New Zealand Gazette – 2001 – No. 105

Page 2694

✨ Financial Statements

VECTOR Limited

Electricity Lines Business

Notes to the Financial Statements

For the year ended 31 March 2001

	2001	2000

19. CONTINGENT LIABILITIES

No significant contingent liabilities exist as at 31 March 2001.

20. TRANSACTIONS WITH RELATED PARTIES

During the year VECTOR Limited, of which the line business is the predominant activity, had the following transactions with the Auckland Energy Consumer Trust (AECT), which is the majority shareholder of VECTOR Limited:

Payment of Dividends $33.3 million $11.8 million
Payment to AECT Nil $0.6 million

No related party debts have been written off or forgiven during the year. All transactions took place on a commercial arms length basis.

21. COMPARATIVES

Comparatives were prepared in accordance with the Electricity (Information Disclosure) Regulations 1999 as amended by the Electricity (Information Disclosure) Amendment Regulations 2000 and the Electricity Information Disclosure Handbook 30 June 2000.

22. SEGMENT INFORMATION

The line business operates within the electricity sector. All operations are carried out within New Zealand.

VUW Te Waharoa — NZ Gazette 2001, No 105

Gazette.govt.nz — NZ Gazette 2001, No 105

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✨ LLM interpretation of page content

🏭 Vector Limited Notes to the Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Contingent Liabilities, Related Party Transactions, Dividends, Comparatives, Segment Information

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