New Zealand Gazette – 1999 – No. 186

Page 4414

✨ Financial Statements



4414 NEW ZEALAND GAZETTE No. 186

  1. Notional Reserves

Gas Retailing is not a company and therefore has no share capital. Notional Reserves are determined on the basis that Gas Retailing is fully equity funded by Natural Gas Corporation of New Zealand Limited. Notional Reserves therefore represent all funding provided to Gas Retailing by the Natural Gas Corporation Group.

  1. Capital Commitments

Amounts committed but not recorded in these financial statements total $ Nil (1998: $ Nil).

$ Thousands
Operating Lease Commitments
Non cancellable operating lease rentals are payable as follows:
Not later than one year
Between one and two years
Between two and five years
Later than five years
Total
  1. Contingent Liabilities

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



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🏭 Natural Gas Corporation - Gas Retailing Activities Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Natural Gas, Financial Performance, Notional Reserves, Capital Commitments, Contingent Liabilities, Statistics