New Zealand Gazette – 2005 – No. 138

Page 3349

✨ Financial Statements

23 AUGUST 2005 NEW ZEALAND GAZETTE, No. 138 3349

14. RELATED PARTIES

Transactions with these related parties are for the period 1 April 2004 to 31 March 2005. No related party debt has been written off or forgiven

14.1 Marlborough Electric Power Trust

The Trustees of the Marlborough Electric Power Trust hold all of the Company’s shares. The Company may from time to time advance funds of a short term nature to the Trust; the Company also pays dividends to the same Trust.

Dividends Paid to the Trust: 150
Administrative Costs Charged to the Trust: -
Amounts Owed by the Trust to the Company as at 31 March: -

	2005 $000’s	2004 $000’s
Dividends Paid	150	-

14.2 Parties Associated with Directors

The company undertook one transaction with a party associated with a director of Marlborough Lines Limited. The transaction involved the provision of legal services. The transaction was at commercial rates.

D W R Dew (Dew and Company): <1 <1

14.3 Marlborough Lines' Contracting business

The contracting division of Marlborough Lines Limited has provided the following services at commercial rates:

Service	2005 $000’s	2004 $000’s
Construction of sub transmission assets	5	9
Construction of zone substations	105	78
Construction of distribution lines and cables	286	191
Construction of medium voltage switchgear	24	15
Construction of distribution substations	20	23
Construction of low voltage reticulation	124	134
Maintenance of assets	1,191	1,103
Consumer Connections & Disconnections	-	-
Other services	535	697

The Contracting Division of Marlborough Lines Limited has paid for the following:

Service	2005 $000’s	2004 $000’s
Other services	94	109

At year end there were no outstanding balances (31 March 2004 nil)

15. EVENTS SUBSEQUENT TO BALANCE DATE

The Directors are not aware of any matter or circumstance since the end of the financial year not otherwise dealt with in these financial statements, that has or may significantly affect the operations of Marlborough Lines.

VUW Te Waharoa — NZ Gazette 2005, No 138

Gazette.govt.nz — NZ Gazette 2005, No 138

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✨ LLM interpretation of page content

🏭 Financial Statements Notes for Marlborough Lines Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsProvisions, Commitments, Contingent Liabilities, Financial Instruments, Credit Risk, Interest Rate Risk, Currency Risk, Fair Values

🏭 Related Parties Transactions

Domain🏭 Trade, Customs & Industry
KeywordsMarlborough Electric Power Trust, Dividends, Administrative Costs, Legal Services, Contracting Business

🏭 Events Subsequent to Balance Date

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operations, Marlborough Lines

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