✨ Financial Statements Notes
NGC HOLDINGS LIMITED
GAS WHOLESALING ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2007
6. RECEIVABLES AND PREPAYMENTS
| NOTE | 2007 |
|---|---|
| $'000 |
Current
- Prepayments and other receivables | 1,072 | 1,072 |
- Trade receivables | 16,772| 5,200 |
Total | 17,844| 6,272 |
Non-current
- Other receivables | - | 1,400 |
Total | - | 1,400 |
7. PAYABLES AND ACCRUALS
| 2007 | |
|---|---|
| $'000 |
Current
- Trade payables and other creditors | 25,998 |
- Provisions | - | 26,899 |
Total | 25,998 | 26,899 |
8. PROVISIONS
| 2007 | |
|---|---|
| $'000 |
- Balance at the beginning of the year | - | 1,200 |
- Unused provision reversed to the statement of financial performance | - | (1,200)|
Balance at the end of the year | - | - |
9. COMMITMENTS
There is no capital expenditure committed but not recorded in these financial statements for the year ended 30 June 2007 (30 June 2006: Nil).
Operating Lease Commitments
| 2007 | |
|---|---|
| $'000 |
- Within one year | 17 |
- One to two years | 15 |
- Two to five years | 27 |
- Beyond five years | 6 |
Total | 65 |
The majority of the operating lease commitments relate to premises leases.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 132
Gazette.govt.nz —
NZ Gazette 2007, No 132
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Notes to the Financial Statements
(continued from previous page)
💰 Finance & Revenue14 November 2007
Financial statements, Receivables, Prepayments, Payables, Accruals, Provisions, Commitments, Operating leases