✨ Financial Statements
1254 NEW ZEALAND GAZETTE, No. 43 29 FEBRUARY 2008
The value of transactions owing at balance date were as follows:
The Power Company Limited Line Business owes PowerNet Limited Other Business $\4,045,728 (2006: $\2,501,000).
PowerNet Limited’s Line Business owes The Power Company Limited Other Business $\3,000 (2006: $\3,000).
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 2007 these totalled $\91,000 (2006: $\143,000). The Trust has an outstanding debt to The Power Company Limited at balance date of Nil (2006: $\143,000) 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 2007 or 2006.
- Annual Valuation Reconciliation Report
| 31 March 2007 | 31 March 2006 | |
|---|---|---|
| $\000 | $\000 | |
| System fixed assets at ODV – end of the previous financial year | 209,109 | 213,780 |
| Add system fixed assets acquired during the year at ODV | 11,505 | 5,911 |
| Less system fixed assets disposed of during the year at ODV | (709) | (871) |
| Less depreciation on system fixed assets at ODV | (9,787) | (9,711) |
| System fixed assets at ODV – end of the financial year | 210,118 | 209,109 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 43
Gazette.govt.nz —
NZ Gazette 2008, No 43
✨ LLM interpretation of page content
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Financial Statements for The Power Company Limited Line Business
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Related Parties, Transactions, Debts, The Power Company Limited, PowerNet Limited
🏭 Annual Valuation Reconciliation Report
🏭 Trade, Customs & IndustryValuation, Fixed Assets, Depreciation, Financial Year, The Power Company Limited