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Retrieving Data

Note 22

For The Year Ended 31 March 2012

INVESTMENTS IN SUBSIDIARIES

GROUP PARENT
2012 2011 2012 2011
  Note $000 $000 $000 $000
Shares at cost   - - 49,277 64,987
Net advances to subsidiaries   - - 165,024 257,785
Impairment of advances to subsidiaries 36 - - (21,100) (17,539)
    - - 193,201 305,233
 
Significant subsidiaries (31 March balance dates)  
COUNTRY OF OPERATION %
OWNED
PRINCIPAL
ACTIVITY
Sellicks Hill Wind Farm Pty Ltd Australia 100 Generation development
Snowtown Wind Farm Pty Ltd Australia 100 Electricity generation
Tararua Wind Power Limited New Zealand 100 Asset holding
TrustPower Australia Holdings Pty Ltd Australia 100 Generation development
TrustPower Australia (New Zealand) Limited New Zealand 100 Asset holding
TrustPower Insurance Limited New Zealand 100 Captive insurance
TrustPower Australia Financing Partnership Australia 100 Financing
The following subsidiaries were amalgamated into the Parent on 31 March 2012:
Cobb Power Limited New Zealand Asset holding
TrustPower Oamaru Limited New Zealand Call services operator
Esk Hydro Power Limited New Zealand Generation development
Taheke Geothermal Limited New Zealand Generation development
Waikaremoana Power Limited New Zealand Generation development
Paehinahina Mourea Geothermal Limited New Zealand Generation development
 
Under the amalgamation the Parent took control of all the assets of these subsidiaries and assumed responsibility for their liabilities. These subsidiaries have been removed from the New Zealand register of companies. The table below shows a summary of the effect of amalgamation on the financial statements.
 
GROUP PARENT
2012 2011 2012 2011
Assets and liabilities amalgamated:   $000 $000 $000 $000
Property, plant and equipment 21 - - 163,673 -
Revaluation Reserve 14 - - (30,252) -
Investments in subsidiaries - - (80,271) -
Deferred tax liability 28 - - (7,846) -
Transferred to retained earnings 15 - - (45,304) -