✨ Financial Statements Notes
28 MAY NEW ZEALAND GAZETTE 1209
2.3 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
(con't)
16 Capital commitments
At balance date, there was no estimated capital expenditure contracted for but not provided for.
17 Contingent liabilities
The company has no contingent liabilities at balance date.
18 Transactions with related parties
Deutsche Bank AG is a shareholder in the parent company of UtiliCorp NZ Limited and details of transactions apportioned to the Gas Lines have been disclosed as if Deutsche Bank AG were a related party.
| $000s | |
|---|---|
| Success fees paid to Deutsche Bank Limited | $5,000 |
| Interest payments to Deutsche Bank AG | $2,021 |
| Borrowings owing to Deutsche Bank AG | $251,706 |
| Interest and other balances due to Deutsche Bank AG | $1,807 |
A New Zealand subsidiary of Deutsche Bank AG purchased a shareholding in a parent company of UtiliCorp NZ Limited on 30 June 2000. Deutsche Bank provides advisory and financing services to UnitedNetworks Limited. All transactions between UnitedNetworks Limited and Deutsche Bank are conducted on an arms length basis under normal market conditions.
19 Events occurring after balance date
The Directors are not aware of any significant event occurring subsequent to balance date which, if known at balance date, would have resulted in a different assessment of the amount attributable to an item in the financial statements.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 53
Gazette.govt.nz —
NZ Gazette 2001, No 53
✨ LLM interpretation of page content
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Notes to Financial Statements for 9 months ended 31 December 2000
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Capital Commitments, Contingent Liabilities, Related Party Transactions, Post-Balance Date Events