✨ Financial Report Investments




28 SEPTEMBER

19. INVESTMENTS

Other Activities

1998 1997
$'000 $'000
Other investments 35,320 258,551
35,320 258,551

Market value of shares listed on the Stock Exchange | 46,275 | 404,694 |

Joint Ventures

Generation Activities

The group has interests in the following joint ventures:

Joint Venture % Interest Balance Date Principal Activity
Rosedale/Greenmount 87.4 31 March Energy Generation
Silverstream 46.5 31 March Energy Generation
Southdown 47.5 31 March Energy Generation

Ownership of and responsibility for the assets of the Rosedale/Greenmount and Silverstream are retained by the party contributing those assets.

The group's share of revenue and expenses, assets and liabilities of joint ventures which have been included in the financial statements are:

Rosedale/Greenmount Silverstream Southdown
1998 1997 1998 1997 1998 1997
$'000 $'000 $'000 $'000 $'000 $'000
Share of revenue 2,918 2,589 964 544 29,745 8,940
Share of expenses 1,861 1,290 955 226 29,598 9,074
Share of assets 2,349 2,489 72,563 70,963
Share of liabilities 2,335 2,489 62,882 71,113

The financial statements of Rosedale/Greenmount are unaudited.

NEW ZEALAND GAZETTE



Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa PDF NZ Gazette 1998, No 160


NZLII PDF NZ Gazette 1998, No 160





✨ LLM interpretation of page content

πŸ’° Investments in Associates Report (continued from previous page)

πŸ’° Finance & Revenue
Investments, Associates, Financial Report, Power New Zealand, Transfield Utility Services