✨ Financial Statements




9 SEPTEMBER NEW ZEALAND GAZETTE 2851

Notes to and Forming Part of the Financial Statements

For the Year Ended 31 March 1997

7 INVESTMENTS IN ASSOCIATES

1997 1996
$000 $000
- at cost 181 591
- equity share of retained earnings 61 37
$242 $627

The associate company is Energy Brokers New Zealand Limited (41% shareholding)

8 OTHER INVESTMENTS

1997 1996
$000 $000
CentralPower Limited (at cost) 14,691 17,618
Trustpower Limited (at cost) - 1,780
Other Investments (at cost) 187 187
Other Advances 359 -
$15,237 $19,585

The market value of the investment in CentralPower Limited as at 31 March 1997 is $17,204,610 based on a share price of $3.05 per share.



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✨ LLM interpretation of page content

🏭 Powerco Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
31 March 1997
Investments, Associates, Energy Brokers New Zealand Limited, CentralPower Limited, Trustpower Limited, Financial Statements