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New Zealand Gazette – 1998 – No. 165

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✨ Financial Statements

3964 No. 165

NEW ZEALAND GAZETTE

TRANSALTA NEW ZEALAND LIMITED

Notes to and forming part of the Financial Statements (Continued)

For the Year Ended 31 March 1998

Note: 10 Investments and Deferred Costs

	Line Business		Energy Business
	31-Mar-98	31-Mar-97	31-Mar-98	31-Mar-97
	$000	$000	$000	$000

Investments:

Pacific Energy Limited (ii) | - | - | - | 836 |
Other | - | - | 952 | 23 |
| - | - | 952 | 859 |

Deferred costs:

Deferred financing costs | - | - | - | 423 |
Deferred development costs | - | - | - | - |
| - | - | 423 | 423 |

Total Investments and Deferred Costs | - | - | 952 | 1,282 |

(ii) Investment in Pacific Energy Limited

	Line Business		Energy Business
	31-Mar-98	31-Mar-97	31-Mar-98	31-Mar-97
	$000	$000	$000	$000

Balance at beginning of period | - | - | 836 | 2,396 |
Share of loss for the period | - | - | (371) | (560) |
Dividend received | - | - | - | (1,000) |
Provision for loss on sale | - | - | (465) | - |
Balance at end of period | - | - | - | 836 |

Net assets comprise:

Gross assets | - | - | 30,766 | 36,826 |
Gross liabilities | - | - | (28,904) | (33,482) |
Net assets | - | - | 1,862 | 3,344 |
The Group's 25% share | - | - | 465 | 836 |
Provision for loss¹ | - | - | (465) | - |

¹ The provision for loss has been made to adjust the carrying value of the investment to its estimated net realisable value.

The information disclosed in the 1998 Information Disclosure package issued by TransAlta New Zealand Limited has been prepared solely for the purposes of the Electricity (Information Disclosure) Regulations 1994.

The information should not be used for any other purpose than that intended under the regulations.

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VUW Te Waharoa — NZ Gazette 1998, No 165

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✨ LLM interpretation of page content

🏭 Financial Statements of TransAlta New Zealand Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Investments, Deferred Costs, Pacific Energy Limited, Energy Business

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