✨ Financial Statements




31 AUGUST NEW ZEALAND GAZETTE 2879

Other Line Business Related Parties:

The Lines Business has a borrowing facility with Dunedin City Treasury Ltd. During the year it paid $7.605 million interest (2000 : $7.989 million) and as at 31 March 2001 $110.8 million of loan monies were outstanding (2000 : $112 million).

During the year the Lines Business also undertook the following transactions with Dunedin City Holdings Ltd:

Purchase of subvention expense    $2.06 million (2000 : $2.0 million)
Dividends provided               $6.00 million (2000 : $2.0 million)

As at 31 March 2001, $1.6 million was outstanding (2000 : $1.45 million).



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2001, No 111


Gazette.govt.nz PDF NZ Gazette 2001, No 111





✨ LLM interpretation of page content

πŸ’° Notes to the Financial Statements (continued from previous page)

πŸ’° Finance & Revenue
Borrowing Facility, Interest Payments, Loan Monies, Subvention Expense, Dividends