✨ Financial Statements and Valuation Report
NELSON ELECTRICITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
for the year to 31 March 2006
Interest Rate risk
Interest rate risk is the risk that interest rates will change, increasing or decreasing the cost of borrowing or lending. The company’s short term deposits are at fixed interest rates and mature within one year. The company has the opportunity to vary interest rates on its non current borrowings on such terms as it selects. The interest rate applying to the company’s current borrowings is disclosed in note 9
Currency Risk
The company has no present exposure to risks arising from movement in exchange rates. (2005, Nil)
12. Commitments and Contingent Liabilities
As at 31 March 2006 the company had no commitments or contingent liabilities that are not included in these financial statements. (2005, Nil)
There were no uncompleted capital projects as at 31 March 2006. (2005, $197,161)
13. Events Subsequent to Balance Date
There were no events subsequent to balance date requiring notification in these financial statements.
Schedule 1 Part 8
Annual Valuation Reconciliation Report for Year ending 31 March 2006
| 31-Mar-06 $'000 | 31-Mar-05 $'000 | |
|---|---|---|
| System Fixed Assets at ODV at 31 March 2005 | 19,522 | 19,393 |
| Add System Fixed Assets Acquired During the Year at ODV | 1,684 | 883 |
| Less System Fixed Assets Disposed of During the Year At ODV | (248) | (86) |
| Less Depreciation on System Fixed Assets | (608) | (668) |
| Add Revaluations of System Fixed Assets | 0 | 0 |
| Equals System Fixed Assets at ODV at 31 March 2006 | 20,290 | 19,522 |
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 139
Gazette.govt.nz —
NZ Gazette 2006, No 139
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for Nelson Electricity Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Interest Rate Risk, Currency Risk, Commitments, Contingent Liabilities, Capital Projects, Events Subsequent to Balance Date, Annual Valuation Reconciliation Report, Nelson Electricity Limited