✨ Financial Statements
30 AUGUST NEW ZEALAND GAZETTE 2893
Alpine Energy Limited (Lines)
Financial Statements Prepared in Accordance with the Electricity (Information Disclosure) Regulations 1999 and the Electricity (Information Disclosure) Amendment Regulations 2000
Notes to and Forming Part of the Financial Statements - Continued
for the Year Ending 31 March 2000
3. Reserves
| 2000 | 1999 | |
|---|---|---|
| $'000 | $'000 | |
| Asset Revaluation Reserve | ||
| Balance at Beginning of the Year | 40,865 | 39,889 |
| Net Revaluations | 0 | 976 |
| Balance at End of the Year | 40,865 | 40,865 |
4. Goodwill
Goodwill relates to the excess balance arising on the issue of shares for the carrying value of net assets transferred from South Canterbury Electric Power Board and Timaru Electricity.
This goodwill has been written off in equal instalments over the five year period from 1 April 1994 and 31 March 1999.
5. Contingent Liabilities
In respect of the business activities being reported on, the Company has no contingent liabilities as at 31 March 2000 (1999 - nil).
6. Capital Commitments
In respect of the business activities being reported on, the Company has capital commitments amounting to $1,628,972 as at 31 March 2000 (1999 - $507,651).
7. Financial Instruments
a) Concentration of Credit Risk
Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of bank deposits and accounts receivable. The maximum credit risk is the book value of these financial instruments however, the Company considers the risk of non recovery of these amounts to be minimal.
The Company places its cash and bank deposits with high credit quality financial institutions and limits the amount of credit exposure to any one financial institution.
The Company continually evaluates and monitors the credit quality of its customers. There is a concentration of credit risk in relation to activities with associated entities. This risk is managed indirectly through appointments to the governing bodies of these associated entities.
b) Fair Value
The carrying value of cash and bank deposits, accounts receivable and accounts payable is equivalent to their fair value.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 115
Gazette.govt.nz —
NZ Gazette 2000, No 115
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Financial Statements of Alpine Energy Limited - Continued
(continued from previous page)
🏗️ Infrastructure & Public WorksFinancial Statements, Reserves, Goodwill, Contingent Liabilities, Capital Commitments, Financial Instruments