✨ Financial Statements Notes




NGC HOLDINGS LIMITED

GAS TRANSMISSION ACTIVITIES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2007

12. CONTINGENT LIABILITIES

The directors are aware of claims against entities within the Vector group and, where appropriate, have recognised provisions for these within the financial statements. No other material contingencies requiring disclosure have been identified (30 June 2006: nil).

13. RELATED PARTY TRANSACTIONS

NATURE OF THE TRANSACTION RELATED PARTY 2007 $\'000 2006 $\'000
Sale of transmission services based on actual revenue charged and
notional revenue charged. Gas Wholesaling Activities 316 645
Sale of transmission services based on actual revenue charged and
notional revenue charged. Gas Retailing Activities 30,885 30,591
Purchase of own use gas on standard terms and conditions. Gas Retailing Activities 3,456 3,279
Operational gas swap arrangements. Gas Wholesaling Activities 198 768
Purchase of mechanical services at market rates for the maintenance
of export compressor based at Kapuni. Kapuni Gas Treatment Plant 715 1,010
Debt funding Vector Limited 223,119 231,633


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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2007, No 132


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





✨ LLM interpretation of page content

πŸ’° Notes to the Financial Statements (continued from previous page)

πŸ’° Finance & Revenue
Financial statements, Contingent liabilities, Related party transactions, Gas transmission, Vector group, Gas Wholesaling Activities, Gas Retailing Activities, Kapuni Gas Treatment Plant, Vector Limited