✨ Financial Notes
NEW ZEALAND GAZETTE
No. 95
Note 12 Capital Commitments
As at 31 March 1999 there are no Capital Commitments (1998 nil)
Note 13 Operating Leases
Lease commitments in aggregate as at 31 March 1999 are classified in the following period:
| 1999 | 1998 | |
|---|---|---|
| $000 | $000 | |
| Up to one year | 99 | 74 |
| Up to two years | 98 | 72 |
| Two to five years | 74 | 77 |
| Five years and over | - | - |
Note 14 Capital Contributions
There were no capital contributions (1998 nil) for the accounting period.
Note 15 Related Party Transactions
The following transactions were entered into with Company Directors:
During the year Mr J L Armstrong, a Director, a partner of the legal firm Davidson, Armstrong and Campbell provided legal services of $7,518 (1998 $6,518) to the Company.
During the year Mr G A J Knobloch, a Director, provided accounting services of $1,397 (1998 $2,166) to the Company.
The Company allows the Electra Gallery Inc., of whom Mr A van Saarloos is Chairman, the use of some of its leased premises in Ruataniwha Street, Waipukurau for less than market value.
Five of the six Directors purchased goods and services from the Company at staff discounted rates at values ranging from $15 to $5,575. The amount outstanding at balance date of $1,746 has been subsequently paid.
During the year CHB Power Line Business purchased Maintenance Services and Capital Items from its internal Contracting Business classified under “Other”.
All Line Maintenance other than substations was carried out by the Internal Contracting Business Unit to a value of $1,003,491 during 1999.
Settlement of balances was monthly through intra-business transfers.
No debts were outstanding at 31/3/99 and no debts were written off.
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VUW Te Waharoa —
NZ Gazette 1999, No 95
NZLII —
NZ Gazette 1999, No 95
✨ LLM interpretation of page content
💰 Capital Commitments
💰 Finance & RevenueCapital Commitments, Financial Reporting
💰 Operating Leases
💰 Finance & RevenueOperating Leases, Financial Reporting
💰 Capital Contributions
💰 Finance & RevenueCapital Contributions, Financial Reporting
💰 Related Party Transactions
💰 Finance & RevenueRelated Party Transactions, Financial Reporting
- J. L. Armstrong (Director), Provided legal services
- G. A. J. Knobloch (Director), Provided accounting services
- A. van Saarloos (Chairman), Chairman of Electra Gallery Inc.