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New Zealand Gazette – 1997 – No. 91

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✨ Financial Statements

NEW ZEALAND GAZETTE

No. 91

Wairarapa Electricity Limited and Subsidiary Companies

Notes to the Financial Statements

12) Investment in Subsidiaries

Subsidiary Companies of Wairarapa Electricity Limited

Subsidiary Companies	Group Interest	Nature of Business
Dundalk Enterprises Limited	100%	Property Company
Pimlico Enterprises Limited	100%	Property Company
Glencalum Farms Limited	100%	Property Company
New Generation Company Limited	100%	Property Company

None of these Companies engage in activities which are part of the Line Business.

13) Contingent Liabilities

	Line Business	Energy and Other Business	Line Business	Energy and Other Business
	1997	1997	1996	1996
	000's	000's	000's	000's
Guarantee given to the New	-	-	65	11
Zealand Stock Exchange by ANZ
Banking Group (New Zealand)
Limited on Wairarapa Electricity
Limited's behalf.

| Other contingent liabilities | - | - | - | - |
| outstanding as at 31 March 1995 | | | | |

| Total Contingent Liabilities | - | - | 65 | 11 |

Wairarapa Electricity Limited has given a Guarantee for borrowings of the Parent Company and related Companies within the Group. The balance outstanding at 31 March 1997 is at $27,261,730

It is not practical to allocate this contingent liability to either the Line Business or Energy and Other Business.

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VUW Te Waharoa — NZ Gazette 1997, No 91

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✨ LLM interpretation of page content

🏭 Financial Statements for Wairarapa Electricity Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Wairarapa Electricity Limited, Subsidiary Companies, Contingent Liabilities

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