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New Zealand Gazette – 1999 – No. 144

Page 3449

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✨ Financial Statements

8 OCTOBER NEW ZEALAND GAZETTE 3449

BAY OF PLENTY ELECTRICITY LIMITED

Financial Statements for the purposes of the Electricity (Information Disclosure) Regulations 1999

NOTES TO THE FINANCIAL STATEMENTS

14 OPERATING LEASES

Operating lease commitments fall due for repayment in the following periods:

	Lines Business 1999 $000	Lines Business 1998 $000
Within One Year	15	5
Within One to Two Years	-	4
Within Two to Five Years	-	-
	15	9

15 REMUNERATION OF AUDITORS

Amounts received, or due and receivable, by the auditors for:

Auditing the Financial Statements:

PricewaterhouseCoopers 45 29

Other Services:

PricewaterhouseCoopers 48 76

	Total 1999 $000	Total 1998 $000
	93	105

16 RELATED PARTY TRANSACTIONS

The Company conducts business predominantly in the Eastern Bay of Plenty and undertakes transactions with shareholders, company officers and other related parties that reside in the region. All transactions with related parties have been carried out on a commercial and "arms length" basis.

Mercury Energy Limited held a 33% interest (until 7 October 1998) in UnitedNetworks Limited which is the parent company for Bay of Plenty Electricity Limited.

Transactions

	1999 $000	1998 $000
Purchases from UnitedNetworks Limited	336	264
Sales to UnitedNetworks Limited	357	443
Purchases from Mercury Energy Limited	67	165
Sales to Mercury Energy Limited	15	-

Balance

	1999 $000	1998 $000
Amounts owed to UnitedNetworks Limited	5	35
Amounts owed to Mercury Energy Limited	-	3

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VUW Te Waharoa — NZ Gazette 1999, No 144

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✨ LLM interpretation of page content

🏭 Financial Statements for Bay of Plenty Electricity Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsElectricity, Financial Statements, Operating Leases, Remuneration of Auditors, Related Party Transactions

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