New Zealand Gazette – 2008 – No. 186

Page 4901

✨ Transpower New Zealand Limited Lines Business Financial Report

28 NOVEMBER 2008 NEW ZEALAND GAZETTE, No. 186 4901

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

28. Related parties

Transactions with key management personnel
The Lines Business did not conduct any business with key management personnel.

Key management personnel compensation
Key management personnel received the following compensation for their services to the Lines Business.

	LINES BUSINESS
	2008
	$000
Directors' fees	-
Short term employee benefits	564
Defined contribution schemes	4,221
	16
Termination benefits	117

29. Subsequent events

The Directors are not aware of any matter or circumstance since the end of the financial year that has significantly or may significantly affect the operations of the Lines Business.

30. Significant estimates or judgements

Judgements

No significant judgements were made during the year.

Estimations

A key estimate and assumption made regarding future events was in relation to a dismantling provision. This provision has a balance at 30 June 2008 of $18.9 million. The nature and uncertainty on this provision is discussed in Note 17 Provisions.

Gazette.govt.nz — NZ Gazette 2008, No 186

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✨ LLM interpretation of page content

🏭 Financial Contingencies for Transpower Lines Business (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsContingencies, Guarantees, Debt, Cross Border Leases, Economic Gain, Lawsuits, Claims, Investigations

🏭 Related Parties Transactions and Compensation

Domain🏭 Trade, Customs & Industry
KeywordsKey Management Personnel, Compensation, Directors' Fees, Employee Benefits, Termination Benefits

🏭 Subsequent Events Affecting Operations

Domain🏭 Trade, Customs & Industry
KeywordsPost-Financial Year Events, Operational Impact

🏭 Significant Estimates and Judgements

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Estimates, Judgements, Dismantling Provision, Provisions

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