β¨ 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
- 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
- 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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VUW Te Waharoa —
NZ Gazette 1999, No 190
NZLII —
NZ Gazette 1999, No 190
β¨ LLM interpretation of page content
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Transpower New Zealand Limited Information Disclosure
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