New Zealand Gazette – 2006 – No. 151

Page 4389

✨ Financial Statements Notes

27 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 151
4389

HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

NOTES TO THE FINANCIAL STATEMENTS

14 OPERATING LEASES
Operating lease commitments fall due for repayment in the following periods:
Within One Year 63 63
Within One to Two Years 63 63
Within Two to Five Years 169 190
Within Five to Eight Years - 42
295 358

15 REMUNERATION OF AUDITORS
Amounts received, or due and receivable, by the principal auditors for:
Auditing the Financial Statements: 43 40
Other Audit Fees 26 23
69 63
Other Services:
Assurance related 21 48
Total Payments to Auditors 90 111

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 131 271
Dividend paid to Eastern Bay Energy Trust 3,755 4,443
Transfers to and from "Other" Business 612 (0)

Balance
Amounts Owed by "Other" Business for Re-allocations to and
from "Other" Business 2,040 1,427
Amounts owed by Eastern Bay Energy Trust - -

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

VUW Te Waharoa — NZ Gazette 2006, No 151

Gazette.govt.nz — NZ Gazette 2006, No 151

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Operating Leases, Remuneration of Auditors, Related Party Transactions, Horizon Energy Distribution Limited

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