✨ Financial Statements Notes
4560 NEW ZEALAND GAZETTE No. 193
TRANSPOWER NEW ZEALAND LIMITED GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1998
22. SUBSIDIARY AND ASSOCIATE COMPANIES
As at balance date the subsidiary and associate companies are as follows:
Subsidiaries
| Subsidiaries | Holding |
|---|---|
| Fighting Bay Finance Limited | 100% |
| Haywards Limited | 100% |
| Oteranga Bay Limited | 100% |
| Hororata Enterprises Limited | 100% |
| Whakamaru Holdings Limited | 100% |
| Transpower Finance Limited | 100% |
| Transpower Land Holdings Limited (non-trading) | 100% |
| Omaka Training Limited (non-trading) | 100% |
| d-Cypha Limited | 100% |
Associate Company
| Associate Company | Holding |
|---|---|
| Electricity Market Company and subsidiaries | 33% |
All subsidiaries are direct subsidiaries of Transpower except for Oteranga Bay Limited and Haywards Limited which are wholly owned by Fighting Bay Finance Limited.
The principal activity of the trading subsidiaries (excluding d-Cypha) is financing. d-Cypha was established as a separate legal entity to provide reconciliation services for both MARIA and NZEM parties.
The principal activity for the associate company is the provision of services to the participants in the wholesale electricity market. The balance date for the associate and subsidiary companies is the same as Transpower’s.
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VUW Te Waharoa —
NZ Gazette 1998, No 193
NZLII —
NZ Gazette 1998, No 193
✨ LLM interpretation of page content
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Transpower New Zealand Limited Notes to the Financial Statements
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🏭 Trade, Customs & IndustryFinancial Instruments, Interest Rates, Liabilities, Assets, Debt, Interest Rate Swaps, Subsidiary Companies, Associate Companies