New Zealand Gazette – 2003 – No. 133

Page 3608

✨ Vector Limited Financial Statements



3608

NEW ZEALAND GAZETTE

No. 133

VECTOR Limited
Electricity Lines Business

Notes to the Financial Statements
For the year ended 31 March 2003

11. CAPITAL BONDS - CONTINUED

The following related parties held capital bonds in VECTOR Limited, of which the electricity lines business is the predominant activity:

Related party Nature of Interest Number of bonds
B K Plimmer Beneficial 10,000
B W Leyland Beneficial 40,000
D G Mclaren Beneficial 100,000
J G Collinge Beneficial 125,000
J G Collinge Non-beneficial 75,000
W R Boyd Non-beneficial 50,000
M P Stiassny Non-beneficial 150,000

12. PAYABLES AND ACCRUALS

Notes 2003 2002
$000 $000
Trade payables and other creditors 48,024 35,279
Provisions for claims 13 513 200
Interest payable 19,045 3,404
Employee entitlements 2,247 1,243
Balance at end of year 69,829 40,126

13. PROVISIONS FOR CLAIMS

2003 2002
Balance at beginning of year 200 4,927
Additions 333 -
Used (20) (2,356)
Reversed - (2,371)
Balance at end of year 513 200

Timing of the outflows of the end of year balance of provisions for claims is uncertain pending settlement of various matters.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 133


Gazette.govt.nz — PDF NZ Gazette 2003, No 133




✨ LLM interpretation of page content

🏭 Vector Limited Financial Position Statements (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2003
Electricity, Financial Statements, Borrowings, Interest Rates, Capital Bonds, Bank Loans, Commercial Paper, Medium Term Notes, Covenants, Compliance
6 names identified
  • B K Plimmer, Held beneficial capital bonds
  • B W Leyland, Held beneficial capital bonds
  • D G Mclaren, Held beneficial capital bonds
  • J G Collinge, Held beneficial and non-beneficial capital bonds
  • W R Boyd, Held non-beneficial capital bonds
  • M P Stiassny, Held non-beneficial capital bonds