New Zealand Gazette – 2008 – No. 185

Page 4853

✨ Financial Statements Notes



28 NOVEMBER 2008 NEW ZEALAND GAZETTE, No. 185 4853

NGC HOLDINGS LIMITED

GAS WHOLESALING ACTIVITIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2008

7. PAYABLES AND ACCRUALS

2008 2007
Current $000 $000
Trade payables and other creditors 21,824 25,998
Total 21,824 25,998

8. PROVISIONS

2008 2007
$000 $000
Balance at the beginning of the year - -
Additions:
Provision for onerous contracts 1,425 -
Provision for employee entitlements 96 -
Balance at the end of the year 1,521 -

The provision for onerous contracts relates to a historic loss making contract.

9. COMMITMENTS

There is no capital expenditure committed for and not recorded in these financial statements for the year ended 30 June 2008 (30 June 2007: nil).

Operating lease commitments

Non cancellable operating lease payments are as follows: 2008 2007
Within one year 42 17
One to five years 69 42
Beyond five years - 6
Total 111 65

The majority of the operating lease commitments relate to premises.

10. PROPERTY, PLANT AND EQUIPMENT

| | COST/
| | VALUATION | ACCUMULATED | NET BOOK
| | $000 | DEPRECIATION | VALUE
| | | $000 | $000
|---------------------|-----------| -------------| ----------
| 2008 | | |
| Plant, vehicles and equipment | 708 | (320) | 388
| Total | 708 | (320) | 388

| | COST/
| | VALUATION | ACCUMULATED | NET BOOK
| | $000 | DEPRECIATION | VALUE
| | | $000 | $000
|---------------------|-----------| -------------| ----------
| 2007 | | |
| Plant, vehicles and equipment | 858 | (504) | 354
| Total | 858 | (504) | 354



Next Page →



Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2008, No 185




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for NGC Holdings Limited Gas Wholesaling Activities (continued from previous page)

🏭 Trade, Customs & Industry
28 November 2008
Financial statements, Payables, Accruals, Provisions, Commitments, Property, Plant and Equipment, NGC Holdings Limited