Significant subsidiaries
(31 March balance dates) |
COUNTRY OF INCORPORATION |
% OWNED |
PRINCIPAL ACTIVITY |
| |
|
|
|
| Sellicks Hill Wind Farm Pty Ltd |
|
Australia |
Generation development |
| Snowtown Wind Farm Pty Ltd |
|
Australia |
Electricity generation |
| Snowtown Wind Farm Stage 2 Pty Ltd |
Australia |
100 |
Electricity generation |
| Snowtown South 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 |
| TrustPower Market Services Pty Ltd |
Australia |
100 |
Financial services |
|
|
|
|
| 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
|
| Assets and liabilities amalgamated: |
Note |
2013
$000 |
2012
$000 |
2013
$000 |
2012
$000 |
|
|
|
|
|
|
| Property, plant and equipment |
22 |
- |
- |
- |
163,673 |
| Revaluation reserve |
14 |
- |
- |
- |
(30,252) |
| Investments in subsidiaries |
|
- |
- |
- |
(80,271) |
| Deferred tax liability |
29 |
- |
- |
| Transferred to retained earnings |
|
- |
- |
- |
45,304 |
|
|
|
|