New Zealand Gazette – 2007 – No. 132

Page 3419

✨ Financial Statements Notes

30 NOVEMBER 2007 NEW ZEALAND GAZETTE, No. 132 3419

VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2007

16. TRANSACTIONS WITH RELATED PARTIES

NATURE OF THE TRANSACTION	RELATED PARTY	2007 $000	2006 $000
Vector gas distribution activities sold distribution services based on standard terms and conditions.	Gas retailing activities	4,555	3,842
NGC gas distribution activities sold distribution services based on standard terms and conditions.	Gas retailing activities	3,640	3,282
Vector gas distribution purchased telecommunication services based on standard terms and conditions.	Vector Communications Limited	-	200

17. INTERNATIONAL FINANCIAL REPORTING STANDARDS

A detailed disclosure of the Vector group's New Zealand equivalents to International Financial Reporting standards (NZ IFRS) transition management, impacts on transition to NZ IFRS, significant changes in accounting policies on transition to NZ IFRS and exemptions taken on transition to NZ IFRS is available under Note 34 of the Vector group's annual report for the year ended 30 June 2007.

VUW Te Waharoa — NZ Gazette 2007, No 132

Gazette.govt.nz — NZ Gazette 2007, No 132

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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Gas Distribution Activities (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial statements, Related party transactions, Gas distribution, Telecommunication services, International Financial Reporting Standards

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