✨ Financial Statements
NEW ZEALAND GAZETTE
No. 156
BAY OF PLENTY ELECTRICITY LIMITED
Special Purpose Financial Statements
Electricity (Information Disclosure) Regulations 1994
Notes to the Financial Statements
for the 12 Months ended 31 March 1998
| Network | Generation | Energy Trading | ||||
|---|---|---|---|---|---|---|
| 1998 | 1997 | 1998 | 1997 | 1998 | 1997 | |
| $000 | $000 | $000 | $000 | $000 | $000 |
17 Joint Venture
Summary of joint venture assets and liabilities included in parent and group financial statements:
Cash | - | - | 15 | - | - | -
Accounts Receivable | - | - | 562 | 451 | - | -
Work in Progress Fixed Assets | - | - | 18,582 | 872 | - | -
Accounts Payable | - | - | (707)| (509)| - | -
Net Assets as at 31 March | - | - | 18,452| 814 | - | -
Revenue Received | - | - | 592 | - | - | -
Expenses Paid | - | - | 766 | - | - | -
Joint Venture:
Kapuni Energy Joint Venture
| Percent Interest | Balance Date |
|---|---|
| 50% | 31 March |
The principal activity of the joint venture is the generation of electricity and steam. Kapuni Energy Joint Venture has a balance date of 31 March. The financial statements of Kapuni Energy Joint Venture have been audited.
18 Imputation Credit Account
| Group | |
|---|---|
| 1998 | |
| $000 |
Opening Balance | 1,179 | 3,090 |
Plus: Income Tax Paid | 3,000 | 2,638 |
Imputation Credits attached to dividends received | 6 | 51 |
Less: Imputation Credits attached to dividends paid | (2,511) | (4,181) |
Imputation Credits forfeited due to Shareholding change 17 July 1996 | - | (419) |
Balance as at 31 March | 1,674 | 1,179 |
Due to major shareholding changes on 17 July 1996, the balance of the Company's Imputation Credit Account on that date was forfeited.
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VUW Te Waharoa —
NZ Gazette 1998, No 156
NZLII —
NZ Gazette 1998, No 156
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Bay of Plenty Electricity Limited Financial Performance
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