✨ Financial Statements
4270 NEW ZEALAND GAZETTE, No. 173 30 NOVEMBER 2009
NGC HOLDINGS LIMITED
GAS WHOLESALING ACTIVITIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009
7. PROVISIONS
| 2009 $000 | 2008 $000 | |
|---|---|---|
| Balance at the beginning of the period | 1,521 | - |
| (Decrease)/increase of provision for employee entitlements | (7) | 36 |
| Increase of other provisions | 2,550 | 1,425 |
| Balance at the end of the period | 4,064 | 1,521 |
8. 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
| Non cancellable operating lease payments are as follows: | 2009 $000 | 2008 $000 |
|---|---|---|
| Within one year | 62 | 42 |
| One to five years | 41 | 69 |
| Total | 103 | 111 |
The majority of the operating lease commitments relate to premises.
9. PROPERTY, PLANT AND EQUIPMENT
2009
| COST $000 | ACCUMULATED DEPRECIATION $000 | CARRYING AMOUNT $000 | |
|---|---|---|---|
| Plant, vehicles and equipment | 645 | (468) | 177 |
| Total | 645 | (468) | 177 |
2008
| COST $000 | ACCUMULATED DEPRECIATION $000 | CARRYING AMOUNT $000 | |
|---|---|---|---|
| Plant, vehicles and equipment | 708 | (320) | 388 |
| Total | 708 | (320) | 388 |
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NZ Gazette 2009, No 173
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NGC Holdings Limited Financial Statements for Gas Wholesaling Activities
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💰 Finance & RevenueFinancial Statements, Provisions, Commitments, Property, Plant and Equipment