β¨ Financial Instruments Report
NEW ZEALAND GAZETTE
No. 127
| Lines Business | | Energy Business |
| -------------- | | --------------- |
| 1998 | 1997 | | 1998 | 1997 |
| $ | $ | | $ | $
Note 15: Financial Instruments (contd.)
the hedge price. SCANPOWER does not anticipate any non-performance of any obligations which may exist on maturity of these agreements.
Fair Value - Electricity price hedging contracts
The fair value of electricity price hedging contracts can vary from day to day as the spot market price for electricity varies. As at balance date the secondary market for electricity price hedging contracts was not sufficiently active in order to obtain a reliable measure of the fair value of SCANPOWER hedging contracts. On maturity of these agreements there is potentially an asset or liability in relation to the electricity price hedges which has not been recognised in the financial statements. As at balance date the contract amount of the electricity hedging activity amounted to $19,971,597 covering the period from October 1996 to September 2001, (1996-7 - 12,749,412, 1995-6 - NIL).
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VUW Te Waharoa —
NZ Gazette 1998, No 127
NZLII —
NZ Gazette 1998, No 127
β¨ LLM interpretation of page content
π
Note 15: Financial Instruments
(continued from previous page)
π Trade, Customs & IndustryFinancial Instruments, Credit Risk, Electricity Price Hedging, Scanpower Limited