New Zealand Gazette – 2005 – No. 127

Page 3079

✨ Financial Statements

17 AUGUST 2005
NEW ZEALAND GAZETTE, No. 127
3079

HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

NOTES TO THE FINANCIAL STATEMENTS

	Lines Business 2005 $000	Lines Business 2004 $000
14 OPERATING LEASES
Operating lease commitments fall due for repayment in the following periods:
Within One Year	63	45
Within One to Two Years	63	45
Within Two to Five Years	190	135
Within Five to Eight Years	42	75
	358	300

15 REMUNERATION OF AUDITORS

Amounts received, or due and receivable, by the principal auditors for:


Auditing the Financial Statements:	50	49
Other Services:
Assurance related	63	118
	63	118
Total Payments to Auditors	113	167

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	271	240
Dividend paid to Eastern Bay Energy Trust	4,443	4,250
Transfers to and from "Other" Business	(195)	(562)

Balance


Amounts Owed by "Other" Business for Re-allocations to and from "Other" Business	1,427	1,622
Amounts owed by Eastern Bay Energy Trust	-	186

Eastern Bay Energy Trust owns 77.29% of the ordinary shares of Horizon Energy Distribution Limited.

At 31 March 2005, activities and assets identified as relating to non-lines business have been transferred to the "Other" business.

VUW Te Waharoa — NZ Gazette 2005, No 127

Gazette.govt.nz — NZ Gazette 2005, No 127

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✨ LLM interpretation of page content

🏭 Horizon Energy Distribution Limited Financial Statements (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Leases, Auditor Remuneration, Related Party Transactions

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