New Zealand Gazette – 1999 – No. 124

Page 2969

✨ Financial Statements



17 SEPTEMBER

NEW ZEALAND GAZETTE

2969

  1. Intangible Assets
31.3.99 $
Goodwill Assets Nil
Other Intangibles not listed Nil
Total Intangible Assets Nil
31.3.98 $
Goodwill Assets Nil
Other Intangibles not listed Nil
Total Intangible Assets Nil
  1. Total Assets
31.3.99 $
Current Assets 5,583,041
Fixed Assets 12,380,317
Other Tangible Assets Nil
Total Tangible Assets 17,963,358
Intangibles Nil
Total Assets 17,963,358
31.3.98 $
Current Assets 4,191,601
Fixed Assets 14,890,939
Other Tangible Assets Nil
Total Tangible Assets 19,082,540
Intangibles Nil
Total Assets 19,082,540
  1. Funding
31.3.99 $
Long term Debt Nil
Equity 14,599,744
Other Funding not listed Nil
Total Funding 14,599,744
Current Liabilities 3,363,614
Total Equity and Liabilities 17,963,358
31.3.98 $
Long term Debt Nil
Equity 17,851,960
Other Funding not listed Nil
Total Funding 17,851,960
Current Liabilities 1,230,580
Total Equity and Liabilities 19,082,540
  1. Financial Instruments

Interest Rate Risk

The Company is subject to normal fluctuations of interest rates.

Concentration of Credit Risk

The concentrations of credit risk in respect of energy retailers using the Network is limited because any retailer is required to maintain certain prudential requirements including an acceptable long term credit rating of at least A3 (Moody’s Investor Service Inc), A- (Standard and Poors Rating Group) or B+ (AM Best). If no such rating is provided by a retailer Otago Power Limited has the ability to charge a cash bond equal to an estimated 3 months charge payable by the retailer with a review of the level of Bond every six months.

Fair Values

All financial instruments shown in the Statement of Financial Position are recorded at fair value.



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💰 Financial Statements including Intangible Assets, Total Assets, and Funding (continued from previous page)

💰 Finance & Revenue
Financial Statements, Intangible Assets, Total Assets, Funding, Equity, Liabilities