✨ Financial Statements
4236 NEW ZEALAND GAZETTE, No. 173 30 NOVEMBER 2009
NGC HOLDINGS LIMITED
GAS RETAILING ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009
8. PROVISIONS
| 2009 | 2008 | |
|---|---|---|
| $000 | $000 | |
| Balance at the beginning of the period | 6,013 | - |
| Increase of provision for employee entitlements | 2 | 87 |
| (Decrease) / increase of other provisions | (5,926) | 5,926 |
| Balance at the end of the period | 89 | 6,013 |
Other provisions relates to a historic customer billing dispute.
9. COMMITMENTS
There is no capital expenditure committed for and not recorded in these financial statements for the year ended 30 June 2009 (30 June 2008: nil).
Operating lease commitments
| 2009 | 2008 | |
|---|---|---|
| $000 | $000 | |
| Non cancellable operating lease payments are as follows: | ||
| Within one year | 53 | 38 |
| One to five years | 37 | 63 |
| Total | 90 | 101 |
The majority of the operating lease commitments relate to premises.
10. PROPERTY, PLANT AND EQUIPMENT
| | COST | ACCUMULATED | CARRYING |
| | | DEPRECIATION | AMOUNT |
| | $000 | $000 | $000 |
|---------------------|---------|--------------|------------|
| 2009 | | | |
| Plant, vehicles and equipment | 880 | (565) | 315 |
| Total | 880 | (565) | 315 |
| | COST | ACCUMULATED | CARRYING |
| | | DEPRECIATION | AMOUNT |
| | $000 | $000 | $000 |
|---------------------|---------|--------------|------------|
| 2008 | | | |
| Plant, vehicles and equipment | 790 | (303) | 487 |
| Total | 790 | (303) | 487 |
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NZ Gazette 2009, No 173
✨ LLM interpretation of page content
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Notes to the Financial Statements Disclosed by Directors of the Corporation
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🏭 Trade, Customs & IndustryFinancial statements, Notes, Provisions, Commitments, Property, Plant, Equipment