β¨ Financial Statements
30 NOVEMBER
NEW ZEALAND GAZETTE
4545
TRANSPOWER NEW ZEALAND LIMITED GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1998
11. CURRENT LIABILITIES
| | 1998
$000 | 1997
$000 |
|----------------------|-------------|------------|
| Bank overdrafts | 3,832 | 143 |
| Trade creditors | 62,563 | 55,287 |
| Interest payable | 20,622 | 22,187 |
| Employee entitlements| 3,770 | 5,101 |
| Other provisions | - | 433 |
| Provision for dividend| 32,308 | 39,672 |
| Provision for current tax | - | 4,827 |
| Short term debt | 46,668 | 127,232 |
| Current portion of long term debt | 227,834 | 14,085 |
| Current portion of lease liabilities | - | - |
| Deferred income | 20,290 | 15,470 |
| Other liabilities | - | - |
| Total Current Liabilities | 417,887 | 284,437 |
Related Party Transactions
Included in trade creditors:
| | 1998
$000 | 1997
$000 |
|----------------------|-------------|------------|
| ECNZ Group | 19,774 | 7,703 |
| Transpower Group associate | - | 46 |
| Contact Energy | 8,171 | 3,574 |
| Design Power | 53 | - |
| BCL | 5 | - |
| Total | 28,003 | 11,323 |
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VUW Te Waharoa —
NZ Gazette 1998, No 193
NZLII —
NZ Gazette 1998, No 193
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Transpower New Zealand Limited Notes to the Financial Statements
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π Trade, Customs & IndustryCurrent Liabilities, Financial Statements, Transpower, Related Party Transactions