β¨ 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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VUW Te Waharoa —
NZ Gazette 1997, No 120
NZLII —
NZ Gazette 1997, No 120
β¨ LLM interpretation of page content
π
Powerco Limited Financial Statements
(continued from previous page)
π Trade, Customs & Industry31 March 1997
Investments, Associates, Energy Brokers New Zealand Limited, CentralPower Limited, Trustpower Limited, Financial Statements