New Zealand Gazette – 2000 – No. 159

Page 4100

✨ Financial Statements Notes

4100
NEW ZEALAND GAZETTE
No. 159

Accounts Receivable

$Thousands

	2000	1999
Trade Debtors	3,964	3,649
Prepayments and Sundry Receivables	5,262	5,605
	9,226	9,254

Notional Reserves

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

Deferred Income

$Thousands

	2000	1999
Balance as at 1 July	3,619	5,529
Less amount amortised to earnings	(2,312)	(1,910)
	1,307	3,619

Deferred income represents contributions from customers as explained in Note 1(d)(v).

Capital Commitments

Capital amounts committed but not recorded in these financial statements total $1.88 million (1999, $2.99 million).

Contingent Liabilities

There are no contingent liabilities, which would have a material adverse effect on these financial statements (1999, Nil).

VUW Te Waharoa — NZ Gazette 2000, No 159

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

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✨ LLM interpretation of page content

💰 Natural Gas Corporation - Gas Transmission Activities Notes to the Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
KeywordsAccounts Receivable, Trade Debtors, Prepayments, Sundry Receivables, Notional Reserves, Deferred Income, Capital Commitments, Contingent Liabilities

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