New Zealand Gazette – 1999 – No. 110

Page 2636

✨ Financial Statements

2636
NEW ZEALAND GAZETTE
No. 110

ALPINE ENERGY LIMITED
FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1999

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 1999 (CONTINUED)

RELATED PARTY TRANSACTIONS

Shareholders

All transactions between the Company and its Shareholder District Councils have been conducted on a commercial basis. Charges between the parties are made for services provided as part of the normal trading activities of the Company, and as such have been incorporated into the operating costs and revenues of the Company.

Revenues from Shareholder District Councils

Contracting Activities
Payments to Shareholder District Councils
Rates, Rents

1999
$'000

1998
$'000
623
39

Trading balances due from Shareholder District Councils are shown in note 5.

Associated Entities

Transactions with Associated Entities include:

Charges to United Electricity Limited for use of the Company's network reticulation system, and use of Trans Power's transmission system; meter reading; and, office services and rents.
Payments to United Electricity Limited for electricity.

Revenues from Associated Entities
Payments to Associated Entities

12,093
15

18,073

No related party debts have been written off or forgiven during the year.

Subsidiary Entity: Alpine Energy Powercom Limited

100% owned by Alpine Energy Limited

Asset maintenance and construction services were provided to the Lines Business over the full year 1 April 1998 to 31 March 1999.

Services were charged on both a fixed price basis (often after a competitive tender process), and a “time and materials” basis.

The outstanding balance as at 31 March 1999 was $467,360 all of which was current and due for payment on 20 April 1999.

No debts were written off or forgiven, and no transactions took place at nil or nominal value between the parties.

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The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Alpine Energy Limited Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Performance, Related Party Transactions, Shareholders, Associated Entities, Subsidiary Entity, Alpine Energy Limited

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