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New Zealand Gazette – 1999 – No. 105

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✨ Financial Statements

NEW ZEALAND GAZETTE

No. 105

notes to and forming part of the financial statements

CentralPower Limited

9. Related Parties

During the year the Company transacted with the following related parties:

Name of Related Party	Nature of Relationship	Type of Transactions	1999
Central Energy Limited	Subsidiary company	• Operating costs charged by CentralPower Limited	0
		• Generation investigation and evaluation costs charged by	0
		Central Energy Limited
		• Interest costs charged by CentralPower Limited	0
		• Issue of Redeemable Preference Shares to CentralPower	0
		Limited
Energy Connections Limited	Subsidiary company	• Funding advance (net)	0
		• Lease/rental costs charged by CentralPower Limited	0
		• Interest costs charged by CentralPower Limited	0
		• Operating costs charged by CentralPower Limited	0
		• Network reticulation asset maintenance charged by Energy	2,019
		Connections Limited
		• Network connection disconnections charged by Energy	0
		Connections Limited
		• Network reticulation services charged by Energy	4,809
		Connections Limited
		• Hedging products and national marketing services provided	0
		by Energy Brokers New Zealand Limited
		• Electricity purchases from Energy Brokers New Zealand	0
		Limited
CentralPower Electricity Trust		• Dividend payments	0
		• Grants	161
Palmerston North City Council	Shareholder	• Electricity costs charged by CentralPower Limited	638

Related party receivables outstanding at balance date:

Name of Related Party	Type of Transaction	Terms of Settlement	1999
CentralPower Employee Share Purchase Trust	Funding advance	Repayment on demand	(12)

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VUW Te Waharoa — NZ Gazette 1999, No 105

NZLII — NZ Gazette 1999, No 105

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Financial Statements of CentralPower Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Instruments, Accounting Policies, Cost Allocation, Electricity Regulations, Financial Disclosure, Fixed Assets, Valuations, Cash Flows, Net Surplus, Depreciation, Working Capital, Taxation, GST

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