 1997, No 100

NZLII — NZ Gazette 1997, No 100

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✨ LLM interpretation of page content

🏭 TrustPower Limited Financial Position Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated1 August 1997
KeywordsFinancial Statements, Investments, Kaimai Hydropower, Loan Liability, Corporate Ownership, High Court, Declaratory Judgement, Tauranga District Council

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