New Zealand Gazette – 2001 – No. 165

Page 4046

✨ Financial Statements



4046 NEW ZEALAND GAZETTE No. 165

  1. Accounts Receivable
$Thousands
2001 2000
Trade Debtors 4,766 3,964
Prepayments and Sundry Receivables 3,865 5,262
8,631 9,226
  1. Notional Reserves

Gas Transmission is not a company and therefore has no share capital. Notional reserves are determined on the basis that Gas Transmission is fully equity funded by Natural Gas Corporation of New Zealand Limited. Notional reserves therefore represent all funding provided to Gas Transmission by the Natural Gas Corporation Group.

  1. Deferred Income
$Thousands
2001
Balance as at 1 July 1,307
Less amount amortised to earnings (1,307)
-

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

  1. Capital Commitments

Capital amounts committed but not recorded in these financial statements total $0.93 million (2000, $1.88 million).

Operating Lease Commitments $Thousands
2001
Non cancellable operating lease rentals are payable as follows:
Not later than one year 74
Between one and two years 50
Between two and five years 116
Later than five years -
240
  1. Contingent Liabilities

There are no contingent liabilities, which would have a material adverse effect on these financial statements (2000, Nil).



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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 Statements (continued from previous page)

🏭 Trade, Customs & Industry
23 November 2001
Financial Statements, Accounts Receivable, Notional Reserves, Deferred Income, Capital Commitments, Contingent Liabilities, Natural Gas Corporation