✨ Financial Transactions and Receipts




5076 No. 202

NEW ZEALAND GAZETTE

Land Corporation Ltd.
The Crown advanced $271,417,215 to Land Corporation Ltd in consideration for the issue by Land Corporation Ltd of ordinary and preference shares totalling $201,900,000 and of a loan advance of $69,517,215. Sale of assets to Land Corporation Ltd. realised $271,517,215 of which $262,051,895 was applied against liabilities outstanding to the Crown and the balance of $9,465,320 was recorded as a Consolidated Account receipt.

9,465 ... J

Ministry of Energy: Electricity Division
...

7,876 ...

New Zealand Post Ltd.
The Crown has advanced to New Zealand Post Ltd. $173,000,000, $53,000,000 being a loan advance and $120,000,000 being equity capital. The Crown has received from New Zealand Post Ltd. $173,000,000 in respect of assets relating to the postal function of the former Post Office, and a further $7,955,000 in settlement of the balance of current assets less current liabilities as at 31 March 1988 which were not included in the sale and purchase agreement. The moneys have been recorded as a receipt in the Consolidated Account.

180,955 ...

New Zealand Post Office
...

21,800 ...

New Zealand Refining Company Ltd.
The receipt is a reimbursement from the New Zealand Refining Company Ltd. for major project debt costs met by the Crown.

12,123 ... 1,759

Notional tax payment
The receipt is a payment to the Consolidated Account in lieu of Income Tax from the following Revolving Funds:

  • Government Computing Service Fund ... $2,800,000
  • Government Printing Office ... $950,000

3,750 ... 3,250

Phosphate Commission
...

91 ...

Revolving Funds
Government Computing Service Fund has now been disestablished and Government Computing Services Ltd. has been formed as a state-owned enterprise. After making a notional tax payment (see preceding sub-note) and declaring a dividend (see Note 5), the moneys remaining in the Trust Account were transferred to the Consolidated Account.

21,705 ...

Sales of surplus Crown Land Properties
The payments are from the Housing Corporation of New Zealand and are in respect to the sale of surplus houses previously owned by New Zealand Post Ltd. and the New Zealand Forest Service.

312 ...

Works and Development Services Corporation Ltd.
A part payment in respect of moneys collected under licence from debtors of the former Ministry of Works and Development has been received from the Works and Development Services Corporation (NZ) Ltd. This has been recorded as a receipt to the Consolidated Account.

42,000 ...

$4,833,847 ... $92,370



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✨ LLM interpretation of page content

πŸ’° Departmental Receipts into Consolidated Account (continued from previous page)

πŸ’° Finance & Revenue
Departmental Receipts, Consolidated Account, Financial Statistics

πŸ’° Crown Advance to Land Corporation Ltd

πŸ’° Finance & Revenue
Crown Advance, Land Corporation Ltd, Shares, Loan, Consolidated Account

πŸ’° Crown Transactions with New Zealand Post Ltd

πŸ’° Finance & Revenue
Crown Advance, New Zealand Post Ltd, Equity Capital, Loan, Consolidated Account

πŸ’° Reimbursement from New Zealand Refining Company Ltd

πŸ’° Finance & Revenue
Reimbursement, New Zealand Refining Company Ltd, Project Debt Costs, Consolidated Account

πŸ’° Notional Tax Payment from Revolving Funds

πŸ’° Finance & Revenue
Notional Tax Payment, Revolving Funds, Government Computing Service Fund, Government Printing Office, Consolidated Account

πŸ’° Transfer of Funds from Government Computing Service Fund

πŸ’° Finance & Revenue
Government Computing Service Fund, State-Owned Enterprise, Notional Tax Payment, Dividend, Consolidated Account

πŸ’° Sales of Surplus Crown Land Properties

πŸ’° Finance & Revenue
Surplus Crown Land Properties, Housing Corporation of New Zealand, New Zealand Post Ltd, New Zealand Forest Service, Consolidated Account

πŸ’° Payment from Works and Development Services Corporation Ltd

πŸ’° Finance & Revenue
Works and Development Services Corporation Ltd, Licence, Debtors, Ministry of Works and Development, Consolidated Account