New Zealand Gazette – 2003 – No. 3

Page 97

✨ Financial Statements

10 JANUARY NEW ZEALAND GAZETTE 97

Other Line Business Related Parties:

The Lines Business has a borrowing facility with Dunedin City Treasury Ltd. During the year it paid $7.556 million interest (2001: $7.605 million) and as at 31 March 2002 $114.0 million of loan monies were outstanding (2001: $110.8 million).

During the year the Lines Business also undertook the following transactions with Dunedin City Holdings Ltd:

Purchase of subvention expense $1.57 million (2001: $2.06 million)
Dividends provided $7.67 million (2001: $6.0 million)

As at 31 March 2002, $1.2 million was outstanding (2001: $1.6 million).

Tax losses of $2.45 million (tax effect $0.8 million) were purchased from the Council and other companies in the Dunedin City Council group to reduce group tax payable in the 2002 year.

VUW Te Waharoa — NZ Gazette 2003, No 3

Gazette.govt.nz — NZ Gazette 2003, No 3

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

💰 Financial Statements and Equity Movements (continued from previous page)

Domain💰 Finance & Revenue
Dated10 January 2003
KeywordsBorrowing Facility, Interest Payments, Subvention Expense, Dividends, Tax Losses

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