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New Zealand Gazette – 1998 – No. 142

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✨ Financial Statements

11 SEPTEMBER NEW ZEALAND GAZETTE 3455

Wairarapa Electricity Limited and Subsidiary Companies

Notes to the Financial Statements

13) 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.

14) Contingent Liabilities

	Line Business 1998 000's	Energy and Other Business 1998 000's	Line Business 1997 000's	Energy and Other Business 1997 000's
Performance Bonds	-	16	-	-

Total Contingent Liabilities	-	16	-	-

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 1998 is at $34,075,157 (1997 $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 1998, No 142

NZLII — NZ Gazette 1998, No 142

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Statements, Creditors, Borrowings, Wairarapa

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