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New Zealand Gazette – 1998 – No. 138

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✨ Financial Notes

3352 NEW ZEALAND GAZETTE No. 138

Note 9 Contingent Liabilities

As at 31 March 1998 there is a Contingent Liabilities of $20,000 (1997 nil)

Note 10 Capital Commitments

As at 31 March 1998 there are no Capital Commitments (1997 nil).

Note 11 Operating Leases

Lease commitments in aggregate as at 31 March 1998 are classified in the following period:

	$	$
Up to one year	73,660	93,173
Up to two years	71,656	87,895
Two to Five years	76,700	163,805
Five years and over	-	-

Note 12 Capital Contributions

There were no capital contributions (1997 $3,050) for the accounting period. They are recognised when received.

Note 13 Related Party Transactions

During the year Mr J L Armstrong, a director, a partner of the legal firm Davidson, Armstrong and Campbell provided legal services of $6,518 (1997 $4,850) to the Company.

During the year Mr G A J Knobloch, a director, provided accounting services of $2,166 (1997 $3,430) to the Company.

There were no other related party transactions.

Note 14 Financial Instruments

CHB Power Holdings Limited has entered into electricity price hedges which establish a fixed price for a significant percentage of its estimated electricity needs.

Credit Risk:
Electricity price hedge exposure is on any potential difference between the spot

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VUW Te Waharoa — NZ Gazette 1998, No 138

NZLII — NZ Gazette 1998, No 138

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✨ LLM interpretation of page content

💰 Contingent Liabilities

Domain💰 Finance & Revenue
KeywordsContingent Liabilities, Financial Report

💰 Capital Commitments

Domain💰 Finance & Revenue
KeywordsCapital Commitments, Financial Report

💰 Operating Leases

Domain💰 Finance & Revenue
KeywordsLease Commitments, Financial Report

💰 Capital Contributions

Domain💰 Finance & Revenue
KeywordsCapital Contributions, Financial Report

💰 Related Party Transactions

Domain💰 Finance & Revenue
KeywordsRelated Party Transactions, Legal Services, Accounting Services
👱🏽 Names

J L Armstrong (Mr), Director and legal services provider
G A J Knobloch (Mr), Director and accounting services provider

💰 Financial Instruments

Domain💰 Finance & Revenue
KeywordsElectricity Price Hedges, Credit Risk

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Additional Sources

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