New Zealand Gazette – 1999 – No. 186

Page 4433

✨ Financial Statements Continuation

3 DECEMBER NEW ZEALAND GAZETTE 4433

7. Capital Commitments

Amounts committed but not recorded in these financial statements total $nil (1998, $nil).

8. Contingent Liabilities

NGC has transferred 25 petajoules of prepaid Maui gas to Methanex, which must be uplifted by 2006. In the unlikely event that the Crown is unable to deliver these gas entitlements to Methanex, because of the failure of the Maui field, NGC must make its best endeavor to deliver gas or refund part or all of the monies to Methanex.

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

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VUW Te Waharoa — NZ Gazette 1999, No 186

NZLII — NZ Gazette 1999, No 186

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated23 November 1999
KeywordsNatural Gas, Financial Statements, Performance Measures, Gas (Information Disclosure) Regulations 1997, Audited Reports, Capital Commitments, Contingent Liabilities, Maui Gas, Methanex

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