✨ Financial Reports
3776
NEW ZEALAND GAZETTE, No. 131
8 NOVEMBER 2006
The value of transactions owing at balance date were as follows:
The Power Company Limited Line Business owes PowerNet Limited Other Business $2,501,000 (2005: $2,170,000).
PowerNet Limited’s Line Business owes The Power Company Limited Other Business $3,000 (2005: $2,000).
The Southland Electric Power Supply Consumer Trust, which owns 100% of the shares in The Power Company Limited, is a related party. During the year expenses are paid out on behalf of the Trust, at 31 March 2006 these totalled $143,000 (2005: $130,000). The Trust has an outstanding debt to The Power Company Limited at balance date of $143,000 (2005: $130,000) for which a dividend has been provided for in the current year by The Power Company Limited.
No related party debts have been written off or forgiven during 2006 or 2005.
- Annual Valuation Reconciliation Report
| 31 March 2006 $000 | 31 March 2005 $000 | |
|---|---|---|
| System fixed assets at ODV – end of the previous financial year | 213,780 | 217,278 |
| Add system fixed assets acquired during the year at ODV | 5,911 | 6,264 |
| Less system fixed assets disposed of during the year at ODV | (871) | (224) |
| Less depreciation on system fixed assets at ODV | (9,711) | (9,538) |
| System fixed assets at ODV – end of the financial year | 209,109 | 213,780 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 131
Gazette.govt.nz —
NZ Gazette 2006, No 131
✨ LLM interpretation of page content
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Related Party Transactions
(continued from previous page)
🏭 Trade, Customs & IndustryRelated Party Transactions, Power Company Limited, PowerNet Limited, Southland Electric Power Supply Consumer Trust, Financial Transactions
🏭 Annual Valuation Reconciliation Report
🏭 Trade, Customs & IndustryValuation, Financial Assets, System Fixed Assets, Depreciation