New Zealand Gazette – 1998 – No. 160

Page 3861

✨ Financial Transactions and Segment Information

TRANSACTIONS WITH RELATED PARTIES

During the year Mercury Energy Limited had the following transactions with the Auckland Energy Consumer Trust (AECT), which is the majority shareholder of Mercury Energy Limited:

	1998 $000	1997 $000
Advance to AECT:	1,000	-

During the year the Mercury Energy Group entered into the following transactions with Power New Zealand Limited:

	1998 $000	1997 $000
Gross dividend received	15,711	-
Payments for goods and services	1,340	-
Sale of electricity	1,081	-
Receipts for goods and services	124	-
Directors fees received	19	-

During the year Mercury Energy Limited entered into the following transactions with subsidiaries:

	1998 $000	1997 $000
Advances to subsidiaries	125,318	121,842
Purchase of electricity	38,457	9,335
Gross interest received	6,977	-
Advances from subsidiaries	1,747	-
Management fees	100	-

No related party debts have been written off or forgiven during the year. All transactions for subsidiary company, Mercury Geotherm Limited are financed by Mercury Energy Limited.

SEGMENT INFORMATION

The company operates in the electricity supply, generation and distribution business. All operations are carried out within New Zealand.

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VUW Te Waharoa — NZ Gazette 1998, No 160

NZLII — NZ Gazette 1998, No 160

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✨ LLM interpretation of page content

💰 Transactions with Related Parties

Domain💰 Finance & Revenue
KeywordsFinancial Transactions, Related Parties, Subsidiaries, Dividends, Interest

💰 Segment Information

Domain💰 Finance & Revenue
KeywordsSegment Information, Electricity Supply, Generation, Distribution

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