New Zealand Gazette – 2008 – No. 34

Page 791

✨ Financial Statements



25 FEBRUARY 2008 NEW ZEALAND GAZETTE, No. 34 791

HORIZON ENERGY DISTRIBUTION LIMITED - Lines Business

NOTES TO THE FINANCIAL STATEMENTS

Lines
Business
2007
$000		 Lines
Business
2006
$000

14 OPERATING LEASES

Operating lease commitments fall due for repayment in the following periods:
Within One Year 68 63
Within One to Two Years 71 63
Within Two to Five Years 123 169
Within Five to Eight Years - -
262 295

15 REMUNERATION OF AUDITORS

During the year the following fees were paid or payable for services provided by PricewaterhouseCoopers, the auditor of the Parent and the Group:
Auditing the Financial Statements:
    Auditing the Financial Statements 48 43
    Other Audit Fees 24 26
72 69
Other Services:
    Assurance related 77 21
Total Payments to Auditors 149 90

16 RELATED PARTY TRANSACTIONS

The Company conducts business predominantly in the Eastern Bay of Plenty and undertakes transactions with shareholders, company officers and other related parties that reside in the region. All transactions with related parties have been carried out on a commercial and "arms length" basis.

Transactions
Sales to Eastern Bay Energy Trust 136 131
Dividend paid to Eastern Bay Energy Trust 3,380 3,756
Transfers to and from "Other" Business 889 612

Balance
Amounts Owed by "Other" Business for Re-allocations to and from "Other" Business 2,929 2,040
Amounts owed by Eastern Bay Energy Trust - -

Eastern Bay Energy Trust owns 77.29% of the ordinary shares of Horizon Energy Distribution Limited.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 34


Gazette.govt.nz — PDF NZ Gazette 2008, No 34




✨ LLM interpretation of page content

🏭 Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Leases, Auditor Remuneration, Related Party Transactions, Horizon Energy Distribution Limited