New Zealand Gazette – 2005 – No. 142

Page 3469

✨ Financial Statements



CENTRALINES LIMITED - Lines Business

Notes to the Financial Statements

For the year ended 31 March 2005

Note 8: Related Party Information

CHB Consumers Power Trust owns all of the issued capital of Centralines Limited.

Directors' transactions with the company were made under normal terms and conditions of supply and sale. No discounts were given during the year.

2005 2004
J Aitken - 294
M Luoni - -
J Loughlin - -
H Donald 817 -

As at 31 March 2005, the total amount outstanding was nil (2004 nil)

Contestable contracting services in asset construction and maintenance were provided by Centralines contracting division at cost, including overheads, and as detailed, respectively, here and in Note 18.12b below. Unit price and quantities have not been determined.

2005 2004
Sub transmission assets 9 22
Zone substations 32 35
Distribution lines and cables 997 954
Medium voltage switchgear 19 19
Distribution transformers 93 85
Distribution substations 27 26
Low voltage lines and cables 212 153
Other system fixed assets - -

Note 9: Capital Commitments

As at 31 March 2005 Centralines had no capital commitments (2004 nil).

Note 10: Reconciliation of Cashflow with Operating Surplus

2005 ($'000) 2004 ($'000)
Reported surplus after taxation 896 1,675
Add Non-Cash Items
Newly Identified Assets -53 (272)
Depreciation 1,534 1,069
1,534 797
Changes in Working Capital
(Increase) decrease in receivables and prepayments (57) 873
Decrease (increase) in inventories 78 (85)
Increase (decrease) in accounts payable, accruals 412 223
(Decrease) increase in employee entitlements (5) (3)
(Decrease) Increase provision for taxation (618) (721)
(190) 287

Net cash flow from operating activities | 2,240 | 2,759 |

Note 11: Contingent Liabilities

As at 31 March 2005 the company had no contingent liabilities (2004 nil).



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 142


Gazette.govt.nz — PDF NZ Gazette 2005, No 142




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Centralines Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Related Party Information, Capital Commitments, Cashflow Reconciliation, Contingent Liabilities, Centralines Limited
  • J Aitken, Director with transactions
  • M Luoni, Director with transactions
  • J Loughlin, Director with transactions
  • H Donald, Director with transactions