New Zealand Gazette – 2006 – No. 162

Page 4717

✨ Financial Statements Continuation

1 DECEMBER 2006

NEW ZEALAND GAZETTE, No. 162

4717

14. RELATED PARTIES

Transactions with these related parties are for the period 1 April 2005 to 31 March 2006. No related party debt has been written off or forgiven.

14.1 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	150
Administrative Costs Charged to the Trust	-	-
Amounts Owed by the Trust to the Company as at 31 March	-	-

14.2 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 | <1

14.3 Marlborough Lines’ Contracting business

The contracting division of Marlborough Lines Limited has provided the following services at commercial rates:

Construction of sub transmission assets	91	5
Construction of zone substations	44	105
Construction of distribution lines and cables	575	286
Construction of medium voltage switchgear	28	24
Construction of distribution substations	240	20
Construction of low voltage reticulation	136	124
Maintenance of assets	1406	1,191
Consumer Connections & Disconnections	-	-
Other services	486	535

The Contracting Division of Marlborough Lines Limited has paid for the following:

Other services | 4 | 94

At year end there were no outstanding balances (31 March 2005 nil)

15. 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.

VUW Te Waharoa — NZ Gazette 2006, No 162

Gazette.govt.nz — NZ Gazette 2006, No 162

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

🏭 Marlborough Lines Limited Financial Statements for the Year Ended 31 March 2006 (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Related parties, Dividends, Administrative costs, Legal services, Contracting business, Construction, Maintenance
👱🏽 Names

D W R Dew, Provided legal services

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