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New Zealand Gazette – 2001 – No. 73

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✨ Financial Statements

Network Tasman Limited

Line Business Financial Statements

Notes to the financial statements
For the year ended 31 March 2001

16. Commitments

Capital commitments

There were no capital commitments as at 31 March 2001 (2000: $560,000).

Operating lease commitments

Lease commitments under non-cancellable operating leases:

Duration	Amount
Less than one year	217
Between one and two years	217
Between two and five years	652
Greater than five years	2,012

Total operating lease commitments | 3,098 |

17. Contingencies

Network Tasman Limited has issued court proceedings against Transpower New Zealand Limited in respect of the Output Connection Contract.

There is no adverse financial exposure to Network Tasman Limited except for associated legal costs.

As at 31 March 2001 there were no material contingent liabilities.

18. Comparative information

Certain comparative information in the financial statements has been reclassified in order to provide a more appropriate basis for comparison.

VUW Te Waharoa — NZ Gazette 2001, No 73

Gazette.govt.nz — NZ Gazette 2001, No 73

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✨ LLM interpretation of page content

🏭 Network Tasman Limited Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Commitments, Lease Commitments, Contingencies, Comparative Information

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