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Retrieving Data

Note 23: Investments in Subsidiaries

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 - - - 163,673
Revaluation reserve - - - (30,252)
Investments in subsidiaries - - - (80,271)
Deferred tax liability - - - (7,846)
Transferred to retained earnings   - - - 45,304