✨ Financial Statements Notes




26 NOVEMBER NEW ZEALAND GAZETTE 3927

TRANSPOWER NEW ZEALAND LIMITED GROUP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1997

21. SUBSIDIARY AND ASSOCIATE COMPANIES

As at balance date the subsidiary and associate companies of Transpower are as follows:

Subsidiaries Holding
Fighting Bay Finance Limited 100%
Haywards Limited 100%
Oteranga Bay Limited 100%
Hororata Enterprises Limited 100%
Whakamaru Holdings Limited 100%
Transpower Finance Limited 100%
Transpower Land Holdings Limited (non-trading) 100%
Omakau Training Limited (non-trading) 100%

Associate Company

Associate Company Holding
Electricity Market Company and subsidiaries 33%

All subsidiaries are direct subsidiaries of Transpower except for Oteranga Bay Limited and Haywards Limited which are wholly owned by Fighting Bay Finance Limited.

The principal activity of all the trading subsidiaries is financing. The principal activity for the associate company is the provision of services to the participants in the wholesale electricity market. The balance date for the associate and subsidiary companies is the same for all companies in the Group.



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

🏭 Trade, Customs & Industry
Financial Instruments, Fair Value, Cross Currency Interest Rate Swaps, Foreign Exchange Forward Contracts, Interest Rate Swaps, Forward Rate Agreements, Interest Rate Options, Foreign Currency Options, Subsidiary Companies, Associate Companies, Transpower New Zealand Limited