New Zealand Gazette – 2001 – No. 165

Page 4027

✨ Financial Statements



30 NOVEMBER
NEW ZEALAND GAZETTE
4027

  1. Related Party Transactions

The related party advance is an advance to AGLNZE from AGL NZ Limited. The balance has no fixed repayment term, is unsecured and bears no interest. Subsequent to year end, the loan was repaid.

Gas transportation charges were paid by On energy Limited, a subsidiary of Natural Gas Corporation Holdings Limited.

  1. Deferred Income

$Thousands

2001 2000
Balance as at 1 July 17 4,908
Less amount amortised to earnings (5) (4,891)
12 17

Deferred income represents contributions from customers as explained in Note 1(d)(vi).

  1. Capital Commitments

Amounts committed but not recorded in these financial statements total $0.9 million (2000 $0.9 million).

$ Thousands

Operating Lease Commitments

2001 2000
Non cancellable operating lease rentals are payable as follows:
Not later than one year 166 276
Between one and two years 133 220
Between two and five years 159 298
Later than five years - 159
458 953
  1. Contingent Liabilities

There are no contingent liabilities which would have a material adverse effect on the financial statements.

  1. Subsequent Events

On 25 July 2001, subsequent to the year end, AGLNZE sold its network assets, and the proceeds were used to repay the related party advance (Note 7).



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 165


Gazette.govt.nz — PDF NZ Gazette 2001, No 165




✨ LLM interpretation of page content

🏭 Natural Gas Corporation Financial Position Statement (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statement, Natural Gas, Related Party Transactions, Deferred Income, Capital Commitments, Contingent Liabilities, Subsequent Events