β¨ Financial Notes and Investments
3348 NEW ZEALAND GAZETTE No. 138
Note 4 Inventories
| Network 1998 $000 | Energy & Other 1998 $000 | Network 1997 $000 | Energy & Other 1997 $000 | |
|---|---|---|---|---|
| Network Stock | - | 624 | ||
| Retail & Contracting Stock | - | 955 | - | 556 |
| Work in Progress | 7 | 13 | 2 | 13 |
| 7 | 968 | 626 | 569 |
Note 5 Assets
Included in Network Fixed Assets are Line Assets as at 31 March 1998 which were valued by KPMG Peat Marwick with an ODV of $28,891.701.
Note 6 Investments
The Disaster Reserve has been established to contribute towards the cost of a catastrophe on the line assets. The investments as at 31 March 1998 were:
| Network | Principal 1998 $000 | Principal 1997 $000 | Interest Rate | Maturity Date |
|---|---|---|---|---|
| CHB District Council | 60 | 60 | 7.7% | 01/06/99 |
| TransPower Finance Ltd | 31 | 31 | 8.0% | 15/03/02 |
| Housing New Zealand Limited | 30 | 30 | 8.0% | 15/03/02 |
| TCNZ Finance Limited | 30 | - | 9.0% | 15/04/02 |
| 151 | 121 |
Other Investments
Energy & Other
| Principal $000 | Interest Rate | |
|---|---|---|
| NBNZ | 200 | 9.26% |
| Countrywide Bank | 150 | 9.61% |
| EMCO Advance | 4 | 11.7% |
Total Investments:
| | 505 | 125 |
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1998, No 138
NZLII —
NZ Gazette 1998, No 138
β¨ LLM interpretation of page content
π°
Notes to the Financial Accounts for CHB Power Holdings Limited
(continued from previous page)
π° Finance & RevenueFinancial Accounts, Inventories, Assets, Investments, CHB Power Holdings Limited