β¨ 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
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VUW Te Waharoa —
NZ Gazette 1998, No 160
NZLII —
NZ Gazette 1998, No 160
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Investments in Associates Report
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π° Finance & RevenueInvestments, Associates, Financial Report, Power New Zealand, Transfield Utility Services