✨ Financial Statements Notes
2182 NEW ZEALAND GAZETTE No. 92
WAIPA POWER LIMITED - LINE BUSINESS
10 FINANCIAL INSTRUMENTS
Credit Risk
In the normal course of its business, Waipa Power Limited incurs credit risk from trade receivables from customers. There are no significant concentrations of credit risk and Waipa Power Limited does not require any collateral.
Waipa Power Limited places its cash and short term deposits with high credit quality financial institutions with a recognised credit rating of A- or better and limits the amount of credit exposure to any one institution, as set forth by the Board of Directors. While the company may be subject to credit losses up to the contract amounts in the event of non-performance by other parties, it does not expect such losses to occur.
Currency Risk
Waipa Power has no exposure to currency risk.
Interest Rate Risk
Waipa Power has no exposure to interest rate risk.
Fair Value
The estimated fair value of Waipa Power Limited’s financial instruments at 31 March 1999 are stated in the Statement of Financial Position.
11 CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS
There are no contingent liabilities as at 31 March 1999 (1998 Nil).
There are no commitments for future capital expenditure as at 31 March 1999 (1998 Nil).
12 SEGMENTAL REPORTING
Waipa Power Limited operates predominantly in one industry, distribution of electricity. All operations are carried out within New Zealand, and are therefore within one geographical segment for reporting purposes.
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VUW Te Waharoa —
NZ Gazette 1999, No 92
NZLII —
NZ Gazette 1999, No 92
✨ LLM interpretation of page content
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Notes to Financial Statements for Waipa Power Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Instruments, Credit Risk, Currency Risk, Interest Rate Risk, Fair Value, Contingent Liabilities, Capital Commitments, Segmental Reporting