New Zealand Gazette – 2000 – No. 119

Page 3025

✨ Financial Statements



1 SEPTEMBER NEW ZEALAND GAZETTE 3025

MAINPOWER NEW ZEALAND LTD
Lines Business
Notes to and Forming Part of the Financial Statements
For The Year Ended 31 March 2000

  1. Current Liabilities

    Bank Overdraft - -
    Short Term Borrowings - -
    Payables and Accruals 1,303 1,154
    Provision for Dividend - -
    Provision for Tax - -
    Other - -
    Total Current Liabilities 1,303 1,154

  2. Non Current Liabilities

    Payables and Accruals - -
    Borrowings - -
    Deferred Tax 54 67
    Other - -
    Total Non Current Liabilities 54 67

  3. Related Parties Disclosure

(i) MainPower Trust

The major related party of MainPower is the MainPower Trust and during the current financial year there were no related party transactions and no related party debts written off or forgiven and no transaction took place at nil or nominal value.

(ii) MainPower Contracting Limited

MainPower New Zealand Limited owns 100 percent of MainPower Contracting Limited and provides funding as and when required by MainPower Contracting up to a limit of $500,000. During the year MainPower Contracting did not use this facility and paid no interest.

There were no related party debts written off or forgiven and no transaction took place at nil or nominal value.

The following services were supplied by MainPower Contracting Limited to the Lines Business.

                               2000         1999
                               $000         $000

1.  Asset Maintenance            2,425        2,389
2.  Meter Maintenance               16          175
3.  Load Control Maintenance        38           96
4.  Construction of Distribution Substations  78          848
5.  Construction of Distribution Transformers  655        654
6.  Construction of Low Voltage Reticulation  430        633
7.  Construction of Distribution Lines and Cables  678      511
8.  Construction of Subtransmission Assets    10         287
9.  Construction of Other System Assets     48         261
10. Construction of Medium Voltage Switchgear   -          -
11. Construction of Zone Substations           1          -


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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

🏭 Statement of Cash Flows for MainPower New Zealand Ltd (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Cash Flows, Operating Activities, Investing Activities, Financing Activities, MainPower New Zealand Ltd