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New Zealand Gazette – 1997 – No. 117

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✨ Financial Statements

Mercury Energy Logo

MercuryEnergy

Mercury Energy Limited and Subsidiaries

8 SEPTEMBER

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

25. REMUNERATION OF EMPLOYEES ($) continued

The above remuneration includes termination payments for 3 employees as follows:

120,001 - 130,000 ... 1
130,001 - 140,000 ... 1
140,001 - 150,000 ... 1

26. TRANSACTIONS WITH RELATED PARTIES

During the year Mercury Energy Limited had the following transactions with the Auckland Energy Consumer Trust, which is the majority shareholder of Mercury Energy Limited:

Payment of dividends $49 million.

No related party debts have been written off or forgiven during the year. All transactions for subsidiary companies, Mercury Geotherm Ltd and MEL Southdown Ltd, are financed by Mercury Energy Ltd.

The intercompany receivables are disclosed in note 17.

27. SEGMENT INFORMATION

The company operates in the electricity supply, generation and distribution business. All operations are carried out within New Zealand.

NEW ZEALAND GAZETTE

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VUW Te Waharoa — NZ Gazette 1997, No 117

NZLII — NZ Gazette 1997, No 117

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✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Employee Remuneration, Related Party Transactions, Segment Information, 1997

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