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New Zealand Gazette – 2006 – No. 154

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✨ Financial Statements Notes

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

Related Party Transactions

Goods or Services	Terms	$ Thousands
		2006
Sale of gas	Gas Retailing Activities sold gas to Kapuni Energy Joint Venture based on standard terms and conditions	5,968
Sale of gas	Gas Retailing Activities sold fuel gas to Kapuni Gas Treatment Plant on standard terms and conditions	3,086
Sale of gas	Gas Retailing Activities sell's gas to Gas Transmission for use in the compressors and line heaters on standard terms and conditions	3,279
Gas cost	Gas Retailing Activities bought gas from Gas Wholesaling Activities based on actual amounts billed and notional revenue charged to Gas Retailing Activities based on Gas Wholesales's cost of gas	101,087
Transmission fees	Gas Retailing Activities bought transmission services from Gas Transmission Activities based on actual revenue charged and notional revenue charged to Gas Retailing Activities	30,591
Processing fees	Gas Retailing Activities bought processing services from Kapuni Energy Joint Venture and Kapuni Gas Treatment Plant based on notional revenue charged to Gas Retailing Activities	182
Distribution fees	Gas Retailing Activities bought transmission services from Gas Distribution Activities based on standard terms and conditions	3,282
Metering fees	Gas Retailing Activities bought metering services from NGC Metering Limited based on standard terms and conditions	1,028
Distribution fees	Gas Retailing Activities bought transmission services from Vector Limited based on standard terms and conditions	3,842

Contingent Liabilities

There are no contingent liabilities which would have a material adverse effect on these financial statements.

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, Related Party Transactions, Contingent Liabilities

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