β¨ Financial Statements
30 NOVEMBER 2009 NEW ZEALAND GAZETTE, No. 173 4255
NGC HOLDINGS LIMITED
GAS TRANSMISSION ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2009
15. TRANSACTIONS WITH RELATED PARTIES
| NATURE OF THE TRANSACTION | RELATED PARTY | 2009 | 2008 |
|---|---|---|---|
| Sale of transmission services based on actual revenue charged and notional revenue charged. | Gas Wholesaling Activities | 634 | 468 |
| Sale of transmission services based on actual revenue charged and notional revenue charged. | Gas Retailing Activities | 29,160 | 32,720 |
| Purchase of gas on standard terms and conditions. | Gas Retailing Activities | 3,798 | 3,280 |
| Net cost from operational gas swap arrangements. | Gas Wholesaling Activities | - | 25 |
| Purchase of mechanical services at market rates for the maintenance of export compressor based at Kapuni. | Kapuni Gas Treatment Plant | 656 | 741 |
| Loan advance | Vector Limited | 174,092 | 179,082 |
(Transmission services charges are paid by related parties at the time of billing)
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β¨ LLM interpretation of page content
π°
Notes to the Financial Statements for NGC Holdings Limited
(continued from previous page)
π° Finance & Revenue30 June 2009
Financial Statements, Commitments, Lease Payments, Foreign Exchange Risk, Credit Risk, Contingent Liabilities, NGC Holdings Limited, Transactions with Related Parties
NZ Gazette 2009, No 173