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New Zealand Gazette – 2009 – No. 173

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✨ Financial Statements Notes

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

12. CONTINGENT LIABILITIES

Claims against the gas wholesaling activities, where appropriate, have been recognised and disclosed within provisions. No other material contingencies requiring disclosure have been identified (30 June 2008: nil).

13. TRANSACTIONS WITH RELATED PARTIES

NATURE OF THE TRANSACTION	RELATED PARTY	2009
		$'000
Sold gas based on actual amounts billed and
notional revenue charged based on gas wholesale's	Gas Retailing Activities	199,442
cost of gas.
Sold gas by products based on standard terms and	Kapuni Gas Treatment Plant	7,373
conditions.
Purchased gas transmission services based on	Gas Transmission Activities	634
standard terms and conditions.
Allocation of processing fees costs.	Kapuni Gas Treatment Plant	7,416
Net revenue from operational gas swap arrangements	Gas Transmission Activities	-

Transmission services charges are paid to related parties at the time of billing.

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DEPARTMENT OF INTERNAL AFFAIRS
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ISSN 0111-5650
ISSN 1177-8415
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Gazette.govt.nz — NZ Gazette 2009, No 173

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✨ LLM interpretation of page content

💰 NGC Holdings Limited Financial Statements for Gas Wholesaling Activities (continued from previous page)

Domain💰 Finance & Revenue
KeywordsFinancial Statements, Contingent Liabilities, Related Party Transactions, Gas Wholesaling

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