← Page 4474

New Zealand Gazette – 2006 – No. 154

Page 4475

Page 4476 →

✨ Financial Statements Notes

28 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 154
4475

NGC Gas Retailing Activities

Notes to the Financial Statements

For the Year Ended 30 June 2006

For the purposes of the Gas (Information Disclosure) Regulations 1997

Financial Instruments

Interest Rate Risk

Interest rate risk is managed in accordance with the group treasury policy.

Credit Risk

Financial instruments which potentially are subject to credit risk consist principally of cash deposits and trade debtors.

Cash deposits are placed with a small number of banking institutions and the amounts deposited with each institution is limited. The credit limits are set in accordance with the group treasury policy.

Credit evaluations are completed on customers where necessary and a bond required when customers cannot demonstrate an adequate credit history.

There are no significant concentrations of credit risk.

Foreign Currency Risk

Transactions that are denominated in foreign currencies from time to time result in exposure to foreign currencies. These exposures are managed in accordance with treasury policy.

Fair Values

The carrying value of trade receivables and payables, cash and short term deposits, bank overdraft and short term loan is equivalent to their fair value.

Capital and Operating Lease Commitments

There is no capital expenditure committed but not recorded in these financial statements for the year ended 30 June 2006 (30 June 2005: nil).

$Thousands

Operating Lease Commitments	2006	2005
Non cancellable operating lease rentals are payable as follows:
Not later than one year	31	25
Between one and two years	25	14
Between two and five years	14	8
Later than five years	-	-
	70	47

The majority of the operating lease commitments relate to premises leases.

VUW Te Waharoa — NZ Gazette 2006, No 154

Gazette.govt.nz — NZ Gazette 2006, No 154

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

💰 Certification of NGC Gas Retailing Financial Statements (continued from previous page)

Domain💰 Finance & Revenue
Dated9 November 2006
KeywordsFinancial Statements, Gas Retailing, Interest Rate Risk, Credit Risk, Foreign Currency Risk, Lease Commitments, Treasury Policy

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index