β¨ 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
- Owed by the company as at 31 March: 26
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 —
NZ Gazette 2001, No 121
Gazette.govt.nz —
NZ Gazette 2001, No 121
β¨ LLM interpretation of page content
π
Marlborough Lines Limited Financial Statements Notes
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Fair Values, Related Parties, Legal Services, Consulting Services, Construction, Maintenance, Dividends, Marlborough Lines Limited
- PJ Radich, Provided legal services