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New Zealand Gazette – 1998 – No. 146

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✨ Financial Statements Notes

16 SEPTEMBER

NEW ZEALAND GAZETTE

TRUSTPOWER LIMITED AND SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 1998

NOTE 15 : OPERATING LEASES

Analysis of non-cancellable operating lease commitments:
Not later than one year 87
Between one and two years 34
Between two and five years -
Later than five years -
121

NOTE 16 : CAPITAL COMMITMENTS

Estimated capital expenditure
contracted for at balance date but
not provided for :

NOTE 17 : CONTINGENT LIABILITIES

The following contingent liabilities have not been provided for in the financial statements:

(i) Letter of Credit

In order to satisfy the prudential security
requirements of the Electricity Market Company
Limited, Westpac Bank has issued a letter of
credit on behalf of the company.

(ii) Redemption of Convertible Notes

The convertible notes issued can be redeemed at
a premium for cash under certain circumstances.
Maximum contingent liability :

(iii) Waitangi Tribunal Claim

The Wairoa River and catchment area in which Kaimai Hydropower operates and the Rangitaiki and Wheao Rivers in which the Wheao Scheme operates are the subject of a claim against the Crown to be heard by the Waitangi Tribunal. The likely effect of the outcome of these claims is not able to be quantified.

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VUW Te Waharoa — NZ Gazette 1998, No 146

NZLII — NZ Gazette 1998, No 146

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

🏭 Notes to the Financial Statements for TrustPower Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Leases, Capital Commitments, Contingent Liabilities, TrustPower Limited

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