New Zealand Gazette – 2005 – No. 126

Page 3050

✨ Financial Statements



  1. Transactions with Related Parties (continued)

    (vi) Ellsoft Limited / Energy Link Limited

    Both Ellsoft Limited and Energy Link Limited provide advisory services from time to time to MainPower New Zealand Limited, the value of which amounted to $30,184 (2004 $8,449).

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

    The amount owing by MainPower New Zealand Limited to Ellsoft Limited and Energy Link Limited at balance date was Nil (2004 Nil) while the amount owing by Ellsoft Limited and Energy Link Limited to MainPower New Zealand Limited at balance date was Nil (2004 Nil).

  2. Reconciliation of Net Surplus to Net Cash Inflow from Operating Activities

    2005 2004
    $000 $000
    Reported Surplus After Taxation 4,081 4,791
    Non Cash Items
    Depreciation 5,409 4,427
    Customer Contributions (3,842) (3,505)
    Movement in Gratuities 17 54
    1,584 976
    Movements in Working Capital Items
    (Increase)/Decrease Accounts Receivable (922) 543
    Increase/(Decrease) Accounts Payable 875 61
    (47) 604
    Net Cash Inflow from Operations 5,618 6,371

  3. Financial Instruments

    Credit Risk: Financial instruments which potentially subject the company to concentrations of credit risk principally relate to bank deposits and receivables. Bank deposits are placed with high credit quality financial institutions. Concentrations of credit risk with respect to Receivables are subject to normal terms of trade. Regular monitoring of receivables is undertaken.

    Foreign Exchange and Currency Instruments: The Company is not exposed to foreign exchange or currency risk.

    Off-Balance Sheet Financial Instruments: The Company does not have any off-balance sheet financial instruments.

    Fair Values: The fair value of the on-balance sheet financial instruments is represented by the carrying values.

  4. Commitments and Contingent Liabilities

    There are no significant capital commitments or contingent liabilities as at 31 March 2005 (2004, $Nil).

  5. Significant Events After Balance Date

    There are no events subsequent to the balance date that would have or may have an effect on the operation of MainPower, the results of MainPower’s operations or the state of the affairs of MainPower.

  6. Segmental Reporting

    The predominant activity of MainPower is the distribution of electricity. All operations are conducted within New Zealand.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 126


Gazette.govt.nz — PDF NZ Gazette 2005, No 126




✨ LLM interpretation of page content

🏭 MainPower New Zealand Limited Financial Position (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Related party transactions, Cash flow reconciliation, Financial instruments, Commitments, Contingent liabilities, MainPower, New Zealand