New Zealand Gazette – 2008 – No. 13

Page 313

✨ Financial Statements Notes

NELSON ELECTRICITY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year to 31 March 2007

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. (2006, Nil)

12. Commitments and Contingent Liabilities

As at 31 March 2007 the company had no commitments or contingent liabilities that are not included in these financial statements. (2006, Nil)

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 2007

	31-Mar-07	31-Mar-06
	$'000	$'000

System Fixed Assets at ODV at 31 March 2006
| | 20,280 | 19,522 |

Add
| System Fixed Assets Acquired During the Year at ODV | 762 | 1,684 |

Less
| System Fixed Assets Disposed of During the Year at ODV | (152) | (248) |
| Depreciation on System Fixed Assets | (676) | (668) |

Add
| Revaluations of System Fixed Assets | 0 | 0 |

Equals System Fixed Assets at ODV at 31 March 2007
| | 20,224 | 20,290 |

VUW Te Waharoa — NZ Gazette 2008, No 13

Gazette.govt.nz — NZ Gazette 2008, No 13

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Nelson Electricity Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Interest Rate Risk, Currency Risk, Commitments, Contingent Liabilities, Events Subsequent to Balance Date, Nelson Electricity Limited

🏭 Annual Valuation Reconciliation Report for Nelson Electricity Limited

Domain🏭 Trade, Customs & Industry
KeywordsValuation Reconciliation, System Fixed Assets, ODV, Depreciation, Revaluations, Nelson Electricity Limited

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