New Zealand Gazette – 2004 – No. 157

Page 3896

✨ Financial Statements



3896 NEW ZEALAND GAZETTE, No. 157 30 NOVEMBER 2004

  1. Capital Commitments

Amounts committed but not recorded in these financial statements total $nil (2003: $nil).

  1. Contingent Liabilities

There are no material contingent liabilities or legal proceedings outstanding.

  1. Related Parties Transactions

NGC Management Limited provides services in respect of the Gas Wholesaling Activities. Management fees were paid to NGC Management Limited of $0.9 million (30 June 2003: $0.8 million).

Gas Wholesale Activities had sales of gas to Gas Retailing Activities of $115.1 million (30 June 2003: $151.5 million) and sales of by products to NGC New Zealand Limited of $5.8 million (30 June 2003: $4.6 million).

Transmission purchases from NGC New Zealand Limited were $0.6 million (30 June 2003: $0.6 million) and processing services from NGC New Zealand Limited were $3.2 million (30 June 2003: $0.7 million).

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 2004 (2003: $nil).



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 157


Gazette.govt.nz — PDF NZ Gazette 2004, No 157




✨ LLM interpretation of page content

🏭 Financial Instruments for Gas Wholesaling (continued from previous page)

🏭 Trade, Customs & Industry
Capital Commitments, Contingent Liabilities, Related Parties Transactions, Financial Statements