✨ Financial Statements
5 DECEMBER 2008 NEW ZEALAND GAZETTE, No. 189 4983
- Share Capital
Authorised capital:
| 2008 | 2007 | |
|---|---|---|
| Distribution - 5,264,435 Ordinary shares of $1 each fully paid up | $ 5,264,435 | $ 5,264,435 |
| Retail - 199,835 Ordinary shares of $1 each fully paid up | $ 199,835 | $ 199,835 |
- Credit Line Facility
| Distribution | Retail | |||
|---|---|---|---|---|
| 2008 | 2007 | 2008 | 2007 | |
| ------------- | -------------- | -------------- | --------------- | -------------- |
| WDCHL | $ 5,891,541 | $ 5,854,884 | $ 2,546,969 | $ 951,639 |
| WDC | $ - | $ 995,754 | $ - | $ 161,847 |
| $ 5,891,541 | $ 6,850,638 | $ 2,546,969 | $ 1,113,486 |
2008 - WDCHL
Term : The loan matures upon demand being made in writing by the lender.
Security : First ranking debenture providing for fixed and floating charges over all assets.
Interest rate over year : 8% to 12%.
The Company has a flexible credit line facility
2008 - WDC
Term : The loan matures upon demand being made in writing by the lender.
Security : First ranking debenture providing for fixed and floating charges over all assets.
Interest rate range over year : 8.75%.
The Company has a flexible credit line facility
- Finance Lease Liabilities
| Distribution | Retail | |||
|---|---|---|---|---|
| 2008 | 2007 | 2008 | 2007 | |
| -------------------------------------- | ------------- | ------------ | ------------- | ------------ |
| Not later than one year | $ 3,378 | $ 4,373 | $ 4,034 | $ 4,739 |
| Later than one year and not later | $ 3,378 | $ 3,430 | $ 4,034 | $ 3,717 |
| than two years | ||||
| Later than two years and not later | $ 1,120 | - | $ 4,573 | - |
| than five years | ||||
| Later than five years | $ - | - | $ - | - |
| $ 7,884 | $ 12,376 | $ 9,412 | $ 13,413 | |
| Less: Future finance charges | $ 1,664 | $ 2,577 | $ 1,986 | $ 2,793 |
| Recognised as a liability | $ 6,220 | $ 9,799 | $ 7,426 | $ 10,620 |
Representing lease liabilities
| Current | $ 2,666 | $ 3,485 | $ 3,182 | $ 3,777 |
| Non-current | $ 3,554 | $ 6,314 | $ 4,244 | $ 6,843 |
| | $ 6,220 | $ 9,799 | $ 7,426 | $ 10,620 |
- Loans to related parties
The fair value of loans to related parties
| Distribution | Retail | |
|---|---|---|
| $ - | $ - |
- Imputation Credit Account
| Distribution | Retail | |||
|---|---|---|---|---|
| 2008 | 2007 | 2008 | 2007 | |
| -------------------------------------- | ------------- | ------------ | ------------- | ------------ |
| Opening Balance | $ 249,894 | $ 434,882 | $ (232,655) | $ 39,934 |
| PLUS: | ||||
| Income tax paid | $ (425,621) | $ 150,928 | $ 291,393 | $ 31,818 |
| Imputations on dividends received | $ 186 | $ 190 | $ 166 | $ 117 |
| LESS: | ||||
| Terminal tax refund | $ (714,031) | $ (102,513) | $ 488,846 | $ (21,611) |
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NZ Gazette 2008, No 189
✨ LLM interpretation of page content
🏭
Notes to the Financial Statements for Wanganui Gas Limited
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Accounting Policies, Gas Distribution, Retail, Wanganui Gas Limited, Share Capital, Credit Line Facility, Finance Lease Liabilities, Loans to Related Parties, Imputation Credit Account