New Zealand Gazette – 2003 – No. 160

Page 4441

✨ Financial Transactions

26 NOVEMBER NEW ZEALAND GAZETTE 4441

12. Related Parties Transactions

NGC Management Limited provides management services in respect of the gas wholesaling activities. Management fees were paid to NGC Management Limited of $1.8 million (30 June 2002: $1.9 million).

NGC Wholesale Gas had sales of gas to NGC Retail $164.6 million (30 June 2002: $156.4 million).

Transmission purchases from NGC Transmission were $1.7 million (30 June 2002: $3.0 million). A share of the costs of the Kapuni Gas Treatment Plant, $1.9 million (30 June 2002: $0.6 million), were purchased from NGC KGTP.

Transactions with related parties are settled in the ordinary course of business. No amounts have been written off or forgiven during the year ended 30 June 2003 (2002: $nil).

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 Transactions, Management Services, Gas Sales, Transmission Purchases, Related Parties

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