✨ Financial Transactions
Other Line Business Related Parties:
The Lines Business has a borrowing facility with Dunedin City Treasury Ltd. During the year it paid $7.784 million interest (2002: $7.556 million) and as at 31 March 2003 $117.0 million of loan monies were outstanding (2002: $114.0 million).
During the year the Lines Business also undertook the following transactions with Dunedin City Holdings Ltd:
Purchase of subvention expense $1.19 million (2002: $1.57 million)
Dividends provided $9.08 million (2002: $7.67 million)
As at 31 March 2003, $0.9 million was outstanding (2002: $1.2 million).
No tax losses were purchased from the Council and other companies in the Dunedin City Council group to reduce group tax payable in the 2003 year (2002: $2.45 million with a tax effect of $0.8 million).
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 99
Gazette.govt.nz —
NZ Gazette 2003, No 99
✨ LLM interpretation of page content
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Disclosure of Transactions with Related Parties
(continued from previous page)
💰 Finance & RevenueRelated Party Transactions, Financial Disclosure, Interest Payments, Loan Monies, Subvention Expense, Dividends, Tax Losses