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New Zealand Gazette – 1997 – No. 165

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✨ Financial Statements

3910

NEW ZEALAND GAZETTE

No. 165

TRANSPower NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1997

CURRENT ASSETS

	1997	1996
Cash and bank	-	394
Short term investments	1,685	141,684
Trade receivables	80,487	58,259
Other receivables	554	386
Stocks of materials	18,111	25,234
Prepayments	1,993	1,485
Total Current Assets	102,830	227,442

Related Party Transactions

Included in trade receivables:


ECNZ Group	19,380	11,402
Contact Energy	12,527	1,693
BCL	93	-
Transpower Group associate	6,504	-
	38,504	13,095

INVESTMENTS


Investment in Transpower Group associate	4,672	3,860
Shares in listed companies	9	9
Total Investments	4,681	3,869

Investment in associate company comprises:


Ordinary shares at cost	778	668
Accumulated share of post acquisition retained earnings	(613)	(498)
	165	170
Advances to associate company	4,507	3,690
	4,672	3,860

For the year ended 30 June 1997 the Group has recognised a loss of $115,000 being the final share of the associate’s post tax deficit for the year ended 30 June 1996 (1996: post tax deficit of $498,000).

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VUW Te Waharoa — NZ Gazette 1997, No 165

NZLII — NZ Gazette 1997, No 165

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsTaxation, Financial Statements, Transpower New Zealand Limited, Earnings, Tax Expense, Deferred Tax, Imputation Credits

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