New Zealand Gazette – 2002 – No. 113

Page 3009

✨ Financial Statements

21 AUGUST

NEW ZEALAND GAZETTE

3009

HORIZON ENERGY DISTRIBUTION LIMITED

Financial Statements for the purposes of the Electricity (Information Disclosure) Regulations 1999 and the Electricity (Information Disclosure) Amendment Regulations 2000, 2001

NOTES TO THE FINANCIAL STATEMENTS

	Lines Business 2002 $000	Lines Business 2001 $000

14 OPERATING LEASES

Operating lease commitments fall due for repayment in the following periods:


Within One Year	40	31
Within One to Two Years	16	-
Within Two to Five Years	56	31

15 REMUNERATION OF AUDITORS

Amounts received, or due and receivable, by the principal auditors for:


Auditing the Financial Statements	41	41

Other Services:


Assurance related	92	126
Consultancy	-	-
Total	92	126

Total Payments to Auditors | 133 | 167 |

16 RELATED PARTY TRANSACTIONS

The Company conducts business predominantly in the Eastern Bay of Plenty and undertakes transactions with shareholders, company officers and other related parties that reside in the region. All transactions with related parties have been carried out on a commercial and "arms length" basis.

Transactions

	2002	2001
Sales to Eastern Bay Energy Trust	3	56
Dividend paid to Eastern Bay Energy Trust	2,125	3,284

Balance

	2002	2001
Amounts owed by "Other for re-allocations to and from "Other"	290	510
Amounts owed by Eastern Bay Energy Trust	3	56

Eastern Bay Energy Trust owns 77.29% of the ordinary shares of Horizon Energy Distribution Limited.

VUW Te Waharoa — NZ Gazette 2002, No 113

Gazette.govt.nz — NZ Gazette 2002, No 113

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✨ LLM interpretation of page content

🏗️ Financial Statements of Horizon Energy Distribution Limited (continued from previous page)

Domain🏗️ Infrastructure & Public Works
KeywordsElectricity, Financial Performance, Revenue, Expenditure, Taxation, Horizon Energy, Distribution

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