β¨ 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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VUW Te Waharoa —
NZ Gazette 1999, No 190
NZLII —
NZ Gazette 1999, No 190
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Transpower New Zealand Limited Information Disclosure
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