New Zealand Gazette – 2003 – No. 160

Page 4426

✨ Financial Statements



4426

NEW ZEALAND GAZETTE

No. 160

  1. Deferred Expenditure

$Thousands

2003 2002
Balance as at 1 July 5,283 6,369
Less Amounts Amortised to Expenses (1,086) (1,086)
4,197 5,283
  1. Accounts Receivable

$Thousands

2003 2002
Trade Debtors 4,937 7,435
Prepayments and Sundry Receivables 249 1,155
5,186 8,590
  1. Notional Reserves

NGC’s Gas Transmission Activity 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 NGC. Notional reserves therefore represent all funding provided to Gas Transmission by the NGC Group.

  1. Capital Commitments

There were no capital amounts committed and not recorded in these financial statements (2002, Nil).

Operating lease commitments

$Thousands

2003 2002
Non cancellable operating leases are payable as follows
Not later than one year 48 61
Between one and two years 37 55
Between two and five years 39 89
Later than five years - -
124 205
  1. Contingent Liabilities

There are no contingent liabilities, which would have a material adverse effect on these financial statements (2002, Nil).



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 160


Gazette.govt.nz — PDF NZ Gazette 2003, No 160




✨ LLM interpretation of page content

🏭 Fixed Assets and Valuation Details (continued from previous page)

🏭 Trade, Customs & Industry
Deferred Expenditure, Accounts Receivable, Notional Reserves, Capital Commitments, Contingent Liabilities, Financial Statements, NGC Holdings Limited, Meritec Limited