✨ Financial Statements Notes




10 SEPTEMBER

NEW ZEALAND GAZETTE

3175


9.4 Fair Values

The carrying amount of cash, short term deposits and trade receivables reflect their fair values.

10 RELATED PARTIES

Transactions with these related parties are for the period 1 April 2000 to 31 March 2001.

No related party debt has been written off or forgiven.

10.1 Parties Associated With Directors

The company contracted with parties associated with certain directors of Marlborough Lines Limited. These transactions involve the provision of legal and consulting services. All transactions were at commercial rates.

  • PJ Radich (Radich Dwyer Hardy-Jones Clark)
    • Owed by the company as at 31 March: 26
      • to be paid as a normal monthly account: 22

10.2 Contracting Division Of Marlborough Lines

The contracting division of Marlborough Lines Limited has provided the following services at commercial rates:

Service 2001 2000
Construction of subtransmission assets 20 3
Construction of zone substations 40 21
Construction of distribution lines/cables 81 35
Construction of medium voltage switchgear 35 15
Construction of distribution substations 12 20
Construction of low voltage reticulation 90 128
Maintenance of assets 998 1,225
Consumer Connections & Disconnections - -
Other services 461 663

The Contracting Division of Marlborough Lines Limited has paid for the following:

Service 2001 2000
Other services 458 682

At year end there were no outstanding balances.

10.3 Shareholders

The Trustees of the Marlborough Electric Power Trust hold all of the Company's shares. The company may from time to time advance funds of a short term nature to the Marlborough Electric Power Trust. The company dividend is also paid to the same trust.

  • Dividends paid to the trust: 100 (2001), 150 (2000)
  • Secretarial costs charged to the trust: 7 (2001), 7 (2000)
  • Amounts owed by the trust to the company as at 31 March:
    • to be paid as a normal monthly account: 18


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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2001, No 121


Gazette.govt.nz PDF NZ Gazette 2001, No 121





✨ LLM interpretation of page content

🏭 Marlborough Lines Limited Financial Statements Notes (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Fair Values, Related Parties, Legal Services, Consulting Services, Construction, Maintenance, Dividends, Marlborough Lines Limited
  • PJ Radich, Provided legal services