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New Zealand Gazette – 1997 – No. 117

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✨ Financial Statements

Mercury Energy Limited and Subsidiaries

Notes to and forming part of the financial statements for the year ended 31 March 1997 continued

18. INVESTMENTS continued

Joint Ventures

Generation Activities

The group has interests in the following joint ventures:

	% Interest	Balance Date	Principal Activity
Rosedale/Greenmount	87.4	31 March	Energy Generation
Silverstream	46.5	31 March	Energy Generation
Southdown	47.5	31 March	Energy Generation

Southdown started operations in December 1996.
Ownership of and responsibility for the assets of the Rosedale/Greenmount and Silverstream are retained by the party contributing those assets. The net book value of the assets used by the joint ventures included in the financial statements of the group is Generation Plant and Buildings $76.355 million (1996: $41.359 million)

The group's share of revenue and expenses of joint ventures which have been included in the financial statements are:

	Rosedale/Greenmount	Silverstream	Southdown
Share of revenue	2.589 million	0.544 million	8.940 million
Share of expenses	1.290 million	0.226 million	9.074 million

The financial statements of Rosedale/Greenmount and Silverstream are unaudited.

19. LONG TERM PREPAYMENTS

	1997 Other Activities	1996 Other Activities
	$000	$000
Deposits on fixed asset purchases	-	19,420
Forward energy supply contracts	4,801	6,567
	4,801	25,987

NEW ZEALAND GAZETTE
No. 117

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VUW Te Waharoa — NZ Gazette 1997, No 117

NZLII — NZ Gazette 1997, No 117

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏭 Mercury Energy Limited and Subsidiaries Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Investments, Joint Ventures, Long Term Prepayments, Mercury Energy Limited, 1997, 1996

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