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New Zealand Gazette – 2006 – No. 154

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✨ Financial Statements Notes

NGC Gas Transmission Activities

Notes to the Financial Statements

For the Year Ended 30 June 2006

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

11. Related Party Transactions

Goods or Services	Terms	$ Thousands
		2006
Transmission fees	Gas Transmission Activities sold transmission services to Gas Wholesaling Activities based on actual revenue charged and notional revenue charged to Gas Wholesaling Activities.	645
Transmission fees	Gas Transmission Activities sold transmission services to Gas Retailing Activities based on actual revenue charged and notional revenue charged to Gas Retailing Activities.	30,591
Fuel gas	Gas Transmission Activities bought fuel gas from gas Retailing Activities for use in compressors and line heaters on standard terms and conditions.	3,279
Gas swap fees	Gas Transmission Activities entered into Operational Gas Swap arrangements with Gas Wholesaling Activities	768
Mechanical services	Gas Transmission Activities bought mechanical services at market rates from Kapuni Gas Treatment Plant for the maintenance of its export compressor based at Kapuni.	1,010

12. Contingent Liabilities

There are no contingent liabilities which would have a material adverse effect on these financial statements (30 June 2005: Nil).

VUW Te Waharoa — NZ Gazette 2006, No 154

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

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Notes to the Financial Statements for NGC Gas Transmission (continued from previous page)

Domain💰 Finance & Revenue
KeywordsRelated Party Transactions, Transmission Fees, Fuel Gas, Gas Swap Fees, Mechanical Services, Contingent Liabilities

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