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notes to the financial Statements
for the year ended 31 March 2012
Speedy’s Road Hydro Limited
The Lines Company Limited established Speedy’s Hydro Limited as a majority owned subsidiary that owns a
small hydro generation scheme. The scheme was constructed using The Lines Company cash resources, which
was then exchanged for shares.
The following transactions occurred between The Lines Company Limited and Speedy’s Hydro Limited
(Speedy’s) and have been eliminated in the group consolidated accounts.
2012
2011
$’000
$’000
Job revenue received from Speedy’s
4
63
Lines charges
4
-
Scope Infrastructure Limited
Scope Infrastructure Limited was established as a wholly owned subsidiary to conduct electrical lines
contracting work. The Company now undertakes oil refurbishment with its operations being based in Hamilton.
The following transactions occurred between The Lines Company Limited and Scope Infrastructure Limited and
have been eliminated in the group consolidated accounts.
2012
2011
$’000
$’000
Oil purchases made by TLC to Scope
94
48
Vehicles, plant & equipment purchased by TLC
-
298
John Deere Electrical Limited
John Deere Electrical Limited was purchased as a wholly owned subsidiary to provide electrician services.
Operations of the subsidiary are based in Te Kuiti.
The following transactions occurred between The Lines Company Limited and John Deere Electrical Limited
and have been eliminated in the group consolidated accounts.
2012
2011
$’000
$’000
Consulting and administration fees received from JDE
33
33
Job revenue received from JDE
9
6
Lines charges
1
-
Dividend received from JDE
-
250
Purchases made by TLC to JDE
96
79
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