✨ Financial Statements
19 JANUARY 2005 NEW ZEALAND GAZETTE, No. 18
415
14.4 Fair Values
The carrying amount of cash, short term deposits and trade receivables reflect their fair values. The fair value of foreign currency forward exchange contracts represents the estimated amount the Company would receive on termination of the contract at balance date, thereby taking into account the unrealised gain of open contracts.
- RELATED PARTIES
Transactions with these related parties are for the period 1 April 2003 to 31 March 2004. No related party debt has been written off or forgiven
| 2004 | 2003 | |
|---|---|---|
| $000's | $000's |
15.1 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 | - | 1
Amounts Owed by the Trust to the Company as at 31 March | - | 1
15.2 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 | -
P J Radich (Radich Dwyer) | - | 10
15.3 Marlborough Lines’ Contracting business
The contracting division of Marlborough Lines Limited has provided the following services at commercial rates:
Construction of sub transmission assets | 9 | 5
Construction of zone substations | 78 | 140
Construction of distribution lines and cables | 191 | 127
Construction of medium voltage switchgear | 15 | 19
Construction of distribution substations | 23 | 14
Construction of low voltage reticulation | 134 | 94
Maintenance of assets | 1,103 | 1,268
Consumer Connections & Disconnections | - | -
Other services | 697 | 393
The Contracting Division of Marlborough Lines Limited has paid for the following:
Other services | 109 | 460
At year end there were no outstanding balances (31 March 2003 nil)
- 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.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 18
Gazette.govt.nz —
NZ Gazette 2005, No 18
✨ LLM interpretation of page content
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Marlborough Lines Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Performance, Revenue, Expenditure, Marlborough Lines Limited, Fair Values, Related Parties
- D W R Dew, Associated with legal services transaction
- P J Radich, Associated with legal services transaction