✨ Financial Statements
NEW ZEALAND GAZETTE
No. 126
BAY OF PLENTY ELECTRICITY LIMITED
Financial Statements for the purposes of
Electricity (Information Disclosure) Regulations 1994
Notes to the Financial Statements
for the 12 months ended 31 March 1997
| Network | Generation | Energy Trading | ||||
|---|---|---|---|---|---|---|
| 1997 | 1996 | 1997 | 1996 | 1997 | 1996 | |
| $000 | $000 | $000 | $000 | $000 | $000 |
16 Investments
Subsidiary
Subsidiary Company:
Kapuni Energy Limited
| Percent Interest |
|---|
| 100% |
| 0% |
The principal activity of Kapuni Energy Limited is the generation of electricity and steam through its 50% interest in Kapuni Energy Joint Venture. Kapuni Energy Limited has a balance date of 31 March.
Associate Company
Shares at Cost
Share of post-acquisition retained earnings an
Balance as at 31 March 1997
| 183 | |
| 183 | |
| 51 | |
| 124 | |
| 234 | |
| 307 |
Associate Company:
PowerBuy Group Limited
| Interest |
|---|
| 20% |
| 20% |
The principal activity of the associate, PowerBuy Group Limited, is the purchase and resale of bulk electricity in the wholesale electricity market. PowerBuy Group Limited has a balance date of 31 March.
Other investments
Listed Shares
(market value $2,220 1997, $1,980 1996)
EMCO Loan
| 1 |
| 1 |
| 25 |
| - |
| 26 |
| 1 |
Balance as at 31 March
| - |
| - |
| - |
| 260 |
| 308 |
Interest is receivable on the EMCO Loan at 11.7% per annum with the principal repayable by 30 September 2001.
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VUW Te Waharoa —
NZ Gazette 1997, No 126
NZLII —
NZ Gazette 1997, No 126
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Financial Statements for Bay of Plenty Electricity Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Investments, Subsidiary, Associate, Electricity Generation, Electricity Trading