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New Zealand Gazette – 2003 – No. 129

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✨ Financial Statements Notes

3474 NEW ZEALAND GAZETTE No. 129

SCANPOWER LIMITED - LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2003

An imputed rental of $16,436 is included in Note 18.12b (vii) as being paid to the “Other” business.

Note 16: Financial Instruments

Scanpower has no off balance sheet financing (other than those disclosed in these notes), nor any foreign exchange exposure. The fair value of financial instruments is approximated by the carrying value amount disclosed in the Statement of Financial Position.

Concentrations of credit risk with respect to receivables in the Company’s core activity are managed by adequate safeguards in the Use of Systems agreements entered into with energy retailers. The large customer base of the other activities ensures little concentration of risk. No other form of security or collateral is required to support financial instruments with credit risk.

The interest rates on the Company’s deposits are presented in Note 6(ii).

Note 17: Significant Events After Balance Date

Scanpower sold its 10% interest in The Woodville Windfarm Limited on 30 April 2003. The company is not aware of any other post balance sheet date events which would have a significant effect on the business activities of the company.

VUW Te Waharoa — NZ Gazette 2003, No 129

Gazette.govt.nz — NZ Gazette 2003, No 129

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✨ LLM interpretation of page content

🏭 ScanPower Limited Financial Statements for 2003 (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Notes, Financial Instruments, Credit Risk, Interest Rates, Post-Balance Events

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