✨ Financial Statements
HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business
NOTES TO THE FINANCIAL STATEMENTS
| NOTE | Lines Business 2003 $000 | Lines Business 2002 $000 |
|---|
14 OPERATING LEASES
Operating lease commitments fall due for repayment in the following periods:
- Within One Year: 47 40
- Within One to Two Years: 45 16
- Within Two to Five Years: 135 -
- Within Five to Eight Years: 120 -
Total: 347 56
15 REMUNERATION OF AUDITORS
Amounts received, or due and receivable, by the principal auditors for:
- Auditing the Financial Statements: 42 41
Other Services:
- Assurance related: 48 92
Total Payments to Auditors: 90 133
16 RELATED PARTY TRANSACTIONS
The Company conducts business predominantly in the Eastern Bay of Plenty and undertakes transactions with shareholders, company officers and other related parties that reside in the region. All transactions with related parties have been carried out on a commercial and "arms length" basis.
Transactions:
- Sales to Eastern Bay Energy Trust: 59 3
- Dividend paid to Eastern Bay Energy Trust: 4,829 2,125
- Transfers to and from "Other" business: 1,894 (220)
Balance:
- Amounts owed by "Other" business for re-allocations to and from "Other" business: 2,184 290
- Amounts owed by Eastern Bay Energy Trust: 59 3
Eastern Bay Energy Trust owns 77.29% of the ordinary shares of Horizon Energy Distribution Limited.
During 2003, certain activities and assets identified as relating to non-lines business have been transferred to "Other" business at book values.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 90
Gazette.govt.nz —
NZ Gazette 2003, No 90
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Financial Statements for Horizon Energy Distribution Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Operating Leases, Auditor Remuneration, Related Party Transactions