New Zealand Gazette – 2005 – No. 3

Page 70

✨ Financial Statements and Amalgamation Details

WEL NETWORKS LIMITED

Amalgamation with WEL Energy Trust Shareholding Limited

On 30 April 2002 WEL Energy Trust Shareholding Ltd has amalgamated with the Parent. Until the date of the amalgamation WEL Energy Trust Shareholding Ltd had a controlling interest in the Parent. Both companies were ultimately controlled by the WEL Energy Trust. Under the amalgamation the Parent took control of the assets of WEL Energy Trust Shareholding Ltd and assumed its liabilities. WEL Energy Trust Shareholding Ltd has been removed from the New Zealand register of companies.

Summary of the effect of amalgamation of WEL Energy Trust Shareholding Limited

Line Business	2004 ($000s)	2003 ($000s)
Assets and liabilities amalgamated:
Bank balances	-	1,209
Net current assets/current liabilities	-	(1,289)
Borrowings	-	(10,935)

Balance recognised in the statement of movements in equity	-	(11,015)

The assets and liabilities have been brought into the Company's financial statements at their carrying amounts which approximate their fair value. The operating results of WEL Energy Trust Shareholding Ltd after the amalgamation have been included in the statement of financial performance of the Company since 1 May 2002. The balance on amalgamation has been recognised in the statement of movements in equity of the Company. The comparatives for the Company have not been adjusted for the amalgamation.

6 Current assets

	2004	2003
Cash and Bank	18,515	5,487
Trade debtors	(7,463)	3,616
Short term investments	-	-
Inventories	96	115
Other assets	49	8
Tax recoverable	-	-
	11,197	9,226

VUW Te Waharoa — NZ Gazette 2005, No 3

Gazette.govt.nz — NZ Gazette 2005, No 3

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for WEL Networks Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Taxation, Shareholders Funds, Asset Revaluation, Retained Earnings, Other Reserves, WEL Networks Limited

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index