✨ Financial Notes and Statements
5 SEPTEMBER NEW ZEALAND GAZETTE 3073
| 1999 | 1998 | |
|---|---|---|
| $000 | $000 |
Note 9 : Revenue
Use-of-System Charges 47,008 31,115
Other 1,612 118
AC Loss Rental Rebates 856 758
49,476 31,991
======= =======Note 10 : Contingent Liabilities
There were no contingent liabilities as at 31 March 2000 (1999 nil).
Note 11 : Financial Instruments
Financial instruments which potentially subject the Lines Business to credit risk principally consist of cash and accounts receivable.
Credit Risk
Contracts have been entered into with various counter-parties having such credit ratings and in accordance with dollar limits as set forth by the board of directors.
Collateral
The Lines Business does not generally require collateral or other security to support service contracts. While the Lines Business may be subject to credit losses up to the notional value of the services or goods supplied in the event of non-performance by counter-parties, it does not expect such losses to occur.
Concentration of Credit Risk
Financial instruments which potentially subject the Lines Business to concentrations of credit risk principally consist of cash and accounts receivable.
The Lines Business places its cash and short-term investments with high credit quality financial institutions and sovereign bodies and limits the amount of credit exposure to any one financial institution.
The Lines Business has several large customers for which no collateral is required. These debtors are subject to normal on-going credit control procedures.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 122
Gazette.govt.nz —
NZ Gazette 2000, No 122
✨ LLM interpretation of page content
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Notes to the Accounts
(continued from previous page)
💰 Finance & RevenueRevenue, Contingent Liabilities, Financial Instruments, Credit Risk, Collateral, Concentration of Credit Risk