New Zealand Gazette – 2003 – No. 160

Page 4439

✨ Financial Statements

26 NOVEMBER
NEW ZEALAND GAZETTE
4439

c) Gasbank II
NGC’s Maui gas includes entitlements at 30 June 2003 of 74.6 PJ of PPG gas and 0.3PJ of current year prepaid take or pay quantities of gas. The 74.6 PJ includes the balances of the gas transferred back to NGC by Shell New Zealand of 75.0PJ in August 2002 for no consideration. Access to PPG is available when NGC exceeds its ACQ in a contract year and in the final three contract delivery years of the Contract. NGC may be financially compensated by the Crown for all or part of any prepaid gas not uplifted at the end of the Maui contract. Based on the Redetermination NGC expects to access approximately 52.2 PJ of prepaid gas.

d) Kapuni Indemnity Gas
NGC has exercised its option to purchase up to 70 PJ of gas from Shell New Zealand starting in 2005. Negotiations have begun over the detailed contract for this gas. NGC also has entitlements to 50% of the gas production from the Kapuni gas field.

Accounts Receivable

	$Thousands
	2003	2002
Trade debtors	2,011	21,705
Prepayments and sundry receivables	3,892	388
Amounts owing from NGC Group Companies	-	598
	5,903	22,691

Notional Reserves

Gas Wholesaling is not a company and therefore has no share capital. Notional reserves are determined on the basis that Gas Wholesaling is fully equity funded by NGC New Zealand Limited. Notional reserves therefore represent all funding provided to Gas Wholesaling by the NGC Group.

Accounts Payable and Accruals

	$Thousands
	2003	2002
Accounts payable and accrued expenses	1,223	19,285
Amounts owing to other NGC Group Companies	-	525
	1,223	19,810

VUW Te Waharoa — NZ Gazette 2003, No 160

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

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🌾 NGC Gas Wholesaling Activities Financial Position (continued from previous page)

Domain🌾 Primary Industries & Resources
Dated26 November 2003
KeywordsFinancial Statements, Accounting Policies, Gas Wholesaling, NGC, Revenue, Expenses, Taxation

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index