New Zealand Gazette – 1999 – No. 169

Page 4026

✨ Financial Statements and Notes

4026 NEW ZEALAND GAZETTE No. 169

Regulatory Risk

The Government has signalled its intention to bring forward legislation this year that will introduce price regulation into the electric lines business sector. If such legislation is enacted, it is likely that the value of the business and its profit-earning potential will be detrimentally affected. The effect cannot be quantified at the time of this report.

Fair Values

The estimated fair values of the financial instruments are as follows:

	1999		1998
	Carrying	Fair	Carrying	Fair
	Amount	Value	Amount	Value
	$000	$000	$000	$000
Cash at Bank	9,456	9,456	7,403	7,403
Receivables	1,759	1,759	1,822	1,822
Tax Receivables	0	0	167	167
Payables	780	780	1,330	1,330
Tax Payables	506	506	-	-
Provisions	149	149	480	480
Subordinated Debt	10,000	-	10,000	-
Borrowings	46	46	44	44

The following methods and assumptions were used to estimate the fair value of each class of financial instrument:

Subordinated Debt

It is not practicable to estimate the fair value of the Subordinated Debt, which is held by the Shareholders at nil interest and is subject to conditions contained within the Deed of Loan and Subordination.

19. SEGMENTAL REPORTING

The business only operates in one economic and geographic segment. The principal activity of the business is electricity distribution within the Gisborne District.

All income was earned within the geographical boundaries of the Gisborne District.

20. PERFORMANCE MEASURES

The performance of the business for the year ended 31 March 1999 is as follows:

Performance Measure	Target	Actual	Variance
(a) to aim for a target equivalent kilometre
reconstruction of 11kV distribution line of	110 kms	N/A*	N/A

Due to changing work methods, it was decided during the year that this measure is no longer relevant and therefore data to report is not available.

PDF embedding disabled (Crown copyright)

View this page online at:

VUW Te Waharoa — NZ Gazette 1999, No 169

NZLII — NZ Gazette 1999, No 169

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

💰 Notes to Financial Statements of Eastland Network Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Operating Lease Commitments, Contingent Liabilities, Financial Instruments, Credit Risk, Revenue Risk, Currency Risk, Eastland Network Limited, Regulatory Risk, Fair Values, Segmental Reporting, Performance Measures

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.