New Zealand Gazette – 1999 – No. 186

Page 4404

✨ Financial Statements

Deferred Income

	$Thousands
	1999	1998
Balance as at 1 July 1998	5,564	5,817
Plus amount received	-	63
Less amount amortised to earnings	(656)	(316)
	4,908	5,564

Deferred income represents contributions from customers as explained in Note 1(d)(v).

Capital Commitments

Amounts committed but not recorded in these financial statements total $1.3 million (1998 $4.3 million).

Operating Lease Commitments	$ Thousands
	1999	1998
Non cancellable operating lease rentals are payable as follows:
Not later than one year	584	320
Between one and two years	530	268
Between two and five years	415	472
Later than five years	102	203
	1,631	1,263

Contingent Liabilities

There are no contingent liabilities, which would have a material adverse affect on the financial statements.

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VUW Te Waharoa — NZ Gazette 1999, No 186

NZLII — NZ Gazette 1999, No 186

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Natural Gas Corporation – Gas Distribution Activities Financial Statements Notes (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsNatural Gas, Financial Statements, Deferred Income, Capital Commitments, Operating Lease Commitments, Contingent Liabilities

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