✨ Financial Statements Notes




1 SEPTEMBER
NEW ZEALAND GAZETTE
3017

MAINPOWER NEW ZEALAND LTD

Notes to and Forming Part of the Financial Statements
For The Year Ended 31 March 2000

1.6 Business Accounting Separation

Lines Business
The Lines business provides and maintains the electricity distribution network throughout the North Canterbury and Kaikoura regions.

1.7 Rebate Shares

i) Redemption
Rebate Shares are only held by Qualifying Customers and the Trustees of the MainPower Trust. They are not transferable and are subject to compulsory redemption at a nominal value of ten (10) cents when a person ceases to be a Qualifying Customer of MainPower.

ii) Rebares
The Rebate Share entitles a Qualifying Customer to a rebate of fixed and variable distribution line charges. The accumulated rebate paid to Qualifying Customers is disclosed separately in the Statement of Financial Performance.

1.8 Changes in Accounting Policies

There have been no changes in accounting policies. All policies have been applied on a basis consistent with those used in previous years.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2000, No 119


Gazette.govt.nz PDF NZ Gazette 2000, No 119





✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Financial Statements for MainPower New Zealand Ltd (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Accounting Policies, Electricity, MainPower New Zealand Ltd