✨ Transpower Financial Statements




4518

NEW ZEALAND GAZETTE

No. 190

TRANSPOWER NEW ZEALAND LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1999

  1. CURRENT ASSETS
LINES BUSINESS GROUP
1999 1998
$000 $000
Cash and bank 50 5
Short term investments - -
Trade receivables 60,089 86,258
Provision for current tax - 2,584
Other receivables 44 359
Stocks of materials 26,008 25,633
Prepayments 870 1,484
Total Current Assets 87,061 116,323

Related Party Transactions

Included in trade receivables:

ECNZ 97 27,993
Mighty River Power Limited 441 -
Meridian Energy Limited 13,326 -
Genesis Power Limited 702 -
Contact Energy Limited - 13,097
"Other" Transpower businesses 2,455 4,249
17,021 45,339

Included in other receivables:

Transpower Group subsidiaries

  • Interest receivable
  • Dividends receivable

Included in short term investments:

Transpower Group subsidiaries

  1. INVESTMENTS
LINES BUSINESS GROUP
1999 1998
$000 $000
Investment in Transpower Group associate - 4,015
Investment in Transpower Group subsidiaries - -
Total investments - 4,015

Investment in associate company comprises:

Ordinary shares at cost - 778
Accumulated share of post acquisition retained earnings - (80)
- 698
Advances to associate company - 3,317
- 4,015

Transpower sold its investment in the associate during the year ended 30 June 1999.



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🏭 Transpower New Zealand Limited Information Disclosure (continued from previous page)

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Financial Statements, Revenue, Transmission Services, Related Party Transactions, Electricity Regulations