✨ Financial Statements




NEW ZEALAND GAZETTE

No. 190

TRANSPOWER NEW ZEALAND LINES BUSINESS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 1999

11. CURRENT LIABILITIES

LINES BUSINESS GROUP
1999 1998
$000 $000
Bank overdrafts 517 3,832
Accounts payable 16,619 49,783
Interest payable 19,791 20,622
Accrued payroll costs 4,738 3,770
Other provisions 4,868 12,780
Provision for dividend 62,863 32,308
Provision for current tax 2,548 -
Short term debt 86,432 46,668
Current portion of long term debt 29,848 227,834
Current portion of lease liabilities 15,950 -
Deferred income - 20,290
Other liabilities - -
Total current liabilities 244,174 417,887

Related party transactions

Included in trade creditors:

LINES BUSINESS GROUP
1999 1998
$000 $000
ECNZ 268 19,774
Meridian Energy Limited 443 -
Contact Energy Limited - 8,171
Design Power Limited - 53
BCL - 5
711 28,003


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🏭 Transpower New Zealand Limited Information Disclosure (continued from previous page)

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Financial Statements, Revenue, Transmission Services, Related Party Transactions, Electricity Regulations