β¨ Financial Statements
4516
NEW ZEALAND GAZETTE
No. 190
TRANSPower NEW ZEALAND LINES BUSINESS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 1999
- REMUNERATION OF AUDITORS
| Fees paid or payable to PricewaterhouseCoopers | LINES BUSINESS $000 | GROUP $000 |
|---|---|---|
| As auditor of Transpower and Transpower Group subsidiaries | 185 | 185 |
| For other services | 808 | 1,124 |
| 993 | 1,309 |
- NET FINANCE COSTS
| Finance costs | 98,223 | 116,226 |
| Lease costs | - | - |
| Capitalised interest | (720) | (1,261) |
| Interest received from short term investments | (1,158) | (1,426) |
| Dividends received | (1) | (2) |
| Net finance costs | 96,344 | 113,537 |
Related Party Transactions
Interest received from:
| ECNZ | - | (18) |
| Contact Energy Limited | - | (487) |
| Transpower Group associate | - | (136) |
| Transpower Group subsidiaries | - | - |
| | - | (641) |
Dividends received from:
Transpower Group subsidiaries
Interest is capitalised on capital work in progress in accordance with the accounting policy outlined in Note 1(f).
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VUW Te Waharoa —
NZ Gazette 1999, No 190
NZLII —
NZ Gazette 1999, No 190
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