New Zealand Gazette – 2011 – No. 184

Page 5326

✨ Financial Statements

5326 NEW ZEALAND GAZETTE, No. 184 28 NOVEMBER 2011

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

12. Other financial assets

	LINES BUSINESS
	2011	$M	2010
			$M
Current
Investments		-	0.7
Non current
Fonterra shares		3.9	3.9

Fonterra shares

The Transpower Lines Business holds these shares as a result of acquiring land for the construction of new transmission lines. When dairy farms are purchased, Fonterra shares are often purchased to enable the continued operation of the dairy farm. These shares are classified as available for sale because they do not fall into the other three categories of financial instruments, i.e. they have no "maturity" date, they are not traded on an active market, there are no fixed payments associated with holding the shares and they are not held for short term profit making.

Gazette.govt.nz — NZ Gazette 2011, No 184

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

💰 Financial instrument categorisation for Transpower New Zealand Limited (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Transpower, Lines Business, Financial Instruments, Categorisation, Fonterra Shares, Investments

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