New Zealand Gazette – 2000 – No. 159

Page 4092

✨ Financial Statements



4092
NEW ZEALAND GAZETTE
No. 159

  1. Deferred Expenditure

$Thousands
2000 1999
Balance as at 1 July 1,275 1,376
Plus amount capitalised 59 92
Less amounts amortised to expenses (216) (193)
1,118 1,275

  1. Notional Reserves

Gas Retailing is not a company and therefore has no share capital. Notional Reserves are determined on the basis that Gas Retailing is fully equity funded by Natural Gas Corporation of New Zealand Limited. Notional Reserves therefore represent all funding provided to Gas Retailing by the Natural Gas Corporation.

  1. Capital Commitments

Amounts committed but not recorded in these financial statements total $Nil (1999: $Nil).

Operating Lease Commitments

$Thousands
2000 1999
Non cancelable operating lease rentals are payable as follows:
Not later than one year 402 260
Between on and two years 7 235
Between two and five years - 185
Later than five years - 45
409 725

  1. Contingent Liabilities

There are no material contingent liabilities, which would have a material adverse affect on these financial statements.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 159


Gazette.govt.nz — PDF NZ Gazette 2000, No 159




✨ LLM interpretation of page content

💰 Natural Gas Corporation Performance Measures (continued from previous page)

💰 Finance & Revenue
23 November 2000
Financial Statements, Accounting Policies, Gas Retailing, Taxation, Depreciation