New Zealand Gazette – 2001 – No. 131

Page 3351

✨ Financial Statements Notes



NOTES TO THE FINANCIAL STATEMENTS

2001
$'000
2000
$'000

Note 10: Analysis of non-cancellable operating lease commitments

  • Payable not later than one year: 27 (2000: 28)
  • Payable later than one year, not later than two years: 24 (2000: 28)
  • Payable later than two years, not later than five years: 19 (2000: 45)
  • Payable later than five years: 0 (2000: 0)

Note 11: Environmental Policy

CENTRALINES endeavours to adhere to a sustainable use policy with a minimum of environmental disturbance and desecration. To date, CENTRALINES is unaware of any of its projects or operations that would not meet the above policy nor any environmental regulations currently in existence in New Zealand.

Note 12: Capital Commitments and Contingent Liabilities

As at 31 March 2001, the company had no contingent liabilities (2000 also Nil).

As at 31 March 2001 there were Capital Commitments of $23,000 (2000 $44,864).

Note 13: Related Party Information

Directors' transactions with the company were made under normal terms and conditions of supply and sale available to members of staff. No discounts were given during the year.

Contractable contracting services in asset construction and maintenance were provided by CENTRALINES's contracting division at cost, including overheads, and as detailed, respectively, here and in Note 16.12b below.

2001 2000
Subtransmission assets 0 0
Zone substations 0 0
Distribution lines and cables 0 0
Medium voltage switchgear 0 0
Distribution transformers 0 0
Distribution substations 0 0
Low voltage lines and cables 713 355
Other system fixed assets 0 0

As at 31 March 2001, there were no outstanding balances for related parties other than those disclosed (2000 also Nil).

All transactions with other related parties are also made under normal terms and conditions of supply and sale. No related party debts were forgiven or written off during the year.

Note 14: Financial Instruments

CENTRALINES has no off balance sheet financing (other than those disclosed in these notes), nor any foreign exchange exposure. All instruments are carried at fair value and take into account the company's maximum exposure to credit risk.

Concentrations of credit risk with respect to receivables are limited due to a large customer base to whom the company supplies services.

The interest rates on the company's deposits are presented in note 6.

Note 15: Significant Events after Balance Date

The company is not aware of any post balance date events which would have a significant effect on the business activities of CENTRALINES.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 131


Gazette.govt.nz — PDF NZ Gazette 2001, No 131




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
31 March 2001
Financial Statements, Operating Lease Commitments, Environmental Policy, Capital Commitments, Contingent Liabilities, Related Party Information, Financial Instruments, Significant Events, Centralines Limited