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New Zealand Gazette – 2008 – No. 25

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✨ Related Party Transactions

15 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 25 571

Services provided by Connetics:

Asset maintenance

asset storage 258 221
emergency work 3,243 2,465
other asset maintenance 6,463 4,132
9,964 6,818

Asset construction

subtransmission assets 1,345 833
zone substations 3,455 54
distribution lines and cables 1,775 2,886
medium voltage switchgear 1,574 2,255
distribution transformers 2 75
distribution substations 340 54
low voltage lines and cables 484 4,831
other system fixed assets 996 493
9,971 11,481

Other services provided to line business

meter data - -
consumer-based load control - -
disconnection/reconnection services - -
avoided transmission charges - -
other goods and services - -
- - 19,935 18,299

Balance outstanding at 31 March 2,393 2,846

The company has provided directors and some specialised administrative support to Connetics. These have been charged on a commercial arms-length basis.

No debts have been written off or forgiven during the year. Amounts were due the 20th of the month following date of invoice.

Payments received from Connetics for services 166 103

Balance outstanding at 31 March 10 16

The company has also made subvention payments to 100%-owned subsidiaries in order to utilise the tax losses of the following companies:

Orion New Zealand Ventures Limited 44 337
Orion (Whisper Tech) Limited 1,701 4,876
1,745 5,213

These amounts were paid by the company to those subsidiaries by 31 March each year.

VUW Te Waharoa — NZ Gazette 2008, No 25

Gazette.govt.nz — NZ Gazette 2008, No 25

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Related Party Transactions (continued from previous page)

Domain💰 Finance & Revenue
KeywordsRelated parties, Shareholders, Transactions, Orion Group Limited, Christchurch City Holdings Limited, Selwyn Investment Holdings Limited, Connetics Limited

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