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New Zealand Gazette – 2001 – No. 163

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✨ Financial Statements

3974

NEW ZEALAND GAZETTE

No. 163

TRANSPower NEW ZEALAND LIMITED LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS continued

FOR THE YEAR ENDED 30 JUNE 2001

RELATED PARTY

As a State-Owned Enterprise, shares in Transpower are held by the shareholding
Ministers on behalf of the Crown. Related party transactions have been entered into with
other State-Owned Enterprises, principally Electricity Corporation of New Zealand Group
(ECNZ), Mighty River Power Limited, Genesis Power Limited, Meridian Energy Limited,
and Broadcast Communications Limited (BCL, a subsidiary of Television New Zealand).

d-cypha Limited, Risk Reinsurance Limited, two wholly owned subsidiaries of
Transpower New Zealand Limited and other business activities undertaken by
Transpower New Zealand Limited ("Other Transpower Businesses") do not form part
of the lines business.

The subsidiary companies identified in Note 22 are related parties of Transpower.

Transactions entered into with related parties are disclosed as follows:

Revenue from ECNZ, Meridian Energy Limited, Mighty River Power Limited
and Genesis Power Limited are disclosed in Note 3.
Operating expenses in relation to ECNZ, Mighty River Power Limited, Meridian Energy
Limited, Genesis Power Limited and BCL are disclosed in Note 4.
Annual capital work in progress expenditure paid to BCL is disclosed in Note 9.
Outstanding balances due from and to ECNZ, Meridian Energy Limited, Genesis Power
Limited, Mighty River Power Limited and BCL are disclosed in Notes 8, 9 and 10.

All related party transactions are conducted on a commercial basis. No related party
debts have been written off or forgiven during the year.

VUW Te Waharoa — NZ Gazette 2001, No 163

Gazette.govt.nz — NZ Gazette 2001, No 163

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Lines Business Financial Position (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Related Party Transactions, State-Owned Enterprises, Revenue, Operating Expenses, Capital Expenditure

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